Is there any reason 4validation if all the debts are current
Date: Fri, 05/16/2008 - 21:41
i was not sure if you needed the validation for records or not?
debt validation is done with debt collectors. Under the fdcpa, I
debt validation is done with debt collectors. Under the fdcpa, In an initial communication with a debtor, you have 30 days to dispute it. They then need to stop all collection activity at this point until they can validate it. If they continue collections after you send a letter, you can sue them in court.
Validating with the Original Creditor is pointless for the most part as they are not bound by the FDCPA.
Guest is right, original creditors are not bound by the fdcpa. A
Guest is right, original creditors are not bound by the fdcpa. Also, when others talk about debt validation, by that point it has either been charged off and sold to a Collection Agency, or they have a collection agency trying to collect their money for them.
If you are current, there are no problems with that.
If you want to get out of debt sooner, I started paying extra on my lowest balance cc until I got it paid off. I then took that money I was paying, and added it to the next lowest, and so on..Karen
