Debt verification letter, does it really work??
Date: Sat, 07/07/2007 - 19:54
I have two large dings on my credit report, one is a 10,000 $ old credit card, it will leave my credit report on november 2009, it has been sold too many times to remember to MANY different companies, should I let it go and let it drop off in two years or fight it with the VOD letter,
and if I fight will it renew the statute of limitations, starting the clock all over again ??
The other was a fight with Mongomery wards, they sold me a piece of junk (although very expensive) refridgerator and a warranty to go with it, the refridgerator prommly broke, Montgomery Wards declared bankruptcy and I was left with nothing but a useless refridgerator and a bill, I refused to pay it however will go away in november this year, should I send a Verification of debt letter here or let it go away ,
Any advice would be helpful...........Thanks, TheJohn
Welcome to the forums John... and hummmm tough questions here!
Welcome to the forums John... and hummmm tough questions here! I can give u my opinion but it is ONLY that an opinion! But i'm sure someone who knows much more than i do will be along shortly to help you.
The cc debt for 10,000, is this in the hands of a CA? Have they contacted u concerning this matter? I was sued over a cc debt of 4,000 and it happened about 2 months before the SOL was to be up! The debt grew from 4,000, original debt, to 9,400 CA and now to 12,500 with default judgment against me! YIKES! Those are some hefty fees attached! I sent numerous debt validation letters and never got a response to any, but my HUGE mistake was not answering the summons and they won by default! (still sighing over that one) Wish i had found this place earlier! I do NOT think that by sending a dv letter it will start the SOL, u are to dispute this debt!! Only way SOL starts over is if u admit to owing this, NEVER do this!
Now about the fridge, did Monkey Wards write this off? Is it also in collections??? Have u tried to dispute this debt with the credit bureau?? Seems this one may be a little easier to get removed!
Hope i've helped a little but be patient and someone will be around shortly with answers!
Good Luck,
Ang
The main reason for verification/validation of a debt is to prot
The main reason for verification/validation of a debt is to protect the consumer. It is used to force the collector to show you proof that they are collecting a valid debt on the correct person.If they are unable to validate,they legally cannot collect. Your first step is to go to www.annualcreditreport.com and pull a copy of your credit report from all three bureaus.Once you have done this,come back here with a list of the negative's and we will try to help you get it straightened out.
Once again the bulldog comes through with excellent advice. I wi
Once again the bulldog comes through with excellent advice. I will tell you that the only way to update the statute of limitations is if you do something to indicate that the debt is valid like trying to make a deal.
VOD letter
Yes I pulled up the credit report, I have six negative items and seven positives, I have been on a cash only plan for about 5 years, hence not to many positives, I owe 20,000 on our home and both our vehicles are paid off, If I need emergency money I take a small 401K loan and promtly pay it off,
the other 4 negatives are small medical bills that fell thru the cracks, and yes both are collection accounts............ :?:
One thing I was told in regards to this was, be sure to put Debt
One thing I was told in regards to this was, be sure to put Debt Validation-instead of verification, where they can just send a computer generated paper stating you owe. A validation doesn't mean you don't still owe the debt, it is just to make sure the proper people are trying to collect legally. Some companies try to collect debts that they don't even own, that is why you want to make sure where your debt is, and with whom.Good Luck-keep us posted!..Karen
Typically what happens with a DV is if the CA cannot validate t
Typically what happens with a DV is if the CA cannot
validate they sell it to another CA. That way it remains on your report.
I never heard a company not able to validate a debt, then remove from an individuals credit report. It is usually sold!
For instance a friend was contacted by a ca. He asked for a DV, Never showed. Debt was then picked up by another CA,my friend asked fo a DV. never reveived one from then either.
He disputed the debt with reporting agency. Agency "Deleted" it from report. It is now in the hands of another CA!
And those were Debt Validations!
The trick of the dv is the one two punch that you can gig them o
The trick of the dv is the one two punch that you can gig them on.Here is a description of it:
1.Send dv letter certified return mail.
2.Once you receive green card back,send a written dispute to the credit bureau certified mail.
3.If they verify without validation,they are in violation of federal law.
4.By initiating this dispute process,you also nail them down to a 30-45 day time limit to validate since they cannot verify without validating.
