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Creditor did NOT Validate within 30 days.

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Senior Contributor

Creditor did NOT Validate within 30 days.

For My Sister:

 

Dear XXX XXXXX

 

Thank you for your letter rec. by our office on March 8, 2011, regarding the above file.  Below please find verification

 

Date Verified JUNE 23, 2011

Amount of Debt:  Balance $856.33

 

Creditor:  Ge Money Bank

 

~~~~~Request for validation was March 8, 2011.  Letter is dated June 23, 2011.  That's over 90 days!!!  What is the next step?

 

Thanks!!!!

Message 1 of 7
6 REPLIES 6
Super Contributor

Re: Creditor did NOT Validate within 30 days.

LAWYER!
Message 2 of 7
Valued Contributor

Re: Creditor did NOT Validate within 30 days.

You will get more answers to this question in the Gereral Credit Topics Forum.

 

Best of Luck!!


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Message 3 of 7
Established Contributor

Re: Creditor did NOT Validate within 30 days.

I believe there's no requirement to validate within 30 days, it's just that if they don't validate within 30 days they have to cease all collection activities until they validate.

Message 4 of 7
Senior Contributor

Re: Creditor did NOT Validate within 30 days.


@fishbjc wrote:

For My Sister:

 

Dear XXX XXXXX

 

Thank you for your letter rec. by our office on March 8, 2011, regarding the above file.  Below please find verification

 

Date Verified JUNE 23, 2011

Amount of Debt:  Balance $856.33

 

Creditor:  Ge Money Bank

 

~~~~~Request for validation was March 8, 2011.  Letter is dated June 23, 2011.  That's over 90 days!!!  What is the next step?

 

Thanks!!!!


Stan_The_Man is correct, of course.

 

Under the FDCPA, no CA is obligated to respond.  The only thing they have to do is no attempt to collect until they do.

IAALBNYL
Message 5 of 7
Moderator Emeritus

Re: Creditor did NOT Validate within 30 days.


@stan_the_man wrote:

I believe there's no requirement to validate within 30 days, it's just that if they don't validate within 30 days they have to cease all collection activities until they validate.


The only exception to this is if you live in the great state of Texas. Then a CA must answer a DV within 30 days.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Message 6 of 7
Senior Contributor

Re: Creditor did NOT Validate within 30 days.


@MarineVietVet wrote:

@stan_the_man wrote:

I believe there's no requirement to validate within 30 days, it's just that if they don't validate within 30 days they have to cease all collection activities until they validate.


The only exception to this is if you live in the great state of Texas. Then a CA must answer a DV within 30 days.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".


 

I wish Texas would teach the US government how to do that.  I've always thought it underhanded that a CA doesn't have to respond to a DV and can just sell the debt to an endless stream of other CAs. 

IAALBNYL
Message 7 of 7
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