I hope I handled this right
Date: Fri, 09/01/2006 - 12:04
Original company = Cingular Wireless
CA = Asset Management.
Both were reported by Asset Management. One in the amount of $1500, the other $1800. I only ever had one acct. w/ Cingular.
So yesterday I wrote up a debt validation letter and mailed it CMRR to Asset Management.
Today I received a letter in the mail from a NEW collection agency, Oxford Management. I sent them a debt verification letter today.
Now, since there's a new CA involved (Oxford Mgmt), Asset Management won't be able to validate the debt, right?
And how do I go about getting them to remove one of the falsely reported items on my credit report? I mean, yes I owe the debt, but only owe it once! The way it shows up makes it look like I owe $3300, not $1500.
And, if Oxford shows up on my CR, it can't be on there with another CA for the same acct, can it? I'm confused! I hope to hear from them soon as I'm planning on paying it. But I need it in writing first, from the correct company!
Jenna
Follow these steps and try to fix your credit. I hope this will
Follow these steps and try to fix your credit. I hope this will be your right move
1) Contact Cingular whether your file is still with them. Tell them that you are interested in paying off the debt and would like to arrange a settlement. If they have hired any collection agency for the collections, they will be updated and your file will be pulled back from the CA. You won't need to deal with any CA in the future after the account receives your payments.
2) Oxford Management needs to validate the debt if they are doing genuine collections. They will prove in writing with the debt details you owe to your credit company and that they have been authorized for the purpose.
3) Same thing applies to west asset management. If they haven't responded yet, you are not bound to send them money without proper documentation.
4) Dispute the incorrect item put in your file with the CRA. They have to show your file with correct information received from the companies. Incorrect entries will be removed at once, after your dispute is found to be correct. If they want to keep the entries as it is, you have the rights to ask for the results of the investigation done. FCRA laws force creditors, collection agencies and credit bureaus to report accurate information about your credit.
So I should write Cingular a letter offering to arrange a settle
So I should write Cingular a letter offering to arrange a settlement, and they'll pull my file back from the CA, and I'll end up paying the original creditor and not the CA? That would be nice!
Thanks! I will wait to hear from the CAs that I did sent DV letters to, and see about getting my incorrect information deleted from my CR.
Thanks again
Jenna
Jenna Quote:So I should write Cingular a letter offering to a
Jenna
Quote:
So I should write Cingular a letter offering to arrange a settlement, and they'll pull my file back from the CA, and I'll end up paying the original creditor and not the CA? That would be nice! |
Cingular can do this arrangement if they want to work with you. But, if your file is already sold to outside collection company, they won't accept payments from you, because your file is no more with them. Confirm about the latest status of your debt from Cingular before sending your money.
Let us know after you have done the call to Cingular.
You are going to have it reported twice onto your credit report.
You are going to have it reported twice onto your credit report. One for the origional creditor and one for the collection agency handeling it. Unless the creditor sells it I think. Although I'm not too sure about that.
If it does move from one collection agency to another and it is on your CBR you shouldn't have any problems getting the old collections agency mark removed..
As far as I'm aware, whoever owns the account is the only one al
As far as I'm aware, whoever owns the account is the only one allowed to collect on it. Exceptions would be in-house collections. An example would be anyone who has a CapitalOne card, which is done by a collection agency in the US, but is connected in some way.
Contact the credit bureaus first, and despite the debt. If there are 2 CA on there, despite them both. Only one should responde, and the bureau should remove the other. Once you receive notification from the correct agency, you can then send a settlement offer. If you're willing to pay what is owed, then offer 1/2, but be willing to pay it then (if possible). Usually you'll receive a counter-offer which can be paid out over 3 months at about 60% of what is owed.
Please keep us informed, or let us know if you need help!
Cheers
Mike
