Reply
Member
Posts: 14
Registered: ‎11-06-2012
0

Re: Can an OC charge me 25 dollars to validate my debt?

Its a 561 dollar debt. And since its past the SOL hopefully I can try and settle with them. Its the OC, its not been sent to a CA for whatever reason. Just really rubbed me the wrong way when they said I had to pay 25 dollars to even get a statement at all. It just sounds insane to me. Thank you all very much for all of your help with this.

Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Can an OC charge me 25 dollars to validate my debt?

So they wanted $25 dollars for you to pay the bill?  Sounds fishy to me.  Direct dispute them, make them pull it out of archive.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Member
Posts: 14
Registered: ‎11-06-2012
0

Re: Can an OC charge me 25 dollars to validate my debt?

Yeah. The lady told me they will not send me a single statement until the fee is paid. I guess because they are the OC they can if they want to it just sounds wrong on so many levels.
Mega Contributor
Posts: 19,112
Registered: ‎03-19-2007
0

Re: Can an OC charge me 25 dollars to validate my debt?

Being a creditor, they are not subject to the FDCPA debt validation process, and thus any request to them for verification is a request for personal service.

 

Direct dispute is certainly an option, however to require investigation, it would have to provide some basis for asserting the invalidity of the debt.

Unlike the DV process, which does not require documentation of any inaccuracy, the dispute process permits the furnisher to dismiss any dispute that does not meet the burden of asserting an actual inaccuracy.  Disputes are not fishing expeditions that compel investigation of unasserted inaccuracies.

Community Leader
Senior Contributor
Posts: 4,819
Registered: ‎03-06-2010
0

Re: Can an OC charge me 25 dollars to validate my debt?

ummm, I wonder if they are asking for the $25 to reset the DOLA so the SOL starts again? IDK, just thinking out loud, but it seems very strange they would ask for $25 to pull out the info on an old account. That would be a pretty dirty trick IMO.

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.