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Posted: Thu Apr 20, 2006 2:42 am Subject: 2 Issues: Palisades and a DC on CR

Issue #1:
I have an account from AT&T Wireless on my CR with the CA being Palisades. (I know there are tons of complaints against them, I just want to make sure I've got my ducks in a row.)

First and foremost, the CR says "Date Opened" is 10/2004. In actuality, this is an account that I have not paid on since late 2000 (because the debt is not accurate, I do not owe them as much as they claim). Is it legal for them to report it was opened in 10/04? Is this considered re-aging? If I do not succeed in getting this removed from my CR via the debt validation, is it possible to fight to get it listed with the correct open date?

Second, I have disputed this through all 3 CRAs, Equifax removed it on first dispute, TU says (after 3 disputes) "Dispute resolved; customer disagrees", and Experian says (also 3 disputes) "Subscriber reports dispute resolved - consumer disagrees."

Here is my plan of action, following the flowchart found [/url]:

4/20 Send DV request to Palisades and dispute with CRAs in writing. My DV letter says:

Posted: Thu Apr 20, 2006 2:21 pm Subject:

Chances are AT&T sold the account to Palisades in 2004 that is because date opened is showing as 08/2004. With that said, Palisade is the one who reported your account to CRA.

You can send request for validation to Palisade, but collection agencies are not bound to respond to your DV letter within 30 days, however, they cannot start collecting unless they validate it.

Dispute it with credit bureaus too. If Palisade verify it with CRAs and fails to validate to you, it will be violation of laws. You can file complaint against them and can ask CRA to get the item off. Have you disputed the item already?

Posted: Thu Apr 20, 2006 3:04 pm Subject:

I have disputed Palisades two times, possibly 3 with the CRAs. Equifax removed it right away on first dispute, Experian and TU are hanging onto to it for dear life. I mailed Palisades a DV today.

By "start collecting on it", what exactly do you mean? I don't think they've ever tried to contact me, but it's been on my CR for over a year. Is being on the CR considered started collecting?

Posted: Thu Apr 20, 2006 3:15 pm Subject:

Basically, if a collection agency fails to validate the debt, it cannot be there on your report. When did you request for validation? Do you retain copy of the letter sent to them and the return receipt as well? You can attach copies of these documents while disputing with TU and EX this time.

Correct me if I'm wrong, CA contacts the debtor to inform about the account with them. They must send some written document within 5 days of initial communication. If they don't, debtor can request for validation. Once validation reaches debtor's door, debtor has 30 days to dispute. CA can report it to CRA by this time. However, if debtor disputes the debt, CA should recall the entry.

Posted: Thu Apr 20, 2006 4:39 pm Subject:

I just sent DV letters today. I have copies saved on the computer and printed copies. I've stapled my certified mail receipt to the print copy.

At this point, what do I do if they do not send debt validation? Is there ANY length of time they are now held to?

Posted: Thu Apr 20, 2006 4:58 pm Subject:

Unfortunately, no. However, it would be better, if you mention a time in your letter and send the follow up letter once that time period is over.

Obviously the deadline to respond to your follow up letter would be lesser. If the fail it too, then you can surely ask CRA to remove the item.

Vanessa · Posted: Thu Aug 21, 2008 10:23 am Subject: an old debt

I received a phone call from palisades re: an extremely old credit card account from my college days (1989, if you can believe that) under a former last name (14 years ago) that was charged off back in the early 90s, or maybe even earlier. My state's SOL is 4 years, from what I have been able to find out, and it has not appeared on my credit report for a period of years now. I don't even know why they are attempting to collect a debt this old. I have ignored any mailed requests to make payment arrangements, because what I have understood is that it would do nothing to help anything, and would probably cause new problems. The number they called me on was my cell (we have no home number) and I have NO IDEA how they got it, because that has only been since 2003! I wouldn't have spoken with them had I known who they were, but unfortunately I didn't, so I did talk to them, but what I told them was that this debt was nearly 20 years old, once they did tell me what it was, and that I would not make any payment arrangements or open this back up again in any way, so I had nothing more to say to them. The lady politely said thank you and hung up. This all being said, do I have anything to be concerned about at this point? There isn't anything they can do at this late stage of the game to pursue it is there? My husband told me not to give it a second thought, but of course, it's worrying me anyway. Any help or advice would be appreciated. This all seems so ridiculous to even have to deal with at all.

Guest · Posted: Fri Aug 22, 2008 2:53 am Subject:

These Junk Debt Buyers purchase debts in bulk, they will try to collect on as many of them as they can regardless of how old it is.

Posted: Fri Aug 22, 2008 2:56 am Subject:

The have the option of trying to collect but you have no legal obligation to pay them. If they send you a dunning letter, reply with a full cease comm.

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2 Issues: Palisades and a DC on CR

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