5.Here is a worst case scenario if you happen to run across a good law abiding agency.They will mark the account in dispute in response to your credit bureau dispute. Now they can take their time validating account.If they cannot validate the account,then it must be removed from the bureau reports.
Follow cajun's advice. Yes Bossy, you should make a strict diff
Follow cajun's advice. Yes Bossy, you should make a strict difference between verification and validation.
thejohn, the first debt you mentioned appears to be a junk debt (purchased). When they receive your dv letter, it's doubtful that they can produce any evidence at all. Demand proof of a contractual obligation between you and the owner of the "debt". Never admit to owing even a portion, or you might be held to the full amount.
Recently I had sent a dv letter to NCO, certified, return receip
Recently I had sent a dv letter to NCO, certified, return receipt request. I also disputed it on my credit report. It had been about 30 days and I checked my credit report on Sunday. It was still there. I checked yesterday morning and it was gone. Before finding this site I was going to go through Lexingon Law. Thank you people for saving me money and teaching me how to do it myself. I'm expecting them to sell it to another junk collector and going through it again...but this time I'm ready
Question about the whole selling collections
So... if you dispute a collection and have it removed, and then sold off and reinstated again,
Since it effects your credit ( score and all) does it actually reverse when they take it off, or is this actually hurting your credit everytime there is a new reinstatement, making it impossible to get your score back up again anyways????
Also, where do I post credit problems (IE my report so I can get tips from people on what to do)???
Thanks much.
You post your credit report issues here in this forum.Make sure
You post your credit report issues here in this forum.Make sure to remove any personal info before you post as this is a public internet board.
Collection Inquiries
I have 3 collections in my Regular Inquiries. This is only with Tans Union. I spoke to Trans Union about them to remove them that I did not iniatiate them. They told me I have to call the police dept to file a police report.
I admit I did have problems back in 1987? Over 20 years ago. But can the CA do hard inquiries over 20 years????
Thank you for your responses
cajunbulldog, I have 2 accounts that were charged off and recei
cajunbulldog,
I have 2 accounts that were charged off and received letters and calls from CA. I am sending a DV letter but should I dispute even though I do owe them?
I would send a Debt Validation letter anyway. You want to make s
I would send a Debt Validation letter anyway. You want to make sure that they are the ones that are supposed to be collecting on it, and the amount is the correct amount.
Some CAs will try to collect, when they are not the ones that are supposed to be getting the money..good luck..karen
Thanks for the advice! Another question: can a CA call my relati
Thanks for the advice! Another question: can a CA call my relatives looking for me? Is this legal?
Can I send a DV letter if the account has been included in a cha
Can I send a DV letter if the account has been included in a chapter 7.
How can I get the name of the CA if I don't have a collection no
How can I get the name of the CA if I don't have a collection notice and it is not showing on my Credit Report.
Help Default on CC had no choice, lost my Job, etc questions
Why is it so important to the CA when they call hello is this Your Name. They want you to say your name so bad, then if you don't tell them, first thing out of there mouth is they are recording for quality..bs bs bs,
What is the best advice on getting so kind of control, I'm sure the CA is aware of the internet sites, just like this one, any body please advise and teach me. Thanks
relatives
Yes, a collection agency can call your relatives but can't disclose the reason for the call. Thay can also ask for a better tn#, addr or place of employement. Usually just a message is left for the consumer to call back.
In a jam... not sure how to handle this, but secretly, my ex-wif
In a jam... not sure how to handle this, but secretly, my ex-wife ran up a cell phone bill in my name, and now that we have been divorced for 2 years, I found this 3k bill on my credit report. I have tried to dispute it through all 3 credit bureaus, but I'm actually looking for a solution that will REALLY get results. any help??
Smith Debnam
This site as been a life saver. I had cc by Bank of America. And I owed them 6300. I used this website information on how to handle the situation. And I put into practice what the website said to about offering a settlement on the cc. I offered smith debnam 3500 and they settle this credit card. So thank you for all the great information that you gave. Because it does work.
I found good reports about square one debt settlement company. H
I found good reports about square one debt settlement company. However, they want me to avoid responding to any creditors for 30 to 36 months so I can build up my settlement fund. I feel extremly uneasy about this. They claim thats how things tend to play out and the first 6 months will be the hardest. Is this normal advice?
