Quote:
Originally Posted by The Walrus
lol I didn't even realize first post, lol!   |
its probably someone here that doesnt want to post under their name.
Regardless, here is what you can do... its called the "1-2-punch" (i did an sem campaign for a debt collection company, so i have some info).
You send the collection agency a letter of dispute, stating you have no knowledge of the account, and request
validation made pursuant to the Fair Debt Collection Practices Act. DO NOT sign the letter, you will be suprised how your sig will end up somewhere else.
Send the letter certified mail, return reciept. then the day you get the little green card back, immediately order a credit report adn dispute the trade line on each credit reporting agency.
this is called the 1-2-punch because by law, the collection agency can not verfiy with the credit reporting agency while you have requested validation of the debt. this gives a 30 day window for you to dispute the debt and the collection agency can not do anything until they have 1) validated the debt or 2) the 30 days is up.
according the the FDCPA, if the collection agency fails to follow the set guidelines (verifies the debt with the credit reporting agency WITHOUT validating with you or before 30 days) you can fine them $1000 for each infraction, plus tehy get a slap from the FCC.
in most cases this works wonderfuly. the collection agency would rather drop the debt than get in all sorts of legal trouble. As well, most collection agencies can never validate a debt once it has left the hands of the original creditor.
legal
: I am not an attorney nor I am no way saying to ever walk away from a debt. this information is provided for entertainment purposes only.
hit me up if you need some help, i have a few letters that ive given to people that have worked great. from removing collection agencies to removing credit pulls on your credit history. (contact info in sig)