I have a question in regards to CA and their process of debts. when a CA recieves a new acct do they have PP right away to pull a hard BEFORE sending any communication to the consumer ? (such as the initial 30 day dispute/ collection letter) if this is the case and the CA assumes the debt is valid but later finds out it wasn't the damage is already done to the consumers score how can that be repaired?
Yes... They have a Collection Purpose from the second they get the account, until the second that they receive the validation request... Then they can't do any collection activity until after they have obtained AND MAILED, but then they have a Collection Purpose once again as soon as they have mailed the validation response.
This is why you can have CA Inquiries for CA's who have never contacted you, and only quick flipped the account after looking at your CRA files to determine how 'collectable' you are.
