Is there a risk of being sued if I choose to go with Debt Validation?

[TNP]

Hello all,

As I mentioned in my other post I have been contacted by a CA for the collection of a large CC debt. I am considering using the debt validation method as a way of easing in to negotiations with this CA but I have some concerns.

Specifically, is there a risk that instead of replying to my request for validation that the CA will simply bypass that step and try to sue me? This new CA is a law firm and this just strikes me as a natural reaction for them.

Also, it has been more than 30 days since the CA first tried to contact me. Can I still respond with a request for validation, or has that ship sailed?

Thanks,

TNP

[nascar]

If it's been more than 30 days, they have no obligation to respond. Will they sue you? Who knows. Depends on a lot of factors.

As for you;

Is this your account? How old is it? Is the amount requested correct? Do you know who actually owns the debt?

[ConfusedToo]

If you have only received one letter from them, chances are they will send another one with the same notice, that you have 30 days to dispute the validity of the debt. I have had this happen several times. And I have successfully DV'd this second notice.

So if you get another one, then DV. Who is the CA? That might help us to anticipate their next move.

Just my experience, others may be of more help. I'm pretty new at this, only into it about a year.

[divemedic]

If they are going to sue you, they will do it whether you DV or not.

[unusualsuspect]

Lawsuits depend on a lot of factors, especially whether or not you have houses, cars and other assets.