What happens if a Collection Agency does not validate the de

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

jenorlandi
Guest

Subject: What happens if a Collection Agency does not validate the de

Tue Oct 27, 2009 4:05 am

I am trying to fix my husbands credit and have sent many validation letters to different collection agencies. My question is what happens if a collection agency does not reply to my letters within the 30 days from the moment they signed? Rolling Eyes

Someone please help me, I want to do this precess by myself I dont want to pay someone else to do the work.

Thank you
Jenorlandi

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1093

25288 Magic Points

Tue Oct 27, 2009 7:07 am

Hi Jenorlandi,

It is good to know that you have taken a step towards cleaning the credit report. I think you must wait till the collection agency validates the debt. Without validation, it will not be proved that the debt belongs to you and that the CA has got the authority in collecting the debt from you. Do not pay a penny without the CA validating the debt.
_________________
All the Best Smile

Justin

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4124

1011 Magic Points

Tue Oct 27, 2009 10:23 am

Hi jenorlandi ,

I am going through the debt validation process as we speak. I have done a lot of research on it and have heard a few times that even though you state in your dispute letter that you would like the debt validated within 30 days the collection company actually by law can take up to 60 days. Now I do not know if this is entirely accurate.
I also asked the question on a law site, where atty answer your questions, and asked what happens if a collection does not validate the debt. I was told I would still be legally responsible for the debt if there was a contract. I myself was a little confused on this. I thought if they did not validate they lost the right to collect but could sell it to another collector. Good Luck. If I find out more I will let you know.

Quick Reply

Your Name

Subject

Message body


Page 1 of 1