12509Re: Stopping debt collection calls and letters
Oct 1, 2006
Typically these third party collectors purchase the debt for
6 to 10 cents on the dollar. You can send a validation letter so they see you
will not just roll over. They do not want to have to go to court and neither do
we as it is risky. We have just made it go away in 2 cases here by offering to
settle for 10 cents on the dollar in the validation request and it was accepted.
It saves us lots of time and it goes away I am sure many here will hate
this response and want to fight but your time is worth something too and
a protracted fight you could lose lasting years is worth avoiding. We are going
to offer $350 for a claim of $4500 to see what happens. We did that in another
case and the collector wrote that they would not pursue the debt and that they
were returning it to the original claimant. We have not heard anything for 7
months. The offer shows good faith and has worked on 2 cases so far.
What if you sent a validation letter and they never responded, however
you receive a summons to court for an alleged debt without validation or
------------ -- Original message ------------ --
From: "Dave Callahan" <nahallac1@comcast.
If you inform the debt collector that you do not owe them this amount,
or any other amount, and this is your one and only notice they will
receive. The fair Debt Collection Act (FDCPA) they may not call you or
write you again except to inform you that they are no longer making
any attempt to collect this alleged debt. They are subject to a
$10,000/day fine. Only the holder in due course has a right to come
after you for an alleged debt. The card issuer sells the paper (Credit
slip to a trust, and the card issuer becomes becomes a collector for
the trust. You may also make a statment that you have no contract with
the Debt collector, or law firm, and they are hereby fired. Depending
on the size of the alleged debt , if it is small enough they may just
go away. Give it a try, and if they continue to harass you post again,
and we'll give you additional info.