Thursday, January 13, 2005
What does the 30 day validation period mean?
Bill Bauer CEO of CREDITWRENCH has stated:
This is entirely inaccurate. The collection agency may proceed with collection activity, credit reporting, come to your house, they may even file a lawsuit against you during the 30 day validation period. Unless they have been notified by you during this period that you dispute the debt and request validation, they can continue with whatever collection activity they desire.
CREDITWRENCH stating that the collector may not proceed with collection during the 30 day validation period is false and misleading.
"What it means is that the collector may not proceed with collection during that 30 day period"
This is entirely inaccurate. The collection agency may proceed with collection activity, credit reporting, come to your house, they may even file a lawsuit against you during the 30 day validation period. Unless they have been notified by you during this period that you dispute the debt and request validation, they can continue with whatever collection activity they desire.
CREDITWRENCH stating that the collector may not proceed with collection during the 30 day validation period is false and misleading.
