Subject: where do you go from here-if debt has been validated?
Mon Dec 07, 2009 11:24 pm
recently, I have been served on a credit card debt. I requested a debt validation from my creditor, they sent back a stack of computer generated statement on the account with the affidavit from the original debtor, stating that this is true and correct amount owed. I don't know what to do next, is the copy of statement and the
affidavit sufficient or do they have to sent me an original contract that signed by me when I first got the card- please advise
Ask them if the person on the affadavit is willing to accept a subpeona to testify on their behalf, I doubt they will, this affadavit probably did not even come from the original creditor, they send these out along with credit card statements.
I had the same thing happen, these are called John Doe affadavits, I do not believe they are real people on them.
Tue Dec 08, 2009 8:09 pm
thank you for respond back to my posting, if you mind--can I ask you what happen after that
Wait till they validate your debt properly. When you ask for debt validation to a collection agency, ideally they should send the statements of your outstanding balance, document stating that they are allowed to collect this debt and a copy of the original contract between you and the creditor. After your debt is validated, you have to pay it. If you are unable to pay the entire amount, then you can try to negotiate and settle the debt with the creditor. _________________ All the Best
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.