First let me give you guys a refresher on what has happened here: http://consumers.creditnet.com/straighttalk/board/showthread.php?threadid=51265 Also see earlier Palisades attempt at validation: http://consumers.creditnet.com/straighttalk/board/showthread.php?threadid=47225 Now I have been busy so I am just now getting back to trying to get this all strait... Here is a mixture of a Settlement letter I found here on CN and in the second paragraph I go over what I will do to them if they refuse (ITS). Let me know what you think, by the way only reason I would offer money to setltle this is cause it was a car loan, I still have the car (in storage since 98) and I wish to get rid of storage facility (since I have new house with garage it is no longer needed). Here it is: Date: Creditor Address City, State, Zip Re: Account Number Dear Sirs: This letter is an offer to amicably settle the above account or give you notice of the court action to follow. It is not to be construed as an acknowledgment of my liability for this debt in any form. I have tried to obtain validation of this debt from your company: On 4/23/03 I sent a request for debt validation to you, it was picked up on 4/28/03 On 05/13/03 you placed a hard inquiry on my Experian credit report, which is considered furthered collection activity and a violation of the FDCPA to which the statutory fine is $1,000.00. You sent me a letter on 5/14/03 requesting â??additional informationâ?, I am not required by the FDCPA or the FCRA to give you more information, these laws restrict your collection activity that you have blatantly ignored. I placed the account in dispute with Equifax on 05/07/03. And you verified this debt with Equifax before sending validation to me. How could you do this without having received the â??additional informationâ? that you requested from me? This is also a violation of the FDCPA (another $1,000.00). By law you have to send adequate validation to myself before validating or otherwise reporting the debt to the credit agencies. The actions done by your company show proof of your total disregard for the laws governing your industry. I am going to make a settlement offer in order to try to settle the above referenced account This is done only as a way to try and avoid legal fees. If you do not accept this offer I will understand that it will be time to file suit. I will pay your company the amount of $616.75 as full settlement of this account. If you accept this agreement, I will send you a money order or certified cashiers check for the settlement amount of $616.75 in exchange for a full deletion of all references regarding this account from my credit profile and full satisfaction of the debt. This agreement is binding and will be void should you not hold up to your end of the agreement. Furthermore the debt will be deleted from my credit profile at all three credit bureaus or the bureaus your company has reported it to in the course of doing business. If you agree to the above, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order or cashiers check in the amount stated above. Notice: This agreement is restricted. This is not a renewed promise to pay but rather a restricted settlement offer only. By signing below, you agree that the debt has not been renewed nor has any concrete written agreements been exchanged. Creditorâ??s Authorized Signature: _____________________________ Date:____________ Name Title : Sincerely,
