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Debt is validated, now what ...

Wed Jun 18, 2008 04:06PM | By Tony

See more in Debt Relief | Permalink | Email | Comments (0)

Q: I requested debt validation a month ago and just received a photocopy of the original signed agreement from the original creditor as well as copies of all statements showing late payments, statements with over-the-limit evidence and even bounced payments due to insufficient funds. I have two collection agencies after this debt - almost $12,000. Is there anything that I can do?

A: You can do two things - do the right thing and pay or try to get a lawyer who may or may not find some loophole. I would pay.

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