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Collections Law/Reply to validation of debt letter
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QUESTION: I received a letter from the credit agency that's claiming I owe a debt to them. I sent them a validation of debt letter and in return they sent a letter back stating the name of the original creditor, the date that the account was supposedly opened, an amount for interest accrued since the date of purchase and the amount for which they purchased the debt. This doesn't prove that I owe anyone. What should be my best course of action?
ANSWER: Dear Sabrina,
Thank you for your question.
The documents in your possession satisfy the requirements of debt validation. If your wrongly accused file suit against the agency and the debt collector. If the debt is valid, offer them a lump sum and request in the terms the account removed from your credit bureau.
Good Luck
Ontrack Financial Group llc
---------- FOLLOW-UP ----------
QUESTION: This particular debt is not on my credit report, they just started calling me out of the blue. I'm not familar with have a line of credit with the said company that they claim I owe a debt.
Dear Sabrina,
1. Please order a copy of all three credit reports. A creditor may report to one and not the other two.
2. Contact the agency and make sure they have the correct person. The social security # should match.
should you need further assistance Please contact me at
888-68-ONTFG ext 8013
Mike Moore
Ontrack Financial Group llc
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Answers by Expert:
Ontrack Financial Group llc
Expertise
With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process. Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint. Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.
Experience
Please read about us at Https://www.OntrackFinancialGroup.com
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Banking & Finance
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