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Posted: Fri Feb 24, 2006 8:24 pm Subject: CMC - Credit Management Control

Recieved 2 letters today, from this company.
Both state they are attempting to collect for Asset Acceptance. Including the account with incorrect name still being used!!

Sent validation requests regarding both accounts and after 6 weeks, or a bit over, I never heard back from the original letters.

Now, as I can get new letters printed, I'm gonna send several new letters out, CM-RRR requesting validation of account(s).

Is there anything else I should do first, before sending DV letter(s)?? Probably won't be going out until next week anyway. Post Office closes at 3PM, I'm stuck working until 4PM! Smile

But, 4 day weekend next week, so I'll send letters then.......

As always, information is Greatly appreciated!

Posted: Sat Feb 25, 2006 1:28 pm Subject:

Hi Keith,

Welcome to the forums

There is literally nothing to be done until you get this account with proper details. You can only get that with a proper validation request. If the company has sent you something in writing about this account, debt validation won't work at this point. You have to dispute by requesting more information. Debt validation letters are sent when the company does not send you anything in writing to you. Dispute letters are sent when you have received something in writing but it misses the necessary information.

After sending the letter through CMRRR, they will send you a mail confirming the receipt of your letter. The countdown will begin from that date and you are required to get the necessary information within 30 days. If you don't hear anything from them, send copies to the bureau and explain the part of the company's failure to give you the account details. The bureau will involve in the process and get the item verified. If they don't receive any response, the item will be removed from your file. The bureau is also required to reply you within 30 days. That's the process of reshaping your credit report while doing the repair work. Lots of patience is involved in this process.

Keep in touch

Regards
Roxette

Posted: Sat Feb 25, 2006 4:40 pm Subject:

Roxette,
Appreciate the information.
Here's the situation:
I sent a validation request, CMRRR, to Assett.
Got the green card back. But, I never heard a peep from AA regarding my request. Apparently, instead of following up with my request, they passed the account on to another, in this case, CMC.

So, I'm thinking I now need to request validation etc.....from CMC, dispute the info, whatever...?

They, CMC, is even trying to collect the account with the incorrect name that I sent validation request for also!!! Gotta get them to validate that too I guess.

Anyway......This is MY opinion of what I feel I need to do next, since I never got the information I requested to begin with.
As always, help and information greatly appreciated!

Posted: Sat Feb 25, 2006 4:55 pm Subject:

Hi Keith

Welcome back.

Yes, you need a validation from CMC. That's the worst part when the CA instead of validating the debt passes it over to some other agency. Why don't they do some proper business instead of wasting time?!!

Also, ask CMC to prove the account with the incorrect name? If they can't, you must dispute with the credit bureau. It is the responsibility of the credit bureau and the information provider to present your credit file in accurate shape. Use your legal consumer rights to get that done if it doesn't happen in a fair way.

Regards
Roxette

Posted: Sat Feb 25, 2006 5:06 pm Subject:

I'll work on getting letters together and sent out.
Have my long 4 day weekend next week, so I'll get them mailed out CMRRR at that point!

Posted: Sat Feb 25, 2006 5:21 pm Subject:

I sent out 6 or 7 validation letters in the beginning of January, and I have not heard back from any of them. I suspect they are going to do to me what they did to Keith, and just transfer them to another CA. This is just going to make it harder and harder for the next CA to validate the debts.

Posted: Sat Feb 25, 2006 6:10 pm Subject:

I was actually discussing with VLD on what TMD said when the collection agencies pass the debt to someone else instead of validating it. This goes on getting tougher and the accuracy of the account keeps losing every time. I guess, the federal system can do something on this area. Check out the whole discussion.

http://www.debtconsolidationcare.com/forums/after-defaulting.html

Posted: Sat Feb 25, 2006 6:11 pm Subject:

Posted: Sat Feb 25, 2006 6:32 pm Subject:

Hi Shirley

The first thing when you get from a CA in writing is what they call debt validation. Maybe that's the way they treat it if the debtor does not dispute on any item sent in the details. If he agrees to everything written in the paper, he will pay it. The matter is settled and the account is over.

But if the person does not agree to what is written in the paper, he has to dispute on the given information. Send a dispute letter and hope that it works, this time. When you have tried so many ways of resolving this matter, try this one as well.

Regards
Roxette

Posted: Sat Feb 25, 2006 7:45 pm Subject:

I will do that! More paper for my paper trail. These accounts have been passed around so much, and dell won't talk to me, they say talk to the collection agencies, so now I'm confused about 'WHO' even has them anymore. Its been three plus months since the last time I heard anything about these accounts.I'm thinking of writing Dell again and asking 'who' actually has these accounts--names and addresses so I can write the CAs AGAIN and hopefully get something back from them. If Dell 'sold' any of the accounts, do they have to tell me if I ask them??? thanks! shirley

Globetrotter · Posted: Sun Feb 26, 2006 2:33 pm Subject: Asset+ RAB

I have two debts. One secured auto, never repossesed because overseas for 15K is no longer on my CR. Two, a charge off credit card in Asset Acceptance hands which should come off CR in 01-07.

Problem is I must make settlements with both because my employer requires all debts to paid, so I am hosed on the out of SOL loans here. Question is what is the best way to settle these without having a paid charge off for another 7 years on my CR? The car loan is off CR, when I settle will it reappear on CR?

I absolutely hate to deal with AAC, but am in a corner where I have to now. Any suggestions appreciated.

Posted: Sun Feb 26, 2006 2:58 pm Subject:

Globetrotter...if these two debts are out of the SOL, your employer should not even be able to find out about them, because they should not be on your credit report, unless they are less than 7 yrs old I guess. But, if you pay anything on them...even if you pay them off, yes..they will reappear on your credit report and the seven years will start over.

Globetrotter · Posted: Sun Feb 26, 2006 3:10 pm Subject: DEBTS

TMD,

Thanks, my employer is uncle sam so he will find out even though not listed. Frustrating because car is off of CR and the Asset Acceptance will fall off next Jan in 10 months.

I need a job more than having a black mark on CR. Can debt consolidation negotiate paid as agreed on CR if I make it in payments instead of settlement?

I am down to three entries on my CR and only one bad, but to have a clearance and security credentials I am forced into a box on this. The govt look at it as it is out of SOL but you still owe it.

Posted: Sun Feb 26, 2006 3:30 pm Subject:

Well, at this point, all you can do then is pay it and make sure they update it as paid to the credit bureaus. I guess you can sign up or call the number and ask the representative if they can get it marked 'paid as agreed', but really it may not be up to them, depends on who you are paying to, and it is really not likely. If I were you I would just try to pay in a lump sum...gets it off your CR faster...plus if you start making payments, you probably start the phone calls all over, especially through Asset.

Globetrotter · Posted: Mon Feb 27, 2006 6:54 am Subject:

TMD,

Thanks. Not worry about the phone calls as I am overseas and they only can contact by mail. Guess, I'll have to suck it up, instead of having a clean CR in 10 months, will have another 7 years, but only one entry so still better than 3 years ago with 50 entries when I owned rental properties. Don't know if to deal with Collection Agency or tell them cease and desist and deal with Original Creditor. Seems I would have less to pay dealing with OC?

Posted: Mon Feb 27, 2006 7:17 am Subject:

It would be easier to deal with the original creditor, but if they have sold the account to the CA, you will have no choice but to deal with the CA. Hopefully they have not sold the account and you can set up payment arrangements and get it back to the OC. Just call the OC and see if they have sold it. Good luck with that, hope it works out in your favor.

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