what do I do once I have gave them 30 days?

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

vshe314

Joined: 27 Mar 2009
vshe314's page
Posts: 1

22 Magic Points

Subject: what do I do once I have gave them 30 days?

Fri Mar 27, 2009 10:04 pm

if i send the creditor a letter to tell them to show me proof of the debt that own in writing and give them 30 days.If they don't have the information in the 30 days. What should I do then?

nucknfutsim

Joined: 21 Mar 2009
nucknfutsim's page
Posts: 23

750 Magic Points

Subject: Subject: what do I do once I have gave them 30 days

Sat Mar 28, 2009 12:12 am

what i do is wait at least 3 days after the 30 days are up and then i call the credit bureau and tell them that i sent the validation letter and they have not responded and therefore i would like to have the item removed for lack of validation

Richard
Moderator
Richard

Joined: 27 Jun 2006
Richard's page
Posts: 126

5047 Magic Points

Sat Mar 28, 2009 6:39 am

Hi Nuck
The FDCPA does not prescribe any time limit within which the creditor or the collection agency need to validate the debt. It only says that the creditor need to stop collecting the debt till the time they validate it properly. Now, 30 days is taken as the time limit by most borrowers to dispute the debt with the bureaus when the creditors fail to validate the debt and so you can send a dispute letter to the bureaus asking them to remove the negative item from your report.
_________________
The more you learn the more you earn. Join our community and enhance your knowledge.

Quick Reply

Your Name

Subject

Message body


Page 1 of 1