Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
MrsCHargrove

0 Contributions
0 People Helped
How much info does debt collectors have to provide in debt validation letter
I have 2 bad markings on my credit from Midland credit on Verizon & T-Mobile accounts. The T-Mobile account is approx 6 years old & the Verizon account is approx 3 years old. I have disputed the accounts with Experian & have asked Midland for validation of the debt. How much information does Midland have to provide me with? They sent me a letter stating that I owed the 2 above & amount that needed to be collected. They told me that they do not have the original contracts that I signed. Can they still put this as bad markings on my credit?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
1 Person Helped
Most Helpful Response

More than what they sent you.

Helpful to 1 out of 1 people

Here is a great resource that I used to get some bad reporting off of my credit report.

"The collection agency must send you proof that it owns or has been assigned the debt by the original creditor. Verification that you owe the debt and the amount of the debt needs to include documentation from original creditor (you'll receive it from the debt collector, not the original creditor). It is not enough for the collection agency to simply send you a printout of the amount owed.

If the debt collector does not verify the debt within 30 days, it is not allowed to continue collecting the debt from you nor can it sue you or list the debt on your credit report. Should the debt collector list the debt on your credit report, you can dispute the debt with the credit bureau. Sending the credit bureau a copy of your debt validation letter along with the certified and return receipts will help get the account removed from your credit report."

http://credit.about.com/od/debtcollection/qt/debtvalidation.htm

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.