My husband and son opened a joint account at a jew

Date: Tue, 05/03/2011 - 06:15

Submitted by vivian1201
on Tue, 05/03/2011 - 06:15

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Total Replies: 2

My husband and son opened a joint account at a jewerly store over 16 years ago. After my son finished paying off the account I closed the account and opened an account under our name only. My son then opened his own account. My son then purchased an item years later and the jewerly store which is no longer in business re-opened the joint acct without our knowledge. Then my son lost his job and did not pay he used a debt consolidation company. Anyway we were never called by GE Money to let us know that this account was in arrears until we got a notice from a charge card that they did not want our business anymore. I then ran a credit report and this was on our credit report and they said it was a bad debt write off. We then get a call from Cambece Law that we owe this money and that we better pay. We ask if it would come off our credit report and they said no not for 7 years. We do not owe this money the account was closed years ago. What action can we take.

Cambece Law is required under law to send you notification of th

Cambece Law is required under law to send you notification of this debt by mail within 5 days of contacting you. Send them a request for debt validation via certified mail, RRR. Wait for their response and then dispute the debt. If they don't validate, then send information to the credit reporting agencies and request that it be deleted from your reports.

lrhall41

Submitted by aubrey on Tue, 05/03/2011 - 07:16

( Posts: 1203 | Credits: )

Failure to validate is not grounds for CR removal. Debt validati

Failure to validate is not grounds for CR removal. Debt validation under the FDCPA is a debt collections process, and is not a dispute under the FCRA for inaccurate credit reporting. It does not address the core issue that the account is not yours. They will probably just validate by stating that they have been assigned collection authority by the OC, and give you their name and amount of the debt.
You can send the DV, but it appears that the new account he opened bears an incorrrect ECOA designation of you as a joint account holder. That was reported by the OC, and not the debt collector.
I would immediately send the OC a direct dispute if they have previously reported to your CR, and to the debt collector, since they have reported. As fir the debt collector, assert that the debt is not yours due to lack of any joint account agreement with the OC, and thus that their collection is inaccurate.

lrhall41

Submitted by Lian on Tue, 05/03/2011 - 07:26

( Posts: 234 | Credits: )