I am concerned about identity theft. A collection agency contacted me re: an account that was charged off that they want me to pay, but that account number does not appear on my credit report and they said it will take 4 weeks for me to get a validation of debt, which will have my name, social security number, and address on it, but not my signature. What should I do?
2007-02-02 09:15:34 · 4 answers · asked by olddog 1 in Business & Finance ➔ Credit
Tell the collection agency that you did not charge this and you have no intention to pay for it. Write them a registered letter stating the same, that you need to have proof of signature.
They are not allowed to harass you over the phone. Just be firm, tell them you want to talk to the agency manager if they give you problems. And that should be the end of it. If they call again, tell them again and let them know that you will be seeking legal counsel.
2007-02-02 09:25:02 · answer #1 · answered by Mightymo 6 · 0⤊ 0⤋
Many creditors threaten their borrowers with charge-off and make it sound as though it is the end of healthy financial life. This happens if you fail to make regular payments on your bills. This term scares many people. This article explains everything you need to know about charge-off.
As the term charge-off includes the term charge, many people think term means cancellation of the account by the creditor. This means you cannot pay for anything with your credit card. But it not what the banks mean. According to banks and bill collectors, a "charge-off" is the point at which the creditor writes off the outstanding debt as a "bad debt."
2007-02-02 16:29:04 · answer #2 · answered by stew w 2 · 0⤊ 0⤋
You probably will need a identiy theft protection program and may want to consider having a lawyer talk to the collection agency for you. I do represent a company where we can do both for you and if you are a victim of identity theft, we will restore it for you. I am trying to help people protect their identity because it is becoming a problem. It is very inexpensive, but those are the necessary steps you need to consider and I will be happy to send you information if you choose to look at how we can help.
2007-02-02 12:39:57 · answer #3 · answered by gatorgirl 5 · 0⤊ 0⤋
There are some questions that your question brings up. You state which you owe approximately $800 in debt, yet you do no longer say if those are the closed money owed or no longer. in the event that they are closed, the question to invite is did you shut them or did the business enterprise's close them. in case you closed them it exhibits which you attempt to regulate your funds in a greater effectual way. If the business enterprise closed them, and suggested them as closed, no longer payed or something like that, that could be a bad element. whether you pay them off, provided that they do no longer seem to be particularly calculated on your variety of open money owed, this would possibly not do lots on your score. That being suggested, in case you do pay them off, it will enhance your debt to earnings score somewhat given which you've got much less debt to pay which includes your earnings. whether you pay them off, they're going to nonetheless stay on your credit record for a minimum of 7 years, possibly as long as 10 years now. As for reporting, the credit reporting business enterprise might take as long as 40 5-60 days to replace your credit record.
2016-11-02 04:01:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