My Amex in the amount of almost $14,000 has been charged off. I received a collection letter from NCO Financial Systems, Inc. asking that I dispute the validity of the debt within 30 days. I have to send this in within a week to keep within the 30 day response window. My concerns: 1. What is the next best step if I do not have to money to even settle with them at this time? Should I even settle at all? 2. How quick will they move to attempt a judgment to garnish my wages? 3. I heard that NCO usually has many violations that could hinder their case against me. What are the possibilities of this to be in my favor? Thanks, Meganet3
Validate and then Cease-and-Desist First, send a validation letter. Second, send a cease and desist letter.
Validate and then Cease-and-Desist ***NEW MEMBER MUST READS***** 12-25-3 What is Validation http://consumers.creditnet.com/stra....php?s=&threadid=42188&highlight= validation *** Victims of Credit Reporting *** http://members.aol.com/victcrdrpt/Score.html Rule of 72 http://consumers.creditnet.com/stra...=&threadid=39313&highlight=rule+AND+of+AND+72 Must SEE--------------------------- http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=350770#post350770 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=314910#post314910 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=352826#post352826 """""""""""""""""""""""""""""""""" FixYourOwnCredit! http://consumers.creditnet.com/stra...848&highlight=fix+AND+your+AND+own+AND+credit """"""""""""""""""""""""""""""""""""""""""" '''''''''' `````````` '''''''''' Sample letters http://consumers.creditnet.com/straighttalk/board/index.php?s= WhyChats statute of limitations http://community-2.webtv.net/Y-chat...ity-2.webtv.net/Y-chat/WhyChatsCredit/statute of limitations http://www.edebtnetwork.com/content/collection_laws.asp""""```--~~~~~~~~~--```'""''' THE END ** *** ** LB 59""""```--~~~~~~~~~--```'""''' Don't send a C&D LETTER
Validate and then Cease-and-Desist 1*First, send a validation letter. Second, 2*send a cease and desist letter. hoapres ================ 1* 2*Why should he send a cease and desist letter? ..
