Credit repair

Help Please!!!

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pgenie

Joined: 17 Oct 2008
pgenie's page
Posts: 1

67 Magic Points

Subject: Help Please!!!

Fri Oct 17, 2008 1:17 am

I have had a old collection from PALISADE for my AT&T cell phone bill... It has been on my credit report for almost more than 2-3yrs. A few months ago I came across a credit repair board and found it very helpfull and with took some of the idea from there and got rid of some old collections from my report! I finally send PALISADE a DV letter... A week later the collection had gone off my report and my scores jumped!! I was really happy to see that and thought they could not validate the debt and so just took it off my report! A few days a ago I went to check my mail box and there was a big envolope from them, which bascially had copies of all my bills with ATT!!! WHAT DO I DO NOW! this basically means they have validated my request and now I am afraid that they might put the collection back in my report if I dont act fast.. I want to know what my next options are, should I just call them and try to settle with them for a lesser amount, or are there any other tools that I can use to my advantage!

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 424

10960 Magic Points

Fri Oct 17, 2008 12:23 pm

You should immediately pull out your credit report and check whether the listing is there. If you find the debt listed in your credit report, you can again send a debt validation letter by certified mail and get it removed from your report. As per the FDCP Act, if the creditor cannot validate the debt within 30 days of receipt of the DV letter, you are not liable to him for the debt. Now as you say that 3 years has already passed, it means that your SOL might have expired and if the SOL expires, you should not pay even a single amount because if you pay, the SOL may rewind and the Palisade can sue you to the court and bring judgment against you to recover the debt.
_________________
Where there's a will, there's a way !!

anthony

anthony

Joined: 31 Jul 2006
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Posts: 533

13296 Magic Points

Fri Oct 17, 2008 12:31 pm

Sending you bills does not mean that they have validated your debt. Validating the debt means that Palisade must first prove that the debt has been sold by AT&T to them. They need to mention the amount of outstanding debt and they need to send you documents which they have got from the original creditor. Can you tell me after how many days they have send you the bills from the date you have asked for validation.
_________________
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

Jinal
Guest

Fri Oct 17, 2008 6:26 pm

Thanks for your response anthony!! They send the the bill within the required 30 days that I stated on the letter! And guess what as I am typing this they updated my credit file again and put the collection back on!!! Can you please suggest me what step I can take now, I am willing to settle with them as the debt is mine but I do not remember the amount being more than $2000!!!

Jinal
Guest

Fri Oct 17, 2008 6:40 pm

Thanks for your response Mary!! They had removed it from my report (within 30 days)as soon as they received my letter, but now they put it back again on the report. So wht do i do now, Should I just let the collection sit on my report (which I dont want to as my score has gone down)!!

fireyone

Joined: 26 Feb 2008
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Posts: 3249

1340 Magic Points

Fri Oct 17, 2008 10:11 pm

The bill is probaly a lot higher due to interest and other charges. You need to do as Justin says and send them a DV letter by CERTIFIED mail. That way if they do not validate with in the 30 days then they can not continue to try and collect from you. What state are you from so we can check the SOL in your state?

Jinal
Guest

Fri Oct 17, 2008 10:22 pm

Thanks fireyone! As I said I alrady sent DV by certified mail last month, and they verified by send the bill, and now they put the collectionn back again in my credit report! When I used ATT i was in chicago, IL but i recently moved to Minneapolis, MN

AMG Consulting Group Inc.

Joined: 19 Oct 2008
AMGConsultingGroupInc's page
Posts: 13
Location: Los Angeles. CA

623 Magic Points

Sun Oct 19, 2008 6:53 am

Once a debt goes into collection it will raise to a tremendous amount. You may have only owed $300. If you owe money, and in your heart you know it. You should pay it.

If you want to handle it yourself, then do your best to settle it minus all of the fees. You need to create a budget and statement showing what you really owed to begin with. That should knock the bill in half.

Once you agree to a price; make sure they have it removed from your report. Most companies will avoid it, but all they need to do is type it in their contract.

We provide this for all of our clients on all of the debt they owe. We get it settled as low as 30 cents on the dollar and get it removed from their report.

www.amgconsultinggroup.com

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 3249

1340 Magic Points

Sun Oct 19, 2008 11:58 pm

That is a pretty awesome rate. Thirty cents ont he dollar. What are your charges to accomplish this and why coluldn't a person do it on their own?

AMG Consulting Group Inc.

Joined: 19 Oct 2008
AMGConsultingGroupInc's page
Posts: 13
Location: Los Angeles. CA

623 Magic Points

Mon Oct 20, 2008 3:42 am

A person can do everything on his own. A person can change their own oil. A person can wash their own car. I prefer to do everything on my own, but their are moments in life when you just don't have time and you want to just get it done right and well.

I have a 5 month program that totals $499.00. We only require a $99 deposit to start. We act as your advocate to get your debt cleared and credit improved. We don't sit back and expect things to fall off from dispute letters. After we verify the debt, we negotiate to get it reduced and paid off and removed from your report.

"www.AMGconsultinggroup.com"

goodnatured

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

2257 Magic Points

Mon Oct 20, 2008 1:41 pm

If you have any advice to give to the forum members it would be greatly appreciated. I think that most of the senior members here have got their debt pretty much under control and are here to pass those lessons learned onto the new people that come on to the site with the burdens that come along with debt.

So since you apparently work in this field, your expertise here will be more than welcomed. Glad to have you aboard and look forward to see your posts advising people in bad credit situations on how to handle it and get through with out costs. Again, welcome aboard.
_________________
Goodnatured,

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

fireyone

Joined: 26 Feb 2008
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Posts: 3249

1340 Magic Points

Mon Oct 20, 2008 4:07 pm

Excellent post Gn.

goodnatured

Joined: 03 Nov 2007
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Posts: 3235

2257 Magic Points

Wed Oct 22, 2008 2:03 am

Just would like to see some of these guys come on and actually help some one out instead of soliciting business for themselves or some other company.
_________________
Goodnatured,

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

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 424

10960 Magic Points

Wed Oct 22, 2008 5:24 am

Hi Jinal
You should not allow any unauthorized negative listing in your credit report as it would reduce your credit score. They might have put in a new debt in your credit report. If it is so, then you should send a DV letter again by certified mail and if they validate it, you should come to a repayment agreement to pay it back. But if they have put in the same debt again which they have not yet validated, you should send them another letter telling them that they are in violation of the FDCP Act and you will file a lawsuit if they fail to remove the negative listing from your credit report.
_________________
Where there's a will, there's a way !!

carol

Joined: 27 Jun 2006
carol's page
Posts: 462

12343 Magic Points

Wed Oct 22, 2008 5:50 am

Yes, I agree with you Mary. After you send the second letter the creditor, you should wait for at least 15 to 20 days for their response. Mostly, you will see that the Collection Agencies after receiving your second letter will agree to remove the listing from the report if they cannot validate the debt, by sending you letter that they agree to remove the listing. Now you should send a dispute letter along with the copy of the letter you got from the CA to the credit bureaus and the credit bureaus will remove the listing from your report.
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Keep in touch
Carol

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