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Debt validation letter: Sample letter to dispute your debt

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fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4248



52 Magic Points
 
 Posted on Mon Apr 21, 2008 12:43 am  
Isn't that all we do is pay. I can't keep up as it is.
goodnatured



Joined: 03 Nov 2007
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Posts: 3931



307 Magic Points
 
 Posted on Sun Apr 27, 2008 12:32 pm  
It is getting harder and harder to keep up, especially with the price of gas and then when you do get a little break, something unexpected comes up. We will be getting the economic stimulus, I have to put it into pipe and digging in my yard, having a drainage problem and don't want it to get bigger, so I have to get a backhoe in, a dump full of shale and of course there will be labor included, so there goes my stimulus package. gone, gone, gone.
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godschild
Guest
Subject: dispute letter
 
 Posted on Sat May 03, 2008 10:10 pm  
Hello everyone!

Just to be clear...If I have an old collection account that I want to get deleted from my profile I should first send the debt validation letter? or the deletion settlement letter? Sorry to be redundant but I really just want if off my credit report so if I can get it off by sending a settlement offer/deletion demand I would like to just do that??? Any clarifying advice?

Thanks
Morningstar

Morningstar

Joined: 17 Apr 2007
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11 Magic Points
 
 Posted on Sun May 04, 2008 3:25 am  
DV letter is to determine if the CA can legally collect the debt; it may trigger the removal of credit report entry if the account is disputed and the CA cannot properly report.

PFD letter is used when you know that the debt is legit, that the CA is collecting legitimately, and when you can follow through with your settlement proposal.
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goodnatured



Joined: 03 Nov 2007
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Posts: 3931



307 Magic Points
 
 Posted on Mon May 05, 2008 12:45 pm  
Thanks for posting this information Morningstar, hopefully the poster will come back and use it.
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Goodnatured,
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fireyone



Joined: 26 Feb 2008
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Posts: 4248



52 Magic Points
 
 Posted on Mon May 05, 2008 10:13 pm  
Yes goodnatured..hopefully they will. There are so many con-companies out there. I would hate to see anyone fall into that trap.
Mas
Guest
Subject: court date
 
 Posted on Tue May 13, 2008 1:10 am  
Ok, I answered the summons and have a court date. What should I expect and what will my response be? Will they have the same burden proof as if I asked for in a debt validation letter? I still have 2 1/2 months before the court date, so should I request validation from the lawyers.
Mary

Mary

Joined: 06 Jul 2006
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17411 Magic Points
 
 Posted on Tue May 13, 2008 6:34 am  
Hi Mas

I think that you should ask for debt validation from the lawyers. After getting the reply, if you agree that you really owe the debt, then you should negotiate your repayment with the creditor's attorney. You can negotiate for a lumpsum payment as many collectors waive a percentage of the original loan, interest and other fees. You can also avoid court summons through this.
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goodnatured



Joined: 03 Nov 2007
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307 Magic Points
 
 Posted on Thu May 15, 2008 12:36 am  
They should validate, once they do then you can work out the payment plan that mary is talking about.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
goodnatured



Joined: 03 Nov 2007
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Posts: 3931



307 Magic Points
 
 Posted on Thu May 15, 2008 12:36 am  
They should validate, once they do then you can work out the payment plan that mary is talking about.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
george

george

Joined: 06 Jul 2006
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2855 Magic Points
 
 Posted on Thu May 15, 2008 5:40 am  
Hello Mas

I agree with Mary on this point. I think 2 1/2 months is sufficient to negotiate a payment plan with the creditor's attorney to avoid future court summons.
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George Miranda

Money does not buy happiness. Happiness is found in being content with who you are and what you have.
fireyone



Joined: 26 Feb 2008
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Posts: 4248



52 Magic Points
 
 Posted on Sun May 18, 2008 11:20 pm  
Sometimes these places leave you hanging on forever. Hopefully she can work out a deal.
goodnatured



Joined: 03 Nov 2007
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Posts: 3931



307 Magic Points
 
 Posted on Mon May 26, 2008 1:46 pm  
If they are not getting back to you then I would attempt one more time to do a certified letter with return reciept requested so that if they do take you to court that you can have some type of evidence that you have been trying to work out something with these people otherwise you may just look like a deadbeat and you do not want to give the people deciding your fate to think that of you.
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Goodnatured,
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for all the ways I make $$ online
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anthony

anthony

Joined: 31 Jul 2006
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13582 Magic Points
 
 Posted on Tue May 27, 2008 5:16 am  
I also agree with goodnatured. Make all communications with the CA in writing so that you can have some evidence in the court that you tried to have some repayment deal with the CA to pay back your debt.
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Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
scott

scott

Joined: 28 Jun 2006
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Posts: 446



10890 Magic Points
 
 Posted on Tue May 27, 2008 5:30 am  
Hi Mas
Since you have a 2 1/2 months left, I agree with George that you first send a DV letter and then come to an agreement for a repayment plan with your CA since you have the time to do so. Also try to make your CA agree for a PFD agreement. But get everything in writing.
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SCOTT

Use your credit account responsibly and enjoy a debt free life.

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