please help a newbie

Discussion in 'Credit Talk' started by shipdapape, Jul 28, 2014.

  1. shipdapape

    shipdapape New Member

    ok so im new at all this and not sure how to properly pay off debt that is legit.

    1) I want to pay in full to all CA that I owe...but I have read that its bad to pay over the phone....(because they could steal from you)...How do I go about paying

    2) Do I need to get anything in writing if im paying off the debts in full?

    3) Is It a bad idea to call the CA?

    4) If you do call the CA and ask for a deletion from your CR for full pay and they decline...should I hang up and try a different person with the CA?

    Thanks for your help...im sure I will have more questions later
     
  2. jam237

    jam237 Well-Known Member

    1) Even if you want to pay in full, you should go through the validation process.

    Validation should show not only that it is your debt, which you believe that it is, but also that the amount of the debt is 100% complete, accurate and verifiable. That includes that there are no fees included that are not allowed by either the contract, or your state law.

    2) If you don't have something in writing, you have nothing to prove it, if they try to deny it.

    3) Unless you are better at using the phone as a weapon against them, as they are at using a phone as a weapon against you, phone is highly recommended to be avoided. UNLESS YOU HAVE IT IN WRITING, IT NEVER HAPPENED.

    4) See # 2 & 3. :)
     
  3. jam237

    jam237 Well-Known Member

    Let me give an example of #1, that can really be tricky.

    A company's contract gives them the right to charge usury interest rates. Your state's law however, renders their contract's interest provisions null and void because of license and bonding requirements.

    DSDA Inc submits the account to DSDA Collections to collect the full amount that they allege due under the contract, including all fees, and interest, when you take into account the usury interest rate already paid, you actually already OVERPAID by $3,000+ almost 3 times what DSDA Inc is claiming that you owe them.

    If you blindly paid DSDA Collections, you would have OVERPAID 4 times over on a debt that was invalid when it went to collections.
     
  4. shipdapape

    shipdapape New Member

    thanks for your wisdom

    so as far as doing the validation... is there any guide to how to do this?
    Is the DV a long process? I have 6 debts I would like to clear up.

    Thanks for your time Jam
     
  5. jam237

    jam237 Well-Known Member

    A validation letter can be as simple as "I want to know what you are talking about?"

    Case law has more often talked about what validation isn't than what it is.

    There is a thread which is called "What is Validation" which has a very good discussion on validation.

    Once they've received the validation letter the time is only the time that it takes them to respond to the request after obtaining the validation from the original creditor.
     

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