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Tag Archives: Debt Validation

Company is Chasing Me for a Debt I Don’t Owe. What Do I Do?


Question: Dear Steve, Back in December of 2014 I received an email from a company stating that I owed them $990.68 for a debt that I know I don’t owe. They state in their email that they put my social security # into their National Database checking system and said that I was never charged with fraud. I emailed them ... Read More »

    Chase Bank in Deep Shit Over Bad Debt Collection Practices


    Over half a million consumers just caught a break with help from the Consumer Financial Protection Bureau. It appears the CFPB has taken tough action against a major bank for basically screwing over consumers who were being forced to pay debt they rightfully should not have had to. The CFPB Says… Today the Consumer Financial Protection Bureau and Attorneys General ... Read More »

      Debt Buyers Keep Selling My Debt And I’m Being Sued

      kiten hiding

      “Dear Steve, I recently attended at Case Conference Meeting at my local courthouse for an old credit card debt and judgement. Prior to the conference I contacted the attorney (listed on court docket) representing the debt buyer and was informed the attorney no longer represented the firm and it now with a new debt buyer. At the meeting an attorney ... Read More »

        I’m Being Sued Over an Old Debt I Don’t Recognize. What Do I Do?

        Fight Back - Red Button

        “Dear Steve, Some debt collector has been contacting me by phone about an old debt I know nothing about and saying I am going to miss my court date in a state I have not lived in for 10 yrs. Can they file a law suit if you are not notified in person? Donna” Dear Donna, I don’t think this ... Read More »

          Four Magic Words to Get Out of a Debt Collector Lawsuit

          angry caller narrow

          What I’m about to offer you can be used for good as well as evil so please use this information responsibly. Additionally, I always urge all of my readers to consult with an attorney licensed in their state for legal advice. I am not a lawyer. But over the decades I’ve been helping people with problem debt there is one ... Read More »

            Debt Collection Form Letters to Stop Debt Collectors in 5 Different Situations


            The Consumer Financial Protection Bureau has published five letters consumers can use in certain circumstances to deal with abusive debt collection practices. It is important for consumers to be aware that while these form letters may be helpful, the letters are best used in the right situation and to accomplish a specific task. For example, asking a collector or creditor ... Read More »

              How to Dispute and Ask a Debt Collector to Validate a Debt

              Return Receipt

              If you have been contacted by a debt collector that is not the original creditor or representing the original creditor, I think it would be smart to ask the debt collector to validate the debt and prove you actually owe it if there is any doubt on your part you owe the debt. Many debts were sold to debt buyers ... Read More »

                Can a Creditor Sell My Debt They Can’t Validate?

                Ready to Collapse

                “Dear Steve, Last month I received a letter from a 3rd party collector saying I owed $786.00 on a cell phone account. So I practiced my rights and sent them a letter requesting full validation of the debt. It has been almost 40 days and I never received any letter or documents back showing they owned the debt, could collect ... Read More »

                  Debt Validation Finally Defined. What You Should Ask a Collector or Creditor for to Validate a Debt.


                  So much stuff has been written advising people to get their debts validated. I’ve asked professionals and lawyers all over for a definition of what this actually means and until now, nobody really knew. Was validation of a debt achieved if the lender simply acknowledged an account was present or did it require documentation of all transactions in the account? ... Read More »

                    Defendants In Payday Lending Case To Pay More Than $294,000 For Illegal Garnishment Of Consumers’ Paychecks

                    Defendants in a payday lending case have been ordered to pay more than $294,000 for illegal garnishment of consumers’ paychecks. A federal court has ordered, at the request of the Federal Trade Commission (FTC), one of the individuals behind a payday lending scheme and two companies he controlled to pay $294,536 for illegally trying to garnish borrowers’ wages, and for ... Read More »

                      The Power of Debt Validation in Stopping the Robo-Signing Debt Collector

                      Ready to Collapse

                      The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. In the wake of robo-signing scandals involving home foreclosures across the country come the reports of similar behavior by debt buyers who file court actions in order to collect on delinquent unsecured debts such as unpaid ... Read More »

                        I Can’t Pay My Bills So I’m Thinking About Using Asset Guard to Protect Me From Creditors. – Patsy

                        Ready to Collapse

                        “Dear Steve, Due to taking a cut in pay and not getting any raises for 3 years I started using my credit cards for everyday living. Now, 2 years later I’ve got over $25k in credit card debts and I have no way to pay even the minimum amount each month. I stopped paying my credit cards (about 10 of ... Read More »

                          I Just Received a Summons From a Really Old Debt. – Janet

                          Ready to Collapse

                          “Dear Steve, I have received a summons that I’m being sued for an old credit card I’m not even sure from how long ago the summons just list the name and an amount.The amount is 10,000 I don’t have that to pay or even a reduced amount in a lump sum. My questions are how likely is it that the ... Read More »

                            Consumer Attorney Jason Rapa Speaks Out About the Importance of Validating Debt When Sued

                            Today I’, talking with consumer attorney Jason Rapa from Pennsylvania. We talk about both debt validation and debt collector behavior. Today, bad debt buyers are unable to cough up proof a debt is valid and actually legally collectable but depending on where you live, the inability to validate the debt can’t be relied on alone to prevent you from being ... Read More »

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