Clearing very old debts in collection
I just found this website and am hoping that someone could help point me in the right direction, as from what I have read, you really want to make sure you do things in the correct order and manor so that you are protected.
My spouse and I would like to buy a house in the near future, but she has old debts that are still in collections. Most of these debts are from at least 7 to 10 years ago, which she just ignored and never took care of. A lot of them are small debts that are under $500.00. They will go away for a while and will then pop up years later with some other agency. Is this legal for them to do?
My question is, where do I need to start? Do I need to dispute them with someone? What kind of letter do I need to send so that all of my bases are covered? Honestly, these things have been sold and re-sold so many times I don't even think they could prove the debt.
Also, we have recently received a couple of collection letters from CA's (for some of the newer debts) to settle the debt for less than is owed. Is this something we should do?
Thanks in advance for all of your help. :D
if it has been more than 7 years since your last payment, then t
if it has been more than 7 years since your last payment, then they should not even be appearing on your credit report. Depending on what state you live in, the debt is probably time barred. You should be able to dispute them off your credit report.
Most of them are very old, but there are still two that are unde
Most of them are very old, but there are still two that are under that time frame. Any advice on how to remove or dispute them? Thanks!
You can try disputing them thru the credit bureaus but if they a
You can try disputing them thru the credit bureaus but if they are reporting correctly, they do not have to remove them.
Hi, Either wait for the two debts to pass the time frame so that
Hi,
Either wait for the two debts to pass the time frame so that you can dispute them and get them off your credit report, or you can try and settle them if they are offering you a good deal.
Submitted by scarlett.brooks13 on Thu, 09/08/2011 - 05:42
You dont use the dispute process to address information that is
You dont use the dispute process to address information that is still in your CR, but should not be included due to the expiration of a CR exclusion period under section 605(a).
Disputes are directed at the accuracy of information reported by a creditor/debt collector to a CRA. A party is not prevented from continuing to report any information to a CRA after expiration of any of the CR exclusion periods under section 605(a). The exlusion requirements of section 605(a) apply to the CRAs, and not to furnishers of information. The requirement is that the CRA is prevented from the inclusion of information reported to them, regardless of its date of reporting, that has a relevant date that has passed its CR inclusion period.
The proper course is to file a complaint with the CRA for THEIR violation of section 605(a), and not to dispute the accuracy of the reporting by the furnisher of the information. Dont get tangled up unnecessarily in a dispute process, with all of its pitfalls. The furnisher is not the party at fault, it is the CRA. Simply provide evidence to the CRA of the relevant date of the derog, and that it has passed the date after which they must block that information from continued inclusion in your CR.
Credit Cleanup
Hello,
There is some suggestion which surely helps you:-
1. Do it yourself ? If you want to do the repairing yourself you need to understand what will be needed to make it happen.
2. Hire a law firm that specializes ? There are many law firms that specialize in repairing credit. You just need to take time to find a good one and then contact them to see if they can help you.
These are the two main step to repairs your credit card and improve your score...Thanks..
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Submitted by repaircreditreviews on Mon, 12/26/2011 - 03:20
You do NOT need to hire an attorney....it is not that difficult
You do NOT need to hire an attorney....it is not that difficult to do if you take the time to do a little research. The previous poster was just trying to sell a service...and I deleted his advertising link.