4 ms·
If the person owes money the letter should describe how much is owed and what it is owed for.
by not2b 5y ago
If the person owes money the letter should describe how much is owed and what it is owed for.
- irjustin 5y agoPlease link a source for this one. Look, this is a great practice for sure, but we're in the realm of legal now. I looked briefly[0] and couldn't find anything that explicitly that's what you need to do when describing options. The only requirement that I can see they are *required* to do: > furnishes negative information to such an agency regarding credit extended to a customer, the financial institution shall provide a notice of such furnishing of negative information, in writing, to the customer. And it needs to be 30 days. As far as I can tell, this is in good standing FCRA wise. https://www.consumer.ftc.gov/articles/pdf-0111-fair-credit-reporting-act.pdf https://www.consumer.ftc.gov/articles/pdf-0111-fair-credit-r...
- not2b 5y agoSorry, no. You may be "in the realm of legal now", but I wasn't. You fundamentally misunderstand what I was saying. I was not claiming that they were violating a legal requirement, just that they are behaving unethically, and if the rules allow this then new rules are needed.
- irjustin 5y agoAh sorry i thought you were replying to the FCRA violation part of the post.