How long does an attorney have to get you back verification for a debt?

Question

I recently recieved a letter stating I owed a sum of money to a attorney office for a debt that they must have bought from an old credit card I had. I thought my credit problems were taking care of , so I followed what the letter said and ask for written verification of the debt within 30 days. It has been now nearly 3 months and I havent heard anything yet. How long do they have before they can back to me. If it is a debt I want to pay it and stop acruing interest. Any help in this matter is greatly appriecated!

Answer 1

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Answer 2

If you disputed the debt within 30 days of receiving their letter, they cannot take any collection activity (including posting to your credit report or verifying any accounts already posted) until they validate the debt.

Unless you live in Texas, they do not HAVE to validate the debt unless they want to continue their collection activities.

Answer 3

Even if the letter came from a lawyer, it was probably another collection agency.

Did you sent a certified, return receipt letter?  You should have request VALIDATION to include the name of the original creditor, date of first deficiency, date of last payment, detailed statement of account showing fees and interest separately, and copies of contracts or other documents proving the debt was yours.  Specifically give them 30 days to respond.  If you don't hear back, it means they can't validate.

Do you have any idea how old this debt is?  Did you check your credit report (AnnualCreditReport.com) to see if it's on your file?

Derogatory items fall off your credit report 7-12 years from the date of first deficiency.  If this item already aged off, it shouldn't show up on your credit report again.

The Statute of Limitations (SOL), the timeframe to bring lawsuit, varies from state to state.  But generally starts from last activity or last payment.  Check here for your state:  http://www.fair-debt-collection.com/SOL-...

If the debt isn't showing up on your credit file, is beyond the reporting period and SOL, don't worry about it.  Old debt keeps getting sold till it gets to the zombie collection agencies.   Often they do skip trace for anyone with a similar name.  It could be the debt isn't yours at all.

Answer 4

get a copy of your credit report then dispute it