Subject: CA verification letter states that a CA is his client. How
Tue Aug 31, 2010 3:50 pm
CA verification letter states that a CA is his client. How do I find out who is the original debt holder and amount of debt?
An aggressive CA (Hayt) is now holding a debt from Palisades CA. I do not konw who is Palisades, nor the original debt.
I sent request for veirfication letter to Hayt. Hayt replied that Palisades CA is thier client. Hayt also replied that Palisades has 10 days to decide to file for judgement. How can I get info regarding orinal debt?
Send a debt validation letter to the collection agency through certified mail, requesting a return receipt. Also pull a copy of your credit report to check if you have any such account listed on it.
The CA is supposed to send copies of your original signed contract with the creditor, the payment details and proof that they have the authority to collect the debt. If the CA fails to validate the debt you can dispute the item with the credit bureaus.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.