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dispute and put back on

Date: Mon, 05/30/2005 - 18:07

Submitted by anonymous
on Mon, 05/30/2005 - 18:07

Posts: 202330 Credits: [Donate]

Total Replies: 1


AFTER YOU HAVE DISPUTE AN ACCOUNT ON YOUR CREDIT REPORT.........AND THEY HAVE REMOVE IT CAN IT BE PUT BACK ON BY ANOTHER COLLECTION AGENCY

the cerdit company had sent me a update version showing and saying that it had been remove 4month later I pull my report and saw that they had sold the account to another collection company and it was on my report again


Hi Warren

As per your post, since this account in not shown in the credit report, please ask the collection agency to verify this debt and also if necessary validate this debt. These are the two tools that you can use to collection agency for the accuracy of this debt.

Please go through this thread for a broad idea on verification of this debt

http://www.debtconsolidationcare.com/forums/about216.html

Also, you can ask the collection agency to validate this debt. Following is an excerpt of what our moderator Jerry wrote in his thread in the forum.

[quote]
What do they need to provide as debt validation?

[list=1]

  • Proof that the collection company owns the debt/or has been assigned the debt. (Is The CA legally entitled to collect this particular debt from you.) This is basic contract law.

  • Complete payment history, starting with the original creditor. (You need to have proof of your payment history with the OC, what the amount of the debt was when The OC assigned the debt to the CA, and what fees/interest the CA has tacked on to this debt and how thhe determined these fees.) This requirement was established by the case Fields v. Wilber Law Firm, Donald L. Wilber and Kenneth Wilber, USCA-02-C-0072, 7th Circuit Court, Sept 2004..

  • Copy of the original signed loan agreement or credit card application. (Your contract with the OC establishing the debt between you.) This is also basic contract law.


    Asking for Debt Validation is not a "CLAIM" you do not owe the debt, but a request for proof of what you do owe.

    A very important distinction....

    Lets say I sent you a bill as a CA for a old Medical Claim saying you Owe me 5,000.00 for it. Are you going to pay it blindly...the CA hopes so, but things to think about...

    How much was the original Bill for in the first place.

    How much of it did the insurance pay?

    Did they submit it in a timely manner to the insurance Company? (MOST Insurance Companies have a "timely" submission clause that if it's not submitted in time it wont get process and they cant hold the insured liable for their error)

    After all Insurance payments, how much of this is not fees? Interest?

    Is debt being collected legally? (in SOL, is CA licensed to perate in your state..etc)

    So debt validation is a very IMPORTANT tool to use at ANY TIME!.

    Jerry
    [/quote]

    Also, for verification purpose, please send a letter to the credit bureau if there is a possibility of any error in your credit report after a period of 4 months.

    Please inform us the result after you have made this move.

    Regards
    Roxette


    • lrhall41

    Submitted by roxette on Mon, 05/30/2005 - 18:23

    ( Posts: 4009 | Credits: )