Counseling Debt Reduction
Debt Counseling Guide
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Beware: 7 Debt Consolidation Mistakes You Must Avoid
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Hot: How To Find Free Debt Consolidation Services
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Can You Consolidate Without Damaging Your Credit Score?
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Revealed: Which Is Better--Consolidation Or Bankruptcy?
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Pravda posted: 14 Jul at 10:36 am
Sound perfectly clear to me that you understand your consumer right to dispute an inaccuracy on your credit report. You are on the right road so best of luck!
oh, if you need more help then visit my profile!
firsttimehomebuyer posted: 16 Jul at 8:25 am
dispute the info w/credit bureaus on your own for FREE. they will investigate and creditors must respond and validate the debt or the debt is taken offf your account. Debt consolidators charge alot of $$$ and do what you can do yourself. research the credit repair issue on the internet and you’ll receive lots of great tips on repairing it yourself. Good Luck.
Studly posted: 19 Jul at 11:20 am
No, you don’t have it quite right.
The creditor does not forfeit their claim to a debt if they don’t validate it.
BUT!!!!! You need to read the law. I posted the section below.
Until the collection agent PROPERLY validates this debt, they are forbidden by law from “collection of the debt”. That means they can’t post to your credit report, harass you, or even file a lawsuit!
If they do, they are in violation of the FDCA and you can file your own lawsuit against them for $1000 plus your costs, legal fees and damages.
There simply is no reason why a collection agent can not properly validate a debt within 30 days. After all, if they plan to sue you, they need this information before they can go to court. It’s called “disclosure” and they are required to turn over all of the evidence they have to prove you owe this debt.
If they can’t supply it, how can they possible file and win a lawsuit?
So at this point, if they are over 30 days and have yet to validate it, you need to send them a second demand letter (certified/return receipt) and inquire why they failed to follow the law. This is important because they may have sent the info, but to the wrong address….or they can always fall back on the “lost in the mail” excuse. A second letter puts them on notice you haven’t received it, and next time maybe they should send it by registered mail???
Remember, collection agents depend on your lack of knowledge in the law. Read the Fair Debt Collections Act and know your rights!
Daves posted: 22 Jul at 4:08 pm
You should use “Credit Solutions” to settle your debt.They managed to reduce my debt up to 58% and improve my credit score.Legitimate as I came accross this company on NBC News Special Edition: