Validation questions, clearing up confusion
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Posted by down and out
(216.129.249.247) on September 11, 2003 at 16:06:58:
After reading what Scott said to Bill G in the thread "suggestions please", I am totally confused. What is the sense of sending the validation letter if you are nowhere close to the sol and you know the debt is yours? If the OC sells the debt to a CA and the CA has the right to sue you it would seem cut and dried that either you pay or get a judgement against you. If you are judgement proof then the CA spends money for basically nothing but a sheet of paper, if they can get something out of you they win. Is the point of the validation letter to catch them up in their own red tape, that being that most can't supply the legal contract that a person signed with OC. Don't they get that contract when they buy the debt so they have all they need in your case file if you do ask for validation? Overall what I can't figure out is this: why would any business that is in the collections game not have this contract to use against you to get the money out of you? They have to see that this is the key to their getting the money so shouldn't I expect that I am just going to have the proof thrown in my face when I try to get them to validate, then they come after me no holds barred. I am wondering, correct me if I am wrong, that these CAs like Sherman buy these debtors accts for next to nothing, if they had to pay too much for them it wouldn't be feasible to buy them, right? So if you said to them, I would like to know what you bought the acct for and I will pay you that why wouldn't they jump on it, especially if you don't have anything worthwhile for them to get. Another question, (and yes I know this is long and most likely infuriating to those who understand this), is why do they say that they will either send verification of the debt or mail you a copy of a judgement? If they have a judgement on you wouldn't you already know this as to have a judgement they would have had to serve process on you and then go to court to get a judgement? Do they sue you in the state they or the OC is in, then mail you that judgement, or do they have to come to your home county and sue you locally?
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