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After I stopped paying a CA, then what?
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Posted by cs
(12.147.195.3) on June 01, 2004 at 13:41:11:
I was paying a CA for about a year on a charged-off account from Chase from June, 1998. I stopped paying the CA after I learned by rights (sure wish I would have found this out earlier) I send them the debt validation letter. Their response that was since I have paid them money (almost $1,000) and that this debt was included in my bankruptcy in 1999, I took ownership of it and that it was still valid. Finance charge will continue and reporting on my CR will show derogatory until this is paid in full. They claim no affiliation with Chase, but Chase's name is plastered all over the collection letter. The CA is listed on my credit report as being purchased in December, 1998.
Any advice on what to do next??? Thanks for all your help! Incidentally, I live in PA...the CA's address is Kansas.
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