Quote:
Originally Posted by jlynn
I'm going to disagree with Enigma. IMHO, this is a CYA because of the new FACTA laws that require notice by financial institutions to advise you before placing negative information on your reports. They CAN report the account to the bureaus on Day One if they choose. I don't believe this is overshadowing. They can say NOTHING about when they are going to report to the CB's and be within the law.
Is this your first notice? Are there not validation notices on the letter? If the statutory notices are missing, and this is their first communication, and you don't receive the validation notices within 5 days, that's your violation.
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I would agree with you except they conditioned the payment on being received within 30 days, not 30 days from the date Qtip received the notice.
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