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Debt settlement-credit rating issue!

Date: Sun, 03/11/2007 - 14:48

Submitted by anonymous
on Sun, 03/11/2007 - 14:48

Posts: 202330 Credits: [Donate]

Total Replies: 2


I am dealing with a collection agency that is a real headache. First of all, they will not give me the info I requested regarding debt validation. Rep stated that I misunderstood the definition of debt validation. He stated that the validation is the invoice sent to me with the amount owed on a sheet of paper from the collection agency. He also stated that if I wanted a detailed history acct., that I'd have to request it myself from the original creditor. I know that's not true. When I spoke to this rep the 1st time, he offered a settlement of 50%. That's when I asked about t credit rating and stated that I needed the rating to state "paid." He said that couldn't be done. I am under the impression it can be and yet he stated absolutely not. Now, he called again and that's when we got into it about the debt validation. When I got him frustrated, he blurted out-oh, just like you know about changing a credit rating. I;ll have you know that your conversation was recorded, and what you were suggesting is clearly fraud-then he said- Talk to you, tomorrow, and he hung up on me!
Could someone inform me as to the laws about the credit rating, and if it is allowed to be changed to simply "paid" once a settlement has been reached. Thanks.


First of all he is full of bullpucky if he thinks that is validation.Send this letter to validate the debt.
http://www.debtconsolidationcare.com/forums/about216.html

If you do not wish to hear their lies,insert a paragraph in letter stating that phonecalls at home are inconvenient. If your employer does not allow calls at work for personal business,insert paragraph stating phone calls at work are prohibited.Close it stating you wish to communicate in writing only.

Ok,what you are describing as far as your credit rating is a pay for delete settlement.Now they will piss and moan saying it cannot be done.Yes,it can be done if they report it on their dataform. Let them sweat a little while and hopefully they will agree to delete. If they agree,make sure it is in writing.

If they refuse then their is another way of removal that is complicated.You would review your reports for errors on their account.If it is wrong,dispute it. Here is the deal sealer,review that account once your dispute has started,if they do not mark account as disputed,they have violated both the fdcpa and the fcra and you can count up your violations to use for leverage to cancel debt and delete all data from reports.


lrhall41

Submitted by cajunbulldog on Sun, 03/11/2007 - 15:12

( Posts: 4850 | Credits: )