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I have just learned about debt validation. I have been paying a creditor for 2 years. Is it too late to ask the creditor to validate the debt? I also recently learned about "pay delete". If I want to pursue a "pay delete" settlement, should I pursue debt validation even after paying for two years?
debt validation
Hi bsquires,
Debt validation is requested for, when you are not sure who the creditor or the collection agency is, when you are not sure about the debt. In your case, you are already paying the creditor for 2 years, so you need not validate your debt.
You can request the creditor to agree to a "Pay for Delete" (PFD) agreement when you are requesting him to settle for less than that of the outstanding debt amount. As in your case, you can try to make the creditor agree to a PFD. You can request him to agree to the PFD agreement.
Hope this helps.
Regards,
Aaron
the CA does not need to be mysterious for you ask for DV. The problem is that you need to request DV within 30 days of the CA's first contact.
1. CA calls you
2. within 5 days they must send the initial dunning letter this letter must tell you your rights (mini- miranda it is sometimes called). This will explain your right to dispute the debt. Many CA's don't bother to send this letter or disguise the information in what looks like a summons. Some CA's can't figure out your current address. This is why many people have to send a DV after the 30 time period.
You can dispute some inaccurate part of this debt and then request 623 investigation of the CA