Urgent

Posted by KiwiLow6518@reddit | studentloandefaulters | View on Reddit | 7 comments

This is my private student loan that is about 10 years old. It has recently been transferred from Navient to mohela. When I call Mohela, I want to ask them to validate if the debt is mine. what do I need to ask them specifically because I have tried to search and I am not sure because I am new to this.

Do I need to ask "can you validate my debt"? Or do you have proof that the debt is mine? Or is there anything more I need to ask?

Basically, how do I go about this. And will it affect my credit score if I go this route. I need to rent a place soon and I need a good credit score for that.

Background: The Sol should have already expired if I had not contacted them, but I made the mistake of starting repayment.. when it was at navient. This was a really scammy internship that I went to, but they don't consider it a scam and I cannot convince myself to pay this debt.

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ProleDBA@reddit

Hello KiwiLow6518,

You can Google sample or template debt validation letters. Here are a few for you to get you started. You do not want to admit to the debt in any way in the letter.

______________________________________________________________________________________________________________________

Debt Validation Letter Example

Re: Account Number

This letter is sent in response to [a letter/phone call] I received on [date you received the letter/call]. I am requesting that you provide verification of this debt.

Please send the following information:

The name and address of the original creditor, the account number, and the amount owed.
Verification that there is a valid basis for claiming I am required to pay the current amount owed.
Details about the age and amount of the debt including a copy of the last billing statement from the original creditor; a detailed explanation of any interest added or payments made since the last billing statement and the legal authorization for this interest; the date the original creditor claims this debt became delinquent.
Whether this debt is within the statute of limitations and how that was determined.

Please also forward details about your authority to collect this debt: whether you are licensed in my state and if so provide the date of the license, name on the license, license number, and the name, address, and telephone number of the state agency issuing the license. If you are contacting me from outside my state, provide the licensing information from your state as well.

Sincerely,

Your Name


{Today's date}{Original creditor or name of the collection agency if the creditor sold the account}
{Creditor address}
RE: {Account, e.g., Citibank Mastercard} account #{full account number}
To Whom It May Concern:
I am formally requesting that you validate all notations you have submitted to the three major credit reporting agencies by {name of the collection agency or original creditor} for me, {your name}, for account number {XXXXXXXXX}.
Due to possible inaccuracies in these credit reports, I lawfully request the debt validation be in the form of a notarized statement by a person with original knowledge of the debt as it was constituted and who can testify that the debt was incurred legally.
Please know that you have 30 days from the tracked and confirmed delivery of this notice to either answer these demands or to remove the associated negative trade line notations from the credit reporting agency reports.
Sincerely yours,
{Your name}
{Address city, State ZIP}

I hope this helps.

[-]

crazeballz@reddit

|| || |{Today's date}{Original creditor or name of the collection agency if the creditor sold the account}| |{Creditor address}| |RE: {Account, e.g., Citibank Mastercard} account #{full account number}| |To Whom It May Concern:| |I am formally requesting that you validate all notations you have submitted to the three major credit reporting agencies by {name of the collection agency or original creditor} for me, {your name}, for account number {XXXXXXXXX}.| |Due to possible inaccuracies in these credit reports, I lawfully request the debt validation be in the form of a notarized statement by a person with original knowledge of the debt as it was constituted and who can testify that the debt was incurred legally.| |Please know that you have 30 days from the tracked and confirmed delivery of this notice to either answer these demands or to remove the associated negative trade line notations from the credit reporting agency reports.| |Sincerely yours,| |{Your name}| |{Address city, State ZIP}|

What's all this?

[-]

ProleDBA@reddit

It was supposed to be a sample letter, but it lost all its formatting. I have had some trouble posting.

[-]

justbeaunicorn@reddit

Wow. Why would you call them? Are the loans still appearing on your credit report?

[-]

ProleDBA@reddit

Hello KiwiLow6518,

You can Google sample or template debt validation letters. Here are a few for you to get you started. You do not want to admit to the debt in any way in the letter.

______________________________________________________________________________________________________________________

Debt Validation Letter Example

Re: Account Number

This letter is sent in response to [a letter/phone call] I received on [date you received the letter/call]. I am requesting that you provide verification of this debt.

Please send the following information:

The name and address of the original creditor, the account number, and the amount owed.
Verification that there is a valid basis for claiming I am required to pay the current amount owed.
Details about the age and amount of the debt including a copy of the last billing statement from the original creditor; a detailed explanation of any interest added or payments made since the last billing statement and the legal authorization for this interest; the date the original creditor claims this debt became delinquent.
Whether this debt is within the statute of limitations and how that was determined.

Sincerely,

Your Name

[-]

ProleDBA@reddit

Also:


{Today's date}{Original creditor or name of the collection agency if the creditor sold the account}
{Creditor address}
RE: {Account, e.g., Citibank Mastercard} account #{full account number}
To Whom It May Concern:
I am formally requesting that you validate all notations you have submitted to the three major credit reporting agencies by {name of the collection agency or original creditor} for me, {your name}, for account number {XXXXXXXXX}.
Due to possible inaccuracies in these credit reports, I lawfully request the debt validation be in the form of a notarized statement by a person with original knowledge of the debt as it was constituted and who can testify that the debt was incurred legally.
Please know that you have 30 days from the tracked and confirmed delivery of this notice to either answer these demands or to remove the associated negative trade line notations from the credit reporting agency reports.
Sincerely yours,
{Your name}
{Address city, State ZIP}

I hope this helps.

[-]

atarchived@reddit

Dispute the debt “this isn’t mine, please prove it’s mine and prove that you (lender) own the debt.” There are a lot of debt dispute templates online you can look up.
What do you mean you restarted the payment? This will determine how everything else goes. When was your last payment?
Your credit will be affected. There is a pinned post to this sub that is a master guide to defaulting and the various routes you can take. I would recommend reading that!