PFD letter and pursue with CA or OC
Date: Wed, 06/23/2010 - 17:26
First let me say there is a huge amount of information here. Thank you for all the contributors. I am trying to get my arms around this but I would appreciate a little guidance.
I live in CT, have a debt in California for an exwife's car. I am trying to arrange a PFD letter with California Recovery Inc.
The bad line on my credit report is reported by WFS financial the original creditor. I spoke to the collection agency (Calif recovery) and they said they do not report the information to the credit report agencies but they work for WFS.
One person at the CA said we might be able to work out a PFD in writing, another said they don't do that. I am calling again tomorrow to talk to the person who said they would work with me on it.
I know i have to send a letter/fax but I feel better if I can get someone to at least work with me at the CA. Am I going down the wrong path trying to negotiate a PFD letter with the collection agency?
Regardless of what they say should I just dispute it, since WFS refuses to speak with me and refers me back to the collection agency?
I guess my confusion is the collection agency said they don't report to the credit reporting agencies and the bad entry is listed as WFS so who is really reporting it?
Thanks
Doug
You have the right to send the collection agency a letter reques
You have the right to send the collection agency a letter requesting that they turn the account back over to the original creditor. It is always a good idea to negotiate a PFD agreement. My suggestion is to ask for a manager/supervisor the next time you call and get the situation clarified. The original creditor is usually the one listed on your credit report unless the OC sells the account to a collection agency. It sounds like the collection agency is only working on behalf of the OC, so if they agree to a PFD agreement the OC would report the account as PFD to the credit reporting agencies.
dstabor, sometimes the original creditor hands over the debt to
dstabor, sometimes the original creditor hands over the debt to their own collections department. Thus, they might be reporting to the original creditor. What you can do is first send in a debt validation letter to the collection agnecy. If the debt comes back validated, you will get the required information on the collection agnecy. That is whether or not they are a part of the original credit card company.
Quote:Originally Posted by OVLG AttorneyYou have the right to se
Quote:
Originally Posted by OVLG Attorney You have the right to send the collection agency a letter requesting that they turn the account back over to the original creditor. It is always a good idea to negotiate a PFD agreement. My suggestion is to ask for a manager/supervisor the next time you call and get the situation clarified. The original creditor is usually the one listed on your credit report unless the OC sells the account to a collection agency. It sounds like the collection agency is only working on behalf of the OC, so if they agree to a PFD agreement the OC would report the account as PFD to the credit reporting agencies. |
you do NOT have the right to ask the collection agency to return the account....I dont know where the hell you are coming up with this garbage. The collection agency is hired under contract by the original creditor...you are not party to that agreement. You can ask but most agreements been the CA and OC specify that accounts can only be retracted only in a case of FDCPA violation. The debtor cannot request it.
