First, a quick update...
I've gone months without making payments on nearly a dozen accounts that total in the six-figures. One is still current due to cross-collateralization and my desire to keep using vehicles and avoid reposession. Most of the others have been delinquent since the beginning and a couple recently became delinquent.
All have been turned over to third-party collection agencies and many have been turned over to more than one collection agency. A good chunk of the accounts are now placed with attornies and one has already sent an "Intent to Sue" letter.
We've got ongoing medical bills and expenses and we're trying to put as much of that behind us as we can before filing. I don't know if we'll make it another month this way but I still need to try.
It's not real clear but I'm convinced that a couple of accounts have been sold to junk debt buyers. I've already made a Debt Validation demand when I received the "Intent to Sue" letter to send the message "I'm not going to make default judgement easy so you shouldn't even try."
I also intend to send Debt Validation demand letters to the accounts that appear to have been sold to junk debt buyers. The confusing part for me is how the junk debt buyers have hired third-party collection agencies of thier own.
I'd like to demand proof of ownership of the debt in my validation letters but I can't figure out the wording of the demand. I know how to demand the name and address of the original creditor and I know how to demand proof of complaince with my state's laws governing debt collection companies.
What exactly am I demanding when I want proof of the ownership of the debt?
I've gone months without making payments on nearly a dozen accounts that total in the six-figures. One is still current due to cross-collateralization and my desire to keep using vehicles and avoid reposession. Most of the others have been delinquent since the beginning and a couple recently became delinquent.
All have been turned over to third-party collection agencies and many have been turned over to more than one collection agency. A good chunk of the accounts are now placed with attornies and one has already sent an "Intent to Sue" letter.
We've got ongoing medical bills and expenses and we're trying to put as much of that behind us as we can before filing. I don't know if we'll make it another month this way but I still need to try.
It's not real clear but I'm convinced that a couple of accounts have been sold to junk debt buyers. I've already made a Debt Validation demand when I received the "Intent to Sue" letter to send the message "I'm not going to make default judgement easy so you shouldn't even try."
I also intend to send Debt Validation demand letters to the accounts that appear to have been sold to junk debt buyers. The confusing part for me is how the junk debt buyers have hired third-party collection agencies of thier own.
I'd like to demand proof of ownership of the debt in my validation letters but I can't figure out the wording of the demand. I know how to demand the name and address of the original creditor and I know how to demand proof of complaince with my state's laws governing debt collection companies.
What exactly am I demanding when I want proof of the ownership of the debt?
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