Forster & Garbus LLP - Strange
Date: Mon, 07/30/2012 - 13:26
Who are they collecting for?? For a lot of agencies, a DV means
Who are they collecting for?? For a lot of agencies, a DV means close and return...they can't be bothered validating.
Yes, this is pretty normal. They can have multiple reasons for d
Yes, this is pretty normal. They can have multiple reasons for doing so. Maybe the debt was from an illegal payday loan?
So what do I do in this case?
They collect for the original creditors. If this is the case, what does one do then when it's in their hands? I haven't read anything on this forum of what to do when referring to CA's that "close and return". It's actually the first time I hear about it. Do I just allow them to keep bouncing my account to another agency? What is the strategy then? What do I ask them to do if it's not validating or verifying?
Who is the original creditor?? Have you called them to verify t
Who is the original creditor?? Have you called them to verify the placement??
For a lot of collectors, receiving a DV puts the account into a freeze status within their unit and is a waste of inventory space. (Most collectors can only have a certain amount of accounts in their units) So they close and return them, especially if it is a first placement account. Repeated DV's usually result in the account being placed with a law collection firm.