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Debt Validation


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Posted by hct (66.140.12.121) on March 07, 2004 at 12:42:34:

I have read some recent postings regarding debt validation on this message board. All seem to be negative. Would someone mind clearing up a few questions?
1) Why is debt validation a bad thing to attempt if debt is within SOL? I assume if its something you know you owe and you are trying to just clear it from your credit report it would be a bad thing?
2) Is there a certain time period that the CA must adhere to when sending responses (i.e. 30 days)
3) Is it tru that a CA cannot sue until they validate the debt?
4) Must the CA send you what was requested in the validation letter, or do they just send whatever they have and ignore the request.

Here is my background...got a letter from a CA asserting that I owed a company apprx. $760. I never opened an account with the OC, and therefore I have no invoices, bills, etc. Nothing has shown on my credit report regarding this alleged debt, so Im not sure when the SOL is up. To make things more interesting, I have recently found that I was a victim of credit fraud, think this might be a similar case. Anyway, I sent a validation letter to the CA (from a link from WhyChats website) on Feb. 9 of this year. I have yet to hear back. I am in Texas, and the CA is Er Solutions of Washington... I have the money to settle, but I wont send a penny unless they prove its my debt, which I dont think they can.

I am open to any thoughts you guys (and gals) might have.


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