Sent Validation Letter, now what?
Date: Wed, 09/05/2007 - 09:18
Sent Validation Letter, now what?
Please tell me the process after the creditors and collectors prove it is mine.
Please tell me the process after the creditors and collectors prove it is mine.
You wait for them to validate- if they do! If you find out it i
You wait for them to validate- if they do! If you find out it is your debt, it isn't out of the SOL and/or you want to pay it off, you can begin negotions with them.
Some will want the full amount immediately, but if you keep after them, some will offer a settlement amount, sometimes between 40-60% of your debt.
Do not give anyone your banking info- send them a cashiers check, and do all correspondence by making copies of everything, and sending it certified, return receipt.
What type of debt are you refering to- pay day loans, credit cards? And also, is this with the original creditor or collection agency? Good Luck..KAren
