UPDATE!! PLEASE HELP!!

[dezsmama]

I received a letter from Arrow Financial. Here it said:

We have received your request for validation of the above-referenced account.

The Fair Debt Collection Practices Act, 15 U.S.C. 1692 (FDCPA), provides that unless you demand validation of your debt within thirty days of your receipt of our first letter to you (which contained the statutory notice required by the FDPCA), we are entitled to assume that your debt to us is valid and to continue our collection effors.

As of the date of this letter, your current balance on the avvount is $568.56. ARROW FINANCIAL SERVICES LLC purchased your JCPenney Consumer account on OCtober 7 2005. Our records indicate that you opened this account on March 30 2003.

Please be aware that we may continue to contact you regarding this account.

We appreciate the opportinity to assit you in this matter. If you have any further questions or concerns, please feel free to contact us at 800-274-6419.

Sincerely,

Customer Care Department.

What does this mean? This mean we have to pay or what? please help..

[Anonymous]

Hmm. Vague to say the least. It sounds like "Take our word for it - you owe us." Do you owe it? Can you pay it? Might be able to get the PFD. I'm like Tuscani - not a penny without the delete.

[Anonymous]

Not validation in my book either. It also looks like they are saying that you didn't DEMAND validation within the 30 days of first hearing from them.

In your DV did you say that you first found out about them  when you pulled your report or what???

You are not required to demand...

Message Edited by HappyDays on 08-07-2007 09:00 PM

[Anonymous]

Did you send the DV within 30 days of first knowledge?

Message Edited by Timothy on 08-07-2007 09:00 PM

[Anonymous]

If you sent the DV within 30 days of initial notice, send it again.  I just did that for my friend, we received a "statement" showing who the OC was and they think it's validation.  I highlighted the bullet points again and sent it stating "while you sent some evidence of a debt" you have not sent the requested information...which includes original signed contract with OC, and their authority to collect.

It's tricky because some CAs start out stating they are assignee, then the next CA might say they "purchased" the account.  Your report doesn't always say the actual fact either.  My latest report on my own that I'm fighting FINALLY shows debt "purchased".  That just changed.  I have notices from (3) different CAs and one does say that LVNV "purchased" vs. the first CAs notice that they are assignee - since they aren't both, I've reiterated in Court they haven't provided validation.

BTW - their motion was partially granted - that I owe but it's not determined "what" I owe so I need to wrap it up by stating they have never provided sufficient proof of authority, and see what happens.  I offered a penny for each dollar, found the rates on the internet.

[dezsmama]

yes i just found out the debt when i pulled my CR. i sent a DV letter to them on July 21 2007.

[Anonymous]

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dezsmama wrote:

yes i just found out the debt when i pulled my CR. i sent a DV letter to them on July 21 2007.

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ok 30 day for me is up 8/18. Law says...we have 30 days from learning of the debt to send DV to a CA...we did that.... The CA must STOP all collections  reporting,calling sending bills. Everything that might be concidered trying to collect. If they do any of these things THEY are in violation.

They MUST validate before they can do anything.

The letter that you received does not state: owner of the debt, OC dates assigned or bought  it has no information showing that it is yours.

My opinion...it is a bill & nothing more.

send another letter...use yourown words or someome other the me...I stink at wording.

I would not mention anything that they said.  tell them that you received their letter and that they did not send proof that the debt belong to you, just that it someone owed JC Penny.

I have no memory  of this account. in order to validate send:

 complete documentation with signiture and complete account history!

 validation is to be in writting and sent to my home address.

As to your collection activaty, It was to have ceased 7/21/2008 and may not continue until validation is received.Any and all collection activaty after 7/21/2007 I will take as a violation, until you can completly validate your claim!

YOU can also pick apart their letter.....they say that you had 30 days from THEIR first letter....not true.....also you do not have to DEMAND....any notification to them from you is enough...wording doesn't make a differance.

this is just my opinion      look for more input from others

Message Edited by HappyDays on 08-08-2007 03:53 PM