| Author |
Message |
|
Options 
Bookmark online
|
Guest
|
|
Subject: dv or settlement letter first?
|
|
|
Sat Mar 20, 2010 9:14 pm
|
|
|
| i have 10 open collections accounts. I cannot get a straight answer on this. should i send them a DV letter first. OR should i send a settlement letter first? |
|
|
cinnamngrl
Joined: 01 Nov 2008
cinnamngrl's page
Posts: 1455
6339 Magic Points
|
|
|
Guest
|
|
|
|
|
Sun Mar 21, 2010 3:12 am
|
|
|
Who do I send a dispute letter to? Do you have a sample?
If there are charge off on my old OC's and I get a pfd with the CA will the original items that say charge off come
of my report as well?If so Should I try to talk to the OC? Been 3 years. And how would I do this? |
|
|
cinnamngrl
Joined: 01 Nov 2008
cinnamngrl's page
Posts: 1455
6339 Magic Points
|
|
|
|
|
Sun Mar 21, 2010 12:21 pm
|
|
|
Dispute each tradeline with Credit Reporting Agencies
Step 1 is go to https://www.annualcreditreport.com/cra/index.jsp and get hard copies of all three
Next send a written dispute to each CRA (TU, EX and EQ)
don't dispute all ten at once. Dispute 2 or 3 of the worst
Wait 45 days for results (30 if you paid for reports)
if the CRAs verify then send dispute letters directly to the Tradeline furnishers (Collection agencys) this is 623 or DV
There are more methods. I wrote some letters with more detail for ehow. this would be in my links.
_________________
CMRRR Templates
How to PFD, OPT-out, Complain, etc
All credit articles at EHOW |
|
|
Aaron
Joined: 08 Feb 2010
Aaron's page
Posts: 2675
48566 Magic Points
|
|
Subject: send dv letters first
|
|
|
Mon Mar 22, 2010 7:10 am
|
|
|
Hi Guest,
You can send a debt validation letter to each collection agency to make sure how much you owe. You will get a sample "debt validation letter" at http://www.creditmagic.org/repair/sampleletter-debtvalidation.html .
After the validation of the debt, if you think that there are any wrong information regarding your accounts, you can dispute those. After that you can send settlement letters to the collection agencies. Debt settlement lowers the outstanding debt amount by 40-60%. Along with the settlement offers, you can also request the collection agencies to agree to a "Pay for delete" (PFD) agreement. If they agree to a PFD, your account will get reported as "Paid". You will get a sample PFD letter at http://www.creditmagic.org/repair/pay-for-delete.html .
Hope this helps.
Regards,
Aaron
_________________
Keep in touch  |
|
|
