Hello, I recently sent a debt validation letter to a collection agency who is trying to collect on my Bank of America credit card. I had asked for an agreement with B of Am. and the collection agency of their right to collect on the debt, along with the original contract with my signature, and complete payment history on the debt. What I received back were copies of 2009 statements from B of A from this account. Do I have to accept this as validation of the debt. There are more than just a year's worth of statements on this account. There was no signed contract or anything about their right to collect the debt on behalf of Bank of America. I had previously been making payments to another collection agency up until September. When I sent them a letter saying I wanted to only be contacted by mail and not by phone they refused and sent the debt on to this most recent company. It does appear the the payments I made to the first collection agency were sent to Bank of America so the collection agency does not appear to own this debt. Any suggestions on what I do next? I don't think a year of statements validate the debt, but I don't know what my next step should be. Thanks.
Virtually all credit cards come with assignment clauses, where you consent to the assignment of your debt to a third party in the event of delinquency.
I understand the assignment clause, but shouldn't there be something that verifies that this CA is the one assigned to collect on my account? When this first began I had 2 different Collection Agencies calling me trying to collect on this same debt, both saying they were the company legally collecting for Bank of America.
