Does anyone know if Providian, Capital One and Aspire usually have assignment contracts with the CA? Should I be wary of using a validation letter to a CA who is also an attorney? Also, how do if find out if a CA is licensed to collect in my state? Thanxs.
Well DH's Cap One went to Viking. But I have seen others go to other agencies. I can't tell you if they have some sort of written contract, they have never responded to me LOL. I wouldn't be wary of validating with attorneys. They still have to abide by the FDCPA. First, are you sure a license is even required? What state? In TX, for example, you can check to see if they are bonded (only requirement), by sending an email to the secretary of state.
Large creditors normally have contracts with a variety of collection agencies. Many collection agencies are run by attorneys. It doesn't really change anything, it just allows them to put it on their letterhead to make their efforts seem more urgent. The collection agencies that are not run by lawyers still have them on retainer, so the effect is the same. It's unlikely the person dealing with your validation request is the attorney.
I've gotten several CA notices from various agencies for a Cap1 account. They seem to spread it around. Don't be afraid of validating with an attorney doing collection. The rules are the same. Plus, why would an attorney do collections? Because they need the money.
