i have received no letters about this so i dont know where i stand
2007-01-29 03:47:36 · 5 answers · asked by katie h 1 in Business & Finance ➔ Credit
The only requirement a debt collection agency has is to send a letter to your last known address. They are not required to send by certified mail. Therefore, many don't even bother and simply claim that it was sent.....you must have moved or it was misplaced.
2007-01-29 07:34:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sorry to be bearer of bad news, but that's life and the wonderful financial conundrum of compound interest.
I will refer you to the FTC's website on the Fair Debt Collections Practices Act. It's worth reading. I myself haven't read the part about giving you notice via mail, but I do know that if you write to them to stop calling you, under this act, they must stop the collections calls. I also know that you are entitled to one free credit report per year (additional credit reports in a given year must be paid for). Based on my knowledge on laws and the legal system, I can make an educated guess that they do have to give you notice. I don't know exactly what constitutes "proper notice," though. This I can conclude from my boyfriend being an attorney and listening to his many lectures which includes this topic.
I would suggest for you to read sections 805 to 807 of the FDCPA. They briefly go into communication with the consumer. For clear and uncut information, please be guided by a competent attorney on this matter. Hope this gets you started in the right direction.
2007-01-29 11:59:35 · answer #2 · answered by Carolina 4 · 0⤊ 0⤋
The recovery company's, I thought, had to notify you by registered mail. Don't know about your state.?Without the registered letter they have no proof that you received the notice..If they take you to court you can bring that up. It might help..You might even mention that to them and see if they drop it..What really gets their butt is if you pay the one you owe the bill to. If you pay the money to the one you owe usually the collection agency did not do their job and they get ZIP..Try it...!!
2007-01-29 11:59:38 · answer #3 · answered by buzzwaltz 4 · 0⤊ 0⤋
Ask them to send you a letter regarding the debt and relevant information regarding the debt. Inform them that any further communication is to be done by mail. Don't acknowledge the debt as yours until they've proven to you that it is yours.
2007-01-29 11:52:39 · answer #4 · answered by sovereign_carrie 5 · 0⤊ 0⤋
call the collection co. and have them address it and explain your self to to them and what happened this just may help get it back down to 100.00 maybe a little more than that
2007-01-29 12:00:34 · answer #5 · answered by jim m 7 · 0⤊ 0⤋