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Hello,
I have been a lurker for a while and come to trust a lot of the information that I have seen on these boards. So far my score has been improving and I am still going.
With that intro out of the way here is my issue...
Last month I got a call from a debt collector regarding an old bill that was assigned to them in 2003. I recognized the name of the original company and know I was a co-signer on an account and it probably is valid. With that in mind I made a payment of $100 on a $3500 due account. ($1800 principal $1700 interest) At the same time I requested a receipt be mailed for my payment along with a copy of the account details.
What I was looking for was confirmation in writing that they owned the debt, what the interest rates are, principal/interest breakdown etc. What they were able to send was a short 1 paragraph letter stating my balance is $3400 with a handwritten note to the side noting my $100 payment. This was after 3 phone calls. The agent I am working with has offered to provide anything via phone, e-mail, or fax but for some reason can't send it in the mail. This just doesn't "feel" right anymore.
What type of information is the debt collector legally required to provide me with? Now that I made a payment and am starting to question the validity of the debt did I do more to screw up my report? Should I contact the original creditor who according to the debt collection agency has written it off?
Any advice or links to find this information will be very helpful.
-Aaron in AZ