what happens if a debt collector stops sending you letters. How do i know if the debt is now invalid? I ask for a validation of debt and they never sent it to me and now they don't send me anything at all. How do i know they won't come back in 4 years? How can I stop them from haunting me in 4 years if they refuse to answer my letters now.
2007-10-22 11:31:04 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
Most likely they sent it to an collection agency. And yes, it will haunt you for up to 10 years.
2007-10-22 12:34:29 · answer #1 · answered by Anonymous · 1⤊ 2⤋
It's possible that they cannot validate the debt and have ceased collection attempts or that they are selling the debt to another collector.
If you sent the request within the first 30 days from their first contact with you, they must cease all collections (including placing it on your reports or verifying it if you dispute the trade line).
If your request was sent within the first 30 days, etc.... the next collector cannot legally try to collect since the debt is under validation with the first collector.
If you sent the validation request outside of the 30 day time period, and your state statutes allow it, the collector does not have to cease collections until they provide validation. They can legally sell the debt to another collector.
If you are past the collecting SOL for your state, you can legally choose not to pay and send the collector a SOL letter.
Even if you are past the collecting SOL, the collector can still try to collect, unless you send them a SOL letter that contains a cease & desist. They "legally" they cannot sue. If they do file suit on a time barred debt you would have to answer the summons with an affirmative defense of SOL and you also have the right to file a counter claim on them for filing on a time barred debt.
You might click on my profile and click on the last link listed to find the SOL for your state. If you are out of SOL you can find SOL letter templates to send to the collector. The link is to a credit discussion board and it is totally free to read, ask questions and use the sample letters.
2007-10-22 11:54:54 · answer #2 · answered by echo 7 · 1⤊ 0⤋
When a debt collector stops sending you letters, they are sending your account to a new debt collector. This new debt collector will then ding your credit and begin the collection process all over again. They do this again and again until approximately five to seven years go by. I believe the magic number is 7. After 7 years, debt collectors mark the bill as uncollectable and it stays on your credit for another four or five years. They won't keep trying after that.
Also, FYI, you can get these creditors off your TRW and bring your score up by simply disputing the credit collections claim with the TRW Companies.
Hope this helps.
2007-10-22 11:37:48 · answer #3 · answered by E.T. Barton 5 · 1⤊ 2⤋
If they failed to respond to your request for validation, they probably sold the debt to another collection agency.
Has it been 30 days? Send a letter to the credit bureau disputing the item on your credit report. Indicate that the collector failed to reply to your request for validation of the debt.
On down the road, you may hear from another collector. Send them a request for validation. And if they don't respond, do the same thing.
A negative normally falls off your credit report in 7 years from the default date. NOTHING re-starts the clock. If a debt is over 7 years, dispute with the credit bureau as beyond the reporting period. Collectors can still try to collect. They just can't put it on your credit report.
2007-10-22 11:54:05 · answer #4 · answered by bdancer222 7 · 1⤊ 1⤋
Get thier company handle off of the information superhighway. Write then a authorized letter stating that the debt isn't yours, you don't be attentive to the the place abouts of stated debtor and to end all communique and debt sequence tries with you. Telll them interior the letter that any futher touch would be forward on your states criminal expert wide-spread, and you will sue them for $1000 in line with each and every violation as accepted by making use of the truthful Debt sequence Act.
2016-10-07 10:15:21 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Your debt didn't go away. The just sold your account to another collection agency for fifty cents on the dollar.
2007-10-22 13:29:58 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Good question! I wonder the same thing! Let me know when you get a good answer!
2007-10-22 11:39:06 · answer #7 · answered by Razzle Dazzle 5 · 1⤊ 0⤋
yes you can stop this forever, by paying your debt.
www.daveramsey.com
2007-10-22 11:39:05 · answer #8 · answered by jeanniep 5 · 0⤊ 2⤋