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Question
Asked HSBC to verify an old account and all they told me that they had was a payment that was made using a phone service. They stated that the account was open in 2003 and last payment was in 2004. The debt was sold, is this really a good validation?
Ken:
Originally creditors are not bound by the FDCPA and accordingly, they don't have to "validate" old debts. Ask them to verify the debt under the FACTA amendments to the FCRA.
Jason Barnette
Barnette Law Offices, LLC
1800 Hayes Street; Suite 122
Nashville, TN 37203
615-585-2245
http://www.barnettelawoffices.com
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Collections Law
Answers by Expert:
Jason Barnette, Esq.
Expertise
I am the managing member of and a trial attorney at Barnette Law Offices, LLC, located in Nashville, Tennessee. Our firm focuses upon consumer protection cases arising under the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Tennessee Consumer Protection Act.
Experience
Attorney
Licensed to practice before Tennessee state and federal courts
Education/Credentials
Juris Doctor
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