SOL start again after debt validation request?
I have a similar situation i have a charge off, and it was settled, but i can't find the letters, receipts, etc. This was done in September of 2004. I went online today and recieve all 3 credit reports and they all say under date paid 09/2004 Charge off. Yesterday we recieved a CA letter demanding $1600.00 on a $250.00 original charge off (paid and settled). The SOL in California i understand is 4 years. I downloaded the letter "debt validation request" and I'm getting ready to send this....will my SOL start over?? I will NOT call them nor make or admit to this. My concern is SOL starting again after i send this validation request. Plus what happens if they do provide all of the information, i.e., agreement with us, signatures and payment history? What then, it's been over 6 years and NO contact from them until now, according to one of the credit reports it says: "Estimate date that this item will be removed 8/2010". Help
credit verification need help
Last week, my wife received a call from a law firm office from Denver Colorado.the guy on the phone said the acoount was transferred to them from square two financial to collect the money. My wife did not know what to do and she fely threaten by this guy on the phone. the person on the phone asked her to provide post dated check to paid the full ammount of the debt.My wife gave him her checcking account routing for electronic check to withdeaw scheduled payments. I told my wife to stop payments of those checks, but two checks were already cashed out. We went to the bank and closed that checking account and opened a new one, so they could not continue withdrawing the money.
The office called again this morning and I was the one who spoke to this CA person. I told him this was not a refusal to pay, but I was in the process to dipute the debt. He said that since we stpped the rest of the scheduled payments, the new owner of the account would not have consideration anymore and that they would request the account to be paid in full.
---QQ--How would affect the process of the credit verification letter as my wife released payment to this Collector agency?
I'm writing the verification letter right now and I will be sending it this afternoon.
What should I do next?
If you've already made payment on the account, you've basically
If you've already made payment on the account, you've basically admitted to owing the debt. Is it a legit debt? If so, your best bet at this point is to try to make payment arrangements you can afford and stick to.
I have a debt or (collection ) w/ a dentist office when I was 17
I have a debt or (collection ) w/ a dentist office when I was 17 yrs old my mothers insurance dropped due to change in job and the remainder that wasnt paid was posted on my credit when I turned 18? (now 21) Is this legal, right or what can I do. I am attempting the DV request to see where it takes me. Thanx
Credit Validation
recently I recieved my credit report and I have 10 items I want to validae. I want to know once I send the CV to the creditors, what do I send to the credit bureau?
Can a collector simply pass off the account?
[COLOR=#000000]The company I work for recently changed insurance providers and as a result, some outstanding claims I had with doctors, urgent care centers and emergency room physicians seemingly fell through the cracks.
This change happened right after flu season and as the father of two small children, there were simply too many office and consequential emergency visits for my wife and I to keep track of.
Needless to say, when my insurance provider saw that I was no longer a policy holder, anyone who hadn't been paid came directly to me. I've received letters from debt collectors and it's been extremely difficult for me to sort this mess.
I've even resorted to blindly paying some of these simply because it was cheaper for me to pay the $10 here and the $45 there but these are quickly adding up and there's really no proof that what I pay one collector today won't come back through another collector (or the provider themselves) down the road.
Now that you've got the background, my question is: Can a collector simply pass off the account to another collector thus making this a never-ending letter writing task until the "debt" is finally paid? If that's the case, how does a consumer adequately protect oneself?
By the way, I live in the state of Florida (I don't know if that changes anything).
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Do you have proof that even though your coverage changed that yo
Do you have proof that even though your coverage changed that you were covered? I would start there with letters to the doctors offices. Send them attention billing with copies of your insurance cards or letters from the providers stating the dates you were covered by them.
If there was a period you were not covered you need to pay the debt.
If you've paid send the bill and the copy of payment to the insurance provider using their reimbursement form!
And yes they can sell the debt over and over until it's paid.
And yes they can sell the debt over and over until it's paid.
Dispute with CRAs first
You're forgetting one very important step. You must dispute the negatives with the CRA first. Then DV the CA. If you do have to go to court, you will be protected. If you don't dispute then you have nothing to stand on.