crghtnsocr17 Posted May 18, 2005 Report Share Posted May 18, 2005 i recently asked Asset Acceptance to valid a debt that they are wanting me to pay. this is what they sent me...state ment date acct # OCmay 11, 2005 XXXXXXXXXX mbnaname principal interest balanceme 2554.01 540.60 3094.61last transactin date6/17/00and then my personal information.name address and my SS#is this all that they need to send me or is this do they need more.thank you very much!mike Link to comment Share on other sites More sharing options...
breathing_easier Posted May 18, 2005 Report Share Posted May 18, 2005 Not even close. Did you ask for an itemized accounting of all transactions between you and the OC? Proof that the CA was authorized to collect the debt? I see that you're new to the CIC (welcome), so check out the Debt Validation link, above, to see if the DV letter you sent mimics the wording of the letter provided there. If so, then they need to provide all of that information/documentation, not just a reiteration of what they stated in their first dunning letter. Respond to them in writing that their response was not proper validation and that they still must provide you with the documentation/information you requested. Keep in mind that sometimes pressing a CA for validation will prompt them to 1) file suit, or 2) sell the account to another JDB/CA because they know they can't validate. Link to comment Share on other sites More sharing options...
crghtnsocr17 Posted May 18, 2005 Author Report Share Posted May 18, 2005 thanks for the help. and yes i am new to this. it is scheduled to be removed from my credit report on 05-07... should i bother or just let the time run out. i am pretty sure they cant file suit against me b/c the SOL has exprired. but i do appreciate the help. thanks again Link to comment Share on other sites More sharing options...
breathing_easier Posted May 18, 2005 Report Share Posted May 18, 2005 It depends on how anxious you are to repair your credit. If it were due to fall off within six months I'd say just let it go. However, if you have plans to mortgage a house, purchase/lease a vehicle, etc. in the near future then yes, I would recommend disputing it off your reports. You didn't mention in your first post that the debt was beyond your state's SOL (which state are you in?). Also, just because a debt is beyond the SOL doesn't mean the CA can't sue. However, being able to show that the debt is beyond the SOL and that the CA hasn't validated the debt should be a slam dunk defense. If the debt is definitely beyond the SOL then I would be inclined to tell you to write the CA a letter stating that they have not provided proper validation and the debt is beyond your state's SOL, so please don't call, write or send flowers anymore. You need to be very, very certain, though, that the debt is actually beyond the SOL before sending such a letter. Link to comment Share on other sites More sharing options...
crghtnsocr17 Posted May 18, 2005 Author Report Share Posted May 18, 2005 i am in arizona. Just moved here from nebraska. mbna closed the account on 1/2001. i believe the SOL for revolving accts is 3 years in AZ. is this right? They have been calling for a while and i am wondering y they havent sued me yet. Please help.Thanks Link to comment Share on other sites More sharing options...
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