Jason Posted July 9, 2007 Report Share Posted July 9, 2007 Is it legal for a collection agency to say they will send verification when they receieve the information? I sent a debt validation letter and they replied they will get back to me when they receive information. Can they take longer than 30 days legally?The FDCPA states they have 30 days. Link to comment Share on other sites More sharing options...
Master Debator Posted July 9, 2007 Report Share Posted July 9, 2007 i believe they can take longer, but would have to remove the TL until they can get the proper validation informationhave you disputed with the CRAs, and was it verified already with this CA? Link to comment Share on other sites More sharing options...
Jason Posted July 9, 2007 Author Report Share Posted July 9, 2007 I disputed with the credit report agencies. They said it remains on file. What is TL?Thank you for your replies. Link to comment Share on other sites More sharing options...
Master Debator Posted July 9, 2007 Report Share Posted July 9, 2007 well if they said it remains on file that likely means that this CA verified it, check with the CRA, if that's the case, you can send the CRA another letter (MOV) saying the CA has not validated the info with you within the 30 days a d says they dont have the information to validate it, you can even send a copy of the CA letter your recieved to the CRA, they should remove itTL = Trade Line = an account being reported to the CRA Link to comment Share on other sites More sharing options...
Jason Posted July 9, 2007 Author Report Share Posted July 9, 2007 Incredible. Thank you for your help! Link to comment Share on other sites More sharing options...
willingtocope Posted July 9, 2007 Report Share Posted July 9, 2007 Whoops...hold on. The FDCPA give YOU 30 days to dispute or the CA can assume its valid. The CA can take as long as the like to respond to your dispute as long as the mark the TL "in dispute" and cease all collection activity until the get the information. Link to comment Share on other sites More sharing options...
Jason Posted July 9, 2007 Author Report Share Posted July 9, 2007 Thank you! Great answer! Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted July 14, 2007 Report Share Posted July 14, 2007 I think you are missing one other thing. The FDCPA says they have to validate within 30 days or cease collection activity, including reporting to the CRA's, but that's contingent on a TIMELY DV. Link to comment Share on other sites More sharing options...
nascar Posted July 14, 2007 Report Share Posted July 14, 2007 I think you are missing one other thing. The FDCPA says they have to validate within 30 days or cease collection activity, including reporting to the CRA's, but that's contingent on a TIMELY DV.This gets turned around frequently. They don't have 30 days, you do. The debt collector is under no time contraints whatsoever; but, they are required to cease collection activity until validation is provided. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted July 14, 2007 Report Share Posted July 14, 2007 This gets turned around frequently. They don't have 30 days, you do. The debt collector is under no time contraints whatsoever; but, they are required to cease collection activity until validation is provided.Oh yeah.. I see that.. LOL yeah, the consumer has 30 days to dispute the debt and the collector must cease collection until they validate.. Hmm.. good to know. Link to comment Share on other sites More sharing options...
divemedic Posted July 14, 2007 Report Share Posted July 14, 2007 That brings us to the essence of the 1-2 punch.The CA must cease collection upon receipt of a consumer's timely DV. Reporting to the CRA's is collection activity.So, as soon as you can prove that the CA has received your DV letter, you dispute the collection that is on your report. The CA must investigate and respond with the results of the investigation within 30 days. If they do not, the CRA must delete the tradeline.Since the CA is prohibited from collection activity, and responding to the investigation is collection activity, they must allow the delete, or they have violated the FDCPA.In addition, responding without marking the tradeline as "in dispute" is also false information, a violation of the FDCPA, and a violation of FCRA 623(. Link to comment Share on other sites More sharing options...
Jason Posted July 23, 2007 Author Report Share Posted July 23, 2007 Thanks Nascar! Thank you John also. Link to comment Share on other sites More sharing options...
sagamiono Posted July 23, 2007 Report Share Posted July 23, 2007 How long after the CA receives you DV letter should you see any action on you CR? Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted July 24, 2007 Report Share Posted July 24, 2007 How long after the CA receives you DV letter should you see any action on you CR?Since there is no time stamp on how long it must be, I usually give it 30 days, then I go from there. Link to comment Share on other sites More sharing options...
Jason Posted July 27, 2007 Author Report Share Posted July 27, 2007 Thanks divemedic! Link to comment Share on other sites More sharing options...
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