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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 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.
_________________
Goodnatured,

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

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 456



11445 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.
_________________
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.
You can also visit my blog
http://financewatchonline.blogspot.com
 
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 163



4471 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.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
Mario
Guest
Subject: Debt/valditation leteer
 
 Posted on Fri May 30, 2008 3:37 am  
I have a similar issue. My account was charged off, since May of 2006. And my account was bought and sold several collection agency. However, within that time my balance never changed. The last collection has fowarded to their attnorey, and the balance increased. They saying is the interest charged from the time account was charged off but i have copies from other collection agencies that my balance never changed. And i send them a vaidation letter. And they failed to respond. Where,should i go from here.
 
carol

carol

Joined: 27 Jun 2006
carol's page
Posts: 291



8337 Magic Points
 
 Posted on Fri May 30, 2008 7:22 am  
Hi Mario
You did not say when you have sent your debt validation letter and whether you have sent your DV letter under certified mail. You need to wait for 30 days from the day the CA receive the letter. If they fail to respond after 30 days, send a dispute letter to the Credit reporting agencies telling that you do not agree to the debt.
_________________
Keep in touch
Carol
 
fireyone



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



18073 Magic Points
 
 Posted on Wed Jun 04, 2008 11:22 pm  
I had the same thing happen to me. It was sold so many times but the balance after the first couple collectors started really adding on the interest. Make sure you follow through with the dispute letter as mentioned by carol.
 
Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 227



6525 Magic Points
 
 Posted on Fri Jun 06, 2008 11:18 am  
DV letter is the most powerful instrument to deal with the collection agencies, as once you send a DV letter, the CA cannot harass you until and unless they validate your debt. If they cannot validate your debt you can sent a dispute letter to the CRAs asking them to remove the listing from your credit report. If however they validate your debt, negotiate the debt with them and sent them a PFD agreement letter. If they accept, pay back the agreed amount of the debt and get the negative element deleted from your report.
_________________
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 Tue Jun 17, 2008 10:49 am  
great post Mary, you explain the process very clearly.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Thanks,
Guest
Subject: Court Date
 
 Posted on Sun Jul 06, 2008 6:03 pm  
Requested validation at court hearing. They did not have documents to validate the debt and the case was dismissed with prejudice.
 
impute80510



Joined: 06 Jul 2008
impute80510's page
Posts: 2



66 Magic Points
Subject: answered summons
 
 Posted on Sun Jul 06, 2008 6:50 pm  
I answered the summons. Went to the hearing and ask for validation of debt which they could not provide. The case was dismissed with prejudice. The most important thing to do is ANSWER THE SUMMONS. Mos
 
goodnatured



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



529 Magic Points
 
 Posted on Sun Jul 06, 2008 7:27 pm  
impute80510,

That is awesome, I have one that is just hanging out there, it went to an arbitration panel, and I was suppposed to get a notice in the mail as to when the hearing would be, I have heard nothing and I know for sure that the hearing was not held with out me.

Your post is very encouraging, thanks, if you don't mind, who was the company? or the law firm?
_________________
Goodnatured,

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







 
 Posted on Mon Jul 07, 2008 9:29 am  
Hi impute
You gave us a really wonderful idea of asking for debt validation in the summons itself. The most interesting part of it is that if they cannot validate your debt, the hearing can be dismissed by the court itself.
 
goodnatured



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



529 Magic Points
 
 Posted on Mon Jul 07, 2008 3:38 pm  
Yes, I find that very interesting, it may come in handy to me here soon.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
lostrikan24



Joined: 07 Jul 2008
lostrikan24's page
Posts: 32



1544 Magic Points
 
 Posted on Tue Jul 08, 2008 9:46 pm  
Outstanding. I think it takes a lot of courage and heart to walk into court and demand paperwork. I believe that is why it is filed in the first place, these CA's do not expect the average consumer to demand anything. Congratulation to Thanks and impute!
 
goodnatured



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



529 Magic Points
 
 Posted on Wed Jul 09, 2008 2:38 am  
I have sent debt validation a few time, I sent them certified and return reciept and have all the paperwork to proove they signed for it. I will be happy to present this in court and demand it again in person. They have never provided me anything.
_________________
Goodnatured,

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