1) I am confused about the SOL for Illinois, even after reading the info on the link provided in the FAQ section. I mostly have various collection accounts, credit card, retailers, bad checks, etc. Does anyone know? Also, although a SOL may be up, wouldnâ??t it be wise to pay it off anyway if I am trying to get a loan? Especially if the 7 year clock isnâ??t up yetâ?¦ 2) When deciding to pay off a debt, and I request validation, how do you know that the printout they send you doesnâ??t consist of made up dollar amounts? For example, if I request validation for a $2000 debt and I get a printout from them listing interest, original amount, fees, etc, how do you verify they didnâ??t simply make up the amounts so it adds up?
Butch, how come you bumped and didn't answer? LOL Bookworm, a computer printout is not acceptable validation. http://www.ftc.gov/os/statutes/fdcpa/letters/wollman.htm There is not a definition of what IS validation, just what is not. You can google for a case Spears v. Brennan. Heavy reading, but near the bottom it explains more in detail what is NOT validation.
Bookworm, a computer printout is not acceptable validation. jlynn ==================== ******************************************************** Here is a good reason it's not acceptable ********************************************************** how do you know that the printout they send you doesnâ??t consist of made up dollar amounts? how do you verify they didnâ??t simply make up the amounts so it adds up? BOOKWORM THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
so if a computer print out is not good, what exactly should I ask them? I know it's a dumb question, but Im new to this.
