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Originally Posted by Shoonra
Slayer,
This is a typical collection agency form letter intended to stampede recipients into paying bills. The letter itself has no real legal significance, nor does your "notice of default".
Depending on the amount of your debt and the likelihood of prying the money loose from you (based primarily on what they know of your credit rating and property).....
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From my experience in the DC industry from a software programmer's standpoint.. this is very true. A big number debt is usually worth obtaining a judgement for, but anything less than $2500 or so is more valuable to them as a write off. Generally they will go through the motions and put a mark on your credit report as an "Easter Egg" in hopes that you will re-affirm the debt and enter into some sort of agreement in exchange for removal of the item.
Not to say you cannot use the law to your advantage there and contest with the reporting agencies. This is best done right before the holidays (Thanksgiving, X'mas, New Year) in writing via certified mail. Do not use their on line system for disputes.. do it the old fashion way. They frequently miss the deadline for response for validation during this time of year due to holidays and vacations. Just a tip..
..J