Hi, a bit of a newbie per se... My question is what is the proper way to count the 30 days? is it 3? business days, 30 days regardless of weekends n holidays (like regular bills) or 30 days but adding on time for any holiday periods. I know to allow for mail delays and once they recv it (provided I have a cert mail receipt) start count. ex. ca recvs letter on june 1st by my count they have until july 1st but I wld give until approx July 5th due to mail sys Am I right by my example?
Collection agencies or credit reporting agencies? Collection agencies do not have to respond in a certain time period (unless you are in TX), you r July 1 +5 is good for CRAs. The statute says 30 days, not 30 business days
Texas law is more consumer friendly you can go to the State website and check the law's for debt collection.
In Texas a collection agency must simply notify the debtor within 30 days including the validation as required, or simply telling the debtor they need more time.
It changes nothing for cra's and they can take up to 45 days if they deem the dispute is derived from a free report.
oh ok. thx it mks more sense now. I used to be in Ilinois so they are a little different . I like tx laws
And if they don't include validation, and they are reporting, they must "change the item in the relevant file as requested by the individual" - that is why you always include in a TX DV a request that they delete the info from your reports.
Look up Texas Finance Code Chapter 392. Its your best friend when it comes to debt collection in Texas.
They also do this if they feel like it...trust me, my disputes from my 100% paid for reports were still being investigated 40 days out.