Saturday, April 09, 2005
CREDITWRENCH and the FDCPA Part XXXVII
Today I was having a discussion with CREDITWRENCH CEO Bill Bauer, who recently has been hounded by bill collectors for failing to pay his financial obligations. CREDITWRENCH CEO Bill Bauer's feeling is that he must receive a notice of his validation rights before the collection agency that is hounding him can continue collection activity.
In fact, he felt so strongly about his postion that he was willing to bet money on it. Of course he'd be willing to bet money, because he doesn't have any money to lose. Hence his current situation of being contacted by a collection agency.
The truth of course is clearly stated in the FDCPA. The plain language of section 1692g(a) does not require that a Validation of Debt Notice must be received by a debtor. Instead, the plain language states that such a Notice need only be sent to a debtor.
CREDITWRENCH CEO Bill Bauer's position that the FDCPA requires he receive the Validation of Debt Notice before collection activity can continue is false and misleading.
In fact, he felt so strongly about his postion that he was willing to bet money on it. Of course he'd be willing to bet money, because he doesn't have any money to lose. Hence his current situation of being contacted by a collection agency.
The truth of course is clearly stated in the FDCPA. The plain language of section 1692g(a) does not require that a Validation of Debt Notice must be received by a debtor. Instead, the plain language states that such a Notice need only be sent to a debtor.
CREDITWRENCH CEO Bill Bauer's position that the FDCPA requires he receive the Validation of Debt Notice before collection activity can continue is false and misleading.
