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Old 10-09-2009, 05:16 PM
13,969 posts, read 12,950,623 times
Reputation: 5293


I took a looked at that demand for validation letter. If you ever use it be careful not to just fill in your SS# and address if the agency has not proved they already have this info, especially if their first contact with you is via telephone.
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Old 01-30-2010, 02:02 PM
166 posts, read 943,021 times
Reputation: 47
Default Asset protection is the key

Anybody who has money should sit down with a lawyer who specializes in asset protection. Trust me, there are ways around getting ripped off by these people. You could start by setting up a trust fund at a bank account with a child's name on it, and you could be the one in charge of the trust fund. I'd ask a lawyer about that first. You can always establish an LLC in Delaware and open a business account in Delaware. LOL People such as doctor's and those who are in high-risk professions have been doing that to protect their assets for years. You just have to be a little more creative than these predators. They can't take anything from you if you structure your asset protection correctly. You could take out some books at the library or buy a few and study all about asset protection. You'd be bullet-proofing your assets. Who cares about this dude anyway. If he can't even figure out the name of your LLC and where you bank, and all of that is confidential in Delaware, they can't seize it, judgement or not. LOL Trust funds and LLC's in Delware and Wyoming and Nevada should be researched. The dude would be lost and off to bother another person who never did their homework on asset protection.

Think about it: How did OJ get 25K a month income after a very bitter lawsuit which resulted in jugdgement of over 33 million? Asset protection. That and he moved to Florida. There are ways around these predators. A little research and planning goes a long way!

Last edited by Angelrocks; 01-30-2010 at 02:10 PM..
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Old 02-04-2010, 05:04 PM
48,508 posts, read 88,816,493 times
Reputation: 18192
Originally Posted by scuba steve View Post
ahh, see that stuff there. That's pure evil. There should be recourse against illegitimate debt collection. Like they have to pay you the amount they say you owe on top of whatever lawyer fees are racked up taking the dirtbags to court.

The demand for validation (DV) letter is of great use here. My fiance and I caught a medical billing error on her credit report and used that to get the bogus item off there. Seriously, it works wonders!

You can do just that in civil court but only if you win.
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