Collections....

[hunter00]

What is the name of your state? VA.

I've seen on this board that you should send a validation letter to the CA's. Could you tell me what benefit these letters have??? And where could I see a sample letter?

Thanks in advance for any help....

[Ladynred]

There are several 'benefits' to a DV letter.

First, if the CA is abiding by the FDCPA, ALL collection activity must stop once they receive your DV letter.

The account MUST be marked as 'in dispute' with all 3 CRA's

It forces the CA to prove that the debt is yours and they can't just send a printout of what they already have, it has to be a full accounting of the amount they claim you owe PLUS a signed agreement or contract showing your signature.

If You're still within your State's SOL, then validation can have the effect of at least stalling collection activity and possibly a lawsuit.

IF they cannot validate, they MUST cease all collections and they must remove any and all tradelines they've entered on your credit report.

You can find sample validation letters at [url]www.creditinfocenter.com[/url] and on [url]www.creditnet.com[/url]