what do I do
Date: Mon, 10/23/2006 - 15:11
I have no idea what to do. I got a letter from a collection agency stating that they are collecting a debt for American Express. Well, the account was closed last year, and I have faithfully been making the payments monthly. All of the sudden, out of the blue, they want it all? I don't know what to do. I don't have 6,000. to pay them. Help! PS...my husband has no idea I have charged up our cards, and yes there's more than this one, but I never been late on a payment...omg.
Did the letter from the collection agency specify the charges an
Did the letter from the collection agency specify the charges and your last payments done on the account? If you are not sure about the info given in the letter, send a dispute letter and request for the missing info. The link below will explain what you should expect from a collection agency in the debt validation letter.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
Call Amex and get the status of the account. You can make some arrangements with them if there is a balance.
Just call Amex..........
Just call Amex and ask why it was turned over to collections. This does not make sense.
collection
OMG, Call the company and ask why? If you have kept to your arrangements this might be a mistake. Also come clean with your husband. Deep dark secrets hurt everyone take it from me. I hid the fact that I had taken PDL and that is something I will never forgive myself for. KYSIDE38
Use this letter of mine to get the collectiona gency to validate
Use this letter of mine to get the collectiona gency to validate the debt and call AX and find out why it went to collection since you are paying on it. Good luck and keep us posted
Company Name
Company Address
City, State & Zip
Date
RE: Account No. If Available
Dear Sir/Madam,
I received the following letter in my postal mailbox on (date) and would like to notify your company that your claim is disputed.
In accordance with the fdcpa, I have the right to request for a validation of my debt. This is asking for proof regarding this and verifying the same.
Please attach copies of the following with the reply:
1. The agreement which authorizes the creditor to collect debt on the alleged debt.
2. The signed agreement from the debtor conforming to pay the creditor.
3. The documents regarding the payments made on this account validating the amount.
With regards,
Your signature
Your name and address