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Hi everyone,
Just getting started on repairing my credit. I've been reading like crazy, to find answers to all my queries. So, my question is:
If I try debt validation and the CA responds with a summons of some sort, what is the most I can be charged pre-trial? Some of these bills I would DV may very well be mine. I would pay them only if debt is validated.
I'm just concerned that the CA may respond with a summons to appear in court that tacks on interest, attorney's fees, etc. If that happens, is there a way to settle before court by paying in full and NOT having to pay the attorney's fees? I know that there is law that says that "reasonable" attorney's fees can be charged in this state.
collection agency debt validation
Hi Tabor,
A collection agency cannot sue you till the properly validates the debt. So, you should first debt validation letter. You have mentioned that you are sure about most of these debts. You can try saving more money within this validation period. Once the collection agencies validate the debts, negotiate a payment plan with them and get the agreement in writing.
Also, request the collection agencies to agree to "Pay for delete" agreement (PFD). With PFD the negatives get deleted.
Thanks,
Aaron