probably a stupid question but I was told to do a

3 Answers

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FOAD stands for F**K Off and Die!  It is a type of cease and desist letter that is sent to bottom feeder collection agencies collecting on accounts where the SOL has expired and legal action is time barred.  There is no need to DV....you just want a total cease and desist.

Sample demand.....

"Dear Bottom Feeder...

In regards to xxx account, never contact me, my family or my employer by any means....mail, phone, fax, email or smoke signals.  The SOL for my state, expired 6 years ago and further action on this account is time barred by law.  Failure to abide by this demand will result in me hauling your ass into court for FDCPA violations.

FOAD!

Your sincerely

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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-13

You may send such a letter to your debt collector when your debt is not legally collectable anymore (may have gone past it's SOL). The main objective of sending your FOAD letter to a collector is to urge him into retaliating in a wrongful way. Once he violates the FDCPA, it creates a ground for you to file a lawsuit against him. It might hold good to sue a collector who has no grounds to sue you back in return.


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-11

Basically it is a slang and not a letter . The full form is F**** off and delete.


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