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how to fight collection companies

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bubba22



Joined: 24 Apr 2008
bubba22's page
Posts: 7



317 Magic Points
Subject: how to fight collection companies
 
 Posted on Tue Jun 10, 2008 4:03 pm  
i am trying to fix my credit report by myself.i have had some some items removed .my main problem now is collection agencies .what type of letter should i use to make them prove i owe there company money.i have sent letters but have gotten no replies.
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 376



4057 Magic Points
 
 Posted on Tue Jun 10, 2008 6:45 pm  
Okay, what you need to do is look up the SOL on the debts in your state. I posted a thread with a bit of a cheat sheet.

Next you send DV letters (You can also find a few I posted here) to the CAs that are not past the SOL. Send the letters via USPS cert mail. 30 days after you sent the first letter send a second letter.

Once you send the 2nd letter dispute the listings with the 3 CRAS.

If they come back verified through the CRAs start the MOV process (I posted that process too)

Now, 30 days after the 2nd letter has been sent you should have your MOV responces from the CRAs.

IF the CAs have not yet responded to your letters send the letter I posted to the CRAs along with your copies of the DV letters and cert mail reciepts.

Once the CRAs respond to those letters send a ITS letter to each CA and CRA that left negative info on your CR without verifying the debt.

I would send PFD to the compnys that did validate the debt in place of the ITS letters
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Free sample letters,
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and quick credit repair tips.
Pesonalized credit repair advice in the forum:

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scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 198



5299 Magic Points
 
 Posted on Wed Jun 11, 2008 7:13 am  
Hi Bubba
The most important instrument for you in this case is the debt validation letter to the collection agencies which they must respond in order to claim money from you. Make all correspondence with the collection agencies in writing. Wait for 30 days for their response. If they cannot validate your debt, send a dispute letter to the CRAs telling them that you do not agree with the listing in the credit report.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
Nikole
Guest
Subject: Collectio agencies
 
 Posted on Fri Jun 27, 2008 2:43 am  
How do I find out what collection agencies I owe money to when they are not on my credit report?
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 533



13296 Magic Points
 
 Posted on Fri Jun 27, 2008 9:51 am  
Hi guest
If you do not find names of any collection agency in your credit report, you need not worry. All that you need to do is to find out or list the creditors whom you owe money and try to repay them. If you have some debts with any creditor, he or some CA to whom he sold off the debt, reports the debt to the CRA and this debt gets reflected in your credit report. Once it gets reflected in your credit report it will stay there for 7 years and lowers your credit score. So you need not search the collection agencies that are not listed in your report, but since you know the creditors from whom you had taken debt and to whom you have not repaid, try to repay them before it gets reflected in your credit report.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
Wendy
Guest
Subject: Law Firm as a Collection Agency
 
 Posted on Fri Jun 27, 2008 10:53 pm  
What if a law firm is trying to collect a debt for the a credit card company can you sent a DV letter to the law firm? Will the law firm validate the debt. How does that work?
 
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 198



5299 Magic Points
 
 Posted on Mon Jun 30, 2008 7:40 am  
Hi Wendy
You can always send a DV letter to the law firm if it is acting as a collecting agency for your credit card company. If your debt has been sold off to the credit card company, they can validate your debt, else not. If they validate your debt, contact them for a repayment plan. If they cannot validate your debt within 30 days from the date of receipt of your DV letter, they cannot legally claim the debt from you.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 533



13296 Magic Points
 
 Posted on Mon Jun 30, 2008 8:36 am  
I agree with Scott. If you send them a debt validation letter, the debt collector or the law firm as in your case, must cease all collection of the debt from you as per Section 809 of FDCPA till the time they obtain verification of the debt or any copy of a judgment. They need to validate your debt within 30 days from the receipt of your DV letter.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3235



2257 Magic Points
 
 Posted on Tue Jul 01, 2008 12:57 am  
hey bubba22, how did you get things removed????? I have some old credit cards that I have paid off and they still are under negative activity because of bad payment history, they do reflect paid, but still in the negative, any advice would be greatly appreciated. thanks in advance.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3235



2257 Magic Points
 
 Posted on Fri Jul 25, 2008 10:37 pm  
Your website is not working, I copy and pasted it in the address bar and did not get the page that you state above.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 376



4057 Magic Points
 
 Posted on Sat Jul 26, 2008 1:01 am  
GN you will have a REALLY hard time getting a paid account altered to your benefit since you have no leverage. You can try sending a goodwill letter. Your chances will be better if you still have an account with them either way it wont hurt you to send it.
_________________
****************************
Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:

www.homecreditrepair.net

http://homecreditrepair.hqforums.net/
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1127



1045 Magic Points
Subject: debt
 
 Posted on Sat Jul 26, 2008 9:27 am  
As I'm reading posts this AM, I'm noticing a few DOUBLE-posts. The post from 'BESTBUYCREDITREPAIR' has been posted a few places.......same exact words. i'm not saying the person is not trying to help people, I'm just saying it doesn't seem 'real' if it's the SAME wprds used in the post.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3242



1180 Magic Points
 
 Posted on Sun Jul 27, 2008 1:42 am  
I know. It is really aggravating. I am surprised a moderator hasn't caught this. Can you believe someone went to this effort to repeat their post? Must be cheaper than an ad in the local paper.
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1127



1045 Magic Points
Subject: credit
 
 Posted on Sun Jul 27, 2008 9:21 am  
There are 'REAL' people, on this forum, who are willing to help people ( like me..LOL) When you see 'double posts', like the ones above, you wonder...is this person really willing to help others, or JUST themselves?
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3242



1180 Magic Points
 
 Posted on Mon Jul 28, 2008 2:44 pm  
I am gonna take a quick guess here and say themselves.
 
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