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If some of the PDLs that are refusing to settle with me or give me PIFs, do go ahead and manage to put a derogatory mark on my credit report, what can I do? I think I read somewhere on here that I could send a debt validation letter? Do I send it to the PDL or the credit bureau? Then, do I claim it is an illegal and invalid loan, therefore, they have to remove it? Thanks for all your great knowledge!

Posted: Thu Sep 20, 2007 11:03 am Subject:

Send a DV to the collection agency and then dispute it would the credit bureaus. Chances are, the "collection agency" is not even a real one. These PDLs are notorious for that. I don't know if the actual PDL will put an entry on your credit report, I haven't heard of that happening yet, just the so-called collection agencies that are representing them.

Ok, that is good to know. I am just trying to prepare for it, so I will not just freak out if it happens!

Posted: Thu Sep 20, 2007 11:07 am Subject:

Believe me, I am waiting for it to happen too!! I'm sure I will come directly here and vent away!

Don't worry too much about it though, I think it's kind of uncommon for this to happen, although not impossible.

Posted: Thu Sep 20, 2007 11:08 am Subject:

If it is an illegal PDL, dispute it with the credit bureau as an invalid entry from an illegal company. Send the validation letter to collection agency or company too.

Posted: Thu Sep 20, 2007 8:43 pm Subject: reply

Yes, it is possible. Yes, it does happen. Yes, you must dispute it with the credit bureaus. Yes, when it does happen, you must file complaints with all agencies. Yes, it does happen. Gee, how would I know? I got hit. Not trying to scare anyone, but, yes, it does happen.

Posted: Fri Sep 21, 2007 4:19 am Subject:

Shoot, I guess I better check my report and see who all is on there now. I never thought about them registering on my credit report, GEEZ! Cannr, did you get it removed?

Posted: Fri Sep 21, 2007 4:33 am Subject:

b, you can get the service that lets you know when an action is taken on your credit report..inquiry, entry, etc. It is not really expensive and well worth the money.

Posted: Fri Sep 21, 2007 8:08 am Subject: reply

bflow, yes, check your credit reports. That's the only way I knew it was on there. Goudah suggested checking, so I did. Lo and behold was a nice little illegal collection agency on there reporting me as an unpaid collections account for an illegal pdl that I overpaid and was refunded by. HELLO! Oh, of course I'm disputing it with the credit bureaus, with the collection agency that reported it, filed all complaints with all the agencies, etc.... It's in "the process", I guess you could say. Unreal.

Posted: Fri Sep 21, 2007 8:31 am Subject:

There is also the free annual credit report, along wiht the service that Roxy is talking about. For the free report, check annualcreditreport.com.

Posted: Thu Sep 27, 2007 4:44 am Subject:

I have signed up for one of those services that monitors for like $14.95 month and then I also get unlimited credit reports and scores. Seems like a good value for someone like me that is also taking one old bill and paying it off, that way I can have all the info at my fingertips to send letters, etc to the collection agencies. It's going to be a long road and realistically it will probably be a year or so before I am clear of all credit issues but it's worth it. Then maybe I can double on car payments, etc to pay those off....That is the plan!!!!!

Posted: Thu Sep 27, 2007 5:12 am Subject:

bflow, sounds like a good plan and I am happy to see you signed for the service. It is well worth it.

Posted: Thu Sep 27, 2007 7:44 pm Subject:

Well, you know how life is, seems like every time there is a plan....there is a pitfall right alongside it. My GYN doctor called today with the results from the mammo and I have to have a biopsy along with my husband having neurosurgery on his neck, can anyone spell MEDICAL BILLS???

Posted: Thu Sep 27, 2007 7:48 pm Subject:

OMG... I am so sorry. I know how it feels to be trying to get you life together and every time you turn around you get hit with something else. My thoughts are with you and we are all here if you need anything.

Posted: Thu Sep 27, 2007 7:49 pm Subject:

I'm so sorry to hear that bflow. I will keep you in my thoughts and prayers. Do you guys have insurance?

Posted: Thu Sep 27, 2007 7:50 pm Subject:

Thanks Roxy!
My husband says not to worry until they give you something to worry about and I WOULD say that is "easier said than done" but, with what he is going through, I guess it's not.
Unfortunately, breast cancer runs in my mother's side of the family, actually a lot of it and I've had aunts that have died from it. So, a lot to worry about!

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