NoMoneyNoHoney Posted October 20, 2003 Report Share Posted October 20, 2003 I am hearing alot of people telling others that they should do debt validation first and debt settlment offer is the last thing. For me I , think that not talking with them for awhile seems like a better way to get them to start to worry. I feel that its better to cut all contact with them for at least 6 months , without also paying a penny. They will start to get concerned about my intentions regarding the debt. Then I will out of the blue call them and try to settle offering a low amount . If they reject , send in a letter with that offer crr. and also a cease and desist letter to stop the phone calls. Then just wait, its their move. If they respond no, send a last chance letter right away and give them a deadline to respond, before you make offer to next creditor. At this point I want them to feel what they will lose if not accepted , another creditor will get the money which they could of had. Then just go on with life and wait. If they still resist, I continue to wait for awhile , then I feel it is the best time to use the validation letter. My reasoning here is , like someone here mentioned how bad they are at keeping records or requesting right documents etc.. If you let alittle time go by and maybe that disorganization will get worse or if it is a collection agency with no paperwork from original debtor maybe chance documents lost or misplaced ,etc. and they cant verify debt. But if you ask for it earlier , they may be able to request it or get it cause it still in its place. My thinking is if you wait till the last moment or use this as the last means, there is a chance that the documents cant be obtained . Time has caused papers to maybe disappear or get thrown away , etc... What do you think on this strategy , does it seem like you have a better chance at them not being able to verify it. Link to comment Share on other sites More sharing options...
kb9tbq Posted October 21, 2003 Report Share Posted October 21, 2003 Well that is a possibility & that is what Debt Settlement companies are doing - but even these companies run into the worse case senario - a creditor not willing to be played with by any means!http://debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=146Here meet Dark04, been following her for sometime, and she ran into that exact problem - and almost did not get the matter resolved. In fact the creditor did get a judgment, was very fortunate to settle with agreement to vacate the judgment. But my point is - that there are creditors that just won't be messed with when they want their money.Another thing is that debt validation does serve its purpose, it allows you to know exactly what your fees are - cause there are some underhanded collection agencies out there that add their own additional fees that were not legal on the debt! So you rather be settling on an amount you know is correct to begin with then letting them jack it up and still get over what you though they should of. Link to comment Share on other sites More sharing options...
NoMoneyNoHoney Posted October 21, 2003 Author Report Share Posted October 21, 2003 Yeah , I totally agree on getting the right amount, and usually they need to be in print and let you know , so any deviation on their part is grounds to sue them for not following the FDCPA , now they wouldn't want risk having someone sue them , would only defeat the purpose.I was talking about employing another strategy with my using the debt validation letter as a later alia for me. I one time remember not using a verification letter just like the debt valid. letter , for former employee to verify some of my documents. But what I did was let some time go by , knowing that he would lose it , throw it away , get purged in the system whatever the case may be. Then I hit him with this request for this info. guess what, he couldn't. This allowed my to win a $15,000 suit against him. So my point is, sometimes you need to be one step ahead of these people and sometime you need to use what they use on us , on them. You can protect yourself alot if your aware of whose coming at you. Thats what i do , look out for numerual uno.Tell if you think this would work. Link to comment Share on other sites More sharing options...
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