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Sample Debt Validation Letter

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goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2908



529 Magic Points
 
 Posted on Sun Mar 30, 2008 10:56 pm  
No since in inventing the wheel twice.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Fasfeed



Joined: 06 Feb 2008
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Posts: 87



3188 Magic Points
 
 Posted on Mon Mar 31, 2008 4:27 am  
If you recieve a default judgement, do they mail you out information per the default. How does that work.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2908



529 Magic Points
 
 Posted on Sun Apr 20, 2008 12:19 am  
When they are ready to start collecting you will know, they will state that they have the default judgement. They will then expect you to start paying up.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2479



18073 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
goodnatured's page
Posts: 2908



529 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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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
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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Posts: 608



15 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.
_________________
I don't dream since I quit sleeping
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2908



529 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.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2479



18073 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
Mary's page
Posts: 227



6525 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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Where there's a will, there's a way !!
 
goodnatured



Joined: 03 Nov 2007
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Posts: 2908



529 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,

Trying to become and stay debt free, thank you for all your help and support!
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2908



529 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,

Trying to become and stay debt free, thank you for all your help and support!
 
george

george

Joined: 06 Jul 2006
george's page
Posts: 75



2859 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.
_________________
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
fireyone's page
Posts: 2479



18073 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.
 
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