What's Next Posted December 10, 2007 Report Share Posted December 10, 2007 Hi,I sent 2 letters asking a collection company to validate the debt they said I owed. The first saying I did not owe that amount and that they needed to validate it (using the great resources on this site, thank you!), and the next because they did not send anything back, just said that I did owe, so I told them they were in violation of... Now, they sent back some statement copies, which is good, and they go from Dec 10, 2004 when I assume I stopped paying, up to March of 2005. This shows I owe $1357, but on the collector's letter they are saying I owe over $2000. So this proves I only owe $1357, right? And if so, what's next in the paper flow to get acknowledgement from them that that is all I owe and start the next process, which would be either buying time for me, or starting a settlement letter process?Thx,What's Next? Link to comment Share on other sites More sharing options...
What's Next Posted December 11, 2007 Author Report Share Posted December 11, 2007 Hi, is anyone there? I've got to make a move here. Wondering what you guys all think...What's Next Link to comment Share on other sites More sharing options...
lovebug5 Posted December 11, 2007 Report Share Posted December 11, 2007 Hi' date=' is anyone there? I've got to make a move here. Wondering what you guys all think...What's Next[/quote']Patience, my dear friend. Patience! Well, it appears as though you have two options:1. Send a letter to the CA requesting how they calculated the most recent balance on the account, including what interest rate they have been charging you and what fees have been associated with this account.2. If you have the funds to offer a PFD, prepare your PFD. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted December 11, 2007 Report Share Posted December 11, 2007 It means they are getting closer and closer to proving the debt is "more likely your than not", which is the standard burden for the plaintiff. The extra money could be incurred interest, which they may or may not be able to collect on (depending on what's in the contract). Link to comment Share on other sites More sharing options...
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