OurCommunityPower.org >  Credit Forums   Debt Forums  Mortgage Forums  Insurance Forums
CreditMagic logo
Close

    LOG IN
Don't have an account? Sign up

*Email:
*Password:
*Display Name:
* denotes required field
*Email:
*Password:
Forgot password?
*E-mail:
  
HomeCredit ForumCredit repair

Clarification of the Validation Process

 Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
jenickki



Joined: 12 Aug 2008
jenickki's page
Posts: 8



502 Magic Points
Subject: Clarification of the Validation Process
 
 Posted on Tue Aug 12, 2008 5:45 pm  
Please clarify, if you can.

If I have sent cease & desist letters to "junk buyers" and they do not respond within 31 days, I am legally able to contact all 3 credit bureaus and ask that the negative reports (the actual listing) be removed because the junk buyer has not provided the proper validation.

Am I correct in this understanding?

Thank You.
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 631



8 Magic Points
 
 Posted on Wed Aug 13, 2008 1:32 am  
If you are asking if it will remove the collection agency or as you put it junk buyer off your report, it should.

however, I don't think that it will remove the original creditors statement from your report. You can try and see what happens, I don't think that one company can affect another companies reports though.
 
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 411



10724 Magic Points
 
 Posted on Wed Aug 13, 2008 10:57 am  
hi jenickki
Since you have already send Cease and Desist letter as they have not responded to your request for debt validation they have to stop collecting debt from you further. Now since 31 days have passed and they have not responded to your request for debt validation, you can send a dispute letter to the credit bureaus asking them to delete the listing from your report.
_________________
Best Wishes
Justin
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2843



1583 Magic Points
 
 Posted on Wed Aug 13, 2008 11:58 am  
Go get em girl. They had 31 days to respond so I am guessing they can not verify this debt. Get your disptes heard and credit report cleared of this one. Erb Is correct though in telling you it probaly will not remove the original creditor, only the collector. You must send a seperate debt validation letter to the original creditor to have them removed but be careful these are the ones that can usually varify the debt being that they would have the original contract.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Thu Aug 14, 2008 2:28 am  
You must also send a seperate dispute for each different company that is reporting the debt or has reported it in the past, so you are better off coming up with one letter and keeping it on your desk top and continue to use the same one, just change the company information on it each time you use it. Send the letters certified, return reciept requested and include a copy of all this to the credit reporting agency when you dispute because they did not validate.
_________________
Goodnatured,

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



Joined: 26 Feb 2008
fireyone's page
Posts: 2843



1583 Magic Points
 
 Posted on Thu Aug 14, 2008 1:28 pm  
Good advice GN. I sometimes forget to mention having to send to all three.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Fri Aug 15, 2008 9:57 am  
It sure is a process, it is like you have to develop a little check list, do what is on it and then follow up with the process through out the process. lOL, do you like the process?
_________________
Goodnatured,

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



Joined: 26 Feb 2008
fireyone's page
Posts: 2843



1583 Magic Points
 
 Posted on Fri Aug 15, 2008 11:24 am  
Everything is always a long process. It would be great though for people whom are unfamiliar with the debt validation process to have access to a checklist.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Sat Aug 16, 2008 12:00 am  
I can not imagine if everyone worked the way some of these agencies do, we would get nothing done.
_________________
Goodnatured,

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



Joined: 26 Feb 2008
fireyone's page
Posts: 2843



1583 Magic Points
 
 Posted on Sat Aug 16, 2008 2:33 pm  
Isn't that the trutht. I am finding this out the hard way with this atty. Even started taking matters into my own hands. Wonder if when it is all said and done they will onclude me in thier payroll?
 
dwight
Guest
 
 Posted on Tue Aug 26, 2008 4:23 pm  
Hopefully you sent the C&D letter after your staute of limitations. The silence from the CA could be that they are going to take you to court because you stated you no longer want to have contact per your C&D letter. So it could be taken both ways if you out of your SOL then send a follow up DV letter wait 15 then no response send all info to the CRA's. Let the CRA's know that the theis has been unverified and must be removed.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2843



1583 Magic Points
 
 Posted on Tue Aug 26, 2008 8:39 pm  
I always wondered if you weren't protected by SOL why you would send the cease and desist. It is like asking them to sue you.
 
jenickki



Joined: 12 Aug 2008
jenickki's page
Posts: 8



502 Magic Points
Subject: Clarification of the Validation Process
 
 Posted on Wed Sep 03, 2008 7:43 pm  
Well, I have taken matters into my own hands. I have contacted the BBB of Hampton Roads, VI, the BBB in Pennsylvania and the Attorney General to get these guys off my back. I know for a fact that Corbett is on it, I talk to them a great deal.

If they take me to court, so be it "bring it on"..they don't have a leg to stand on...just prove the debt I'll pay it.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2843



1583 Magic Points
 
 Posted on Fri Sep 05, 2008 12:26 am  
You go girl. I wish moer people would take this approach. It would cut back on some of these guys.
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 378



4034 Magic Points
 
 Posted on Sun Sep 07, 2008 4:59 pm  
jenickki

A FOAD letter will force them to stop contacting you all together about the debt in question. IT will not however require them to validate the debt or remove the listing in 30 days. Only a DV letter will force them to prove the acuracy of the debt and then remove it in the 30 days.

Also, it is very rare that DC can get this info in the 30 day time period. In my experience you will need to send a 2nd letter to them at 31 days and then if you do not get a responce in 45 days contact the CRAs and the FTC, BBB etc.

I recomend this b/c even in you get the mark removed due to lack of responce 32 days after they received the letter. If they come up with validation the next day they can put it back on. Also, when you dispute it via the CRAs they will 'investigate' the listing and most likely say it's legit forcing you toi send a MOV letter
_________________
****************************
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/
 
Quick Reply
Your Name
Subject
Message body
1 2  Next  
Page 1 of 2

 


All the works we publish comply with the Creative Commons Attribution License.
This work is licensed under cc by 2.0

Home Knowledge bank Forums About us

Members Area
  • Log in
  • Sign up
  • Bookmark us
Ask the Community
Join credit magic community
Search
  • Forum Search

Financial Tools
  • Credit Repair Tool

Financial blog reader.
Quick poll
Which one will increase FICO faster-Pay credit card balance in FULL OR leaving some balance behind?
Pay credit card balance in full 
Pay credit card balance in several months