OurCommunityPower.org >  Credit Forums   Debt Forums  Mortgage Forums  Insurance Forums
CreditMagic: Helping you build up credit
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

Debt Validation Letter

 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
 
CMBV22

CMBV22

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



4057 Magic Points
 
 Posted on Wed Jul 09, 2008 6:01 am  
good. also make complaints with the BBB and FTC it really is helpful
_________________
****************************
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/
 
Mary

Mary

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



10960 Magic Points
 
 Posted on Wed Jul 09, 2008 6:16 am  
Hi goodnatured
Sent copies to all the three credit bureaus by certified mail. The CRAs will review your letter and verify with the collection agencies. If the CAs cannot satisfy the CRAs then the listing will automatically get removed form your credit report.
_________________
Where there's a will, there's a way !!
 
goodnatured



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



2257 Magic Points
 
 Posted on Thu Jul 10, 2008 3:04 am  
great, I have copies of everything, I will get them out to them as soon as I make more copies, back to work on monday, so will take care of it by the weekend here.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Angel
Guest
 
 Posted on Tue Jul 15, 2008 1:03 pm  
A CA is calling daily trying to collect on a 11+ year-old debt AND they're showing up on all 3 of my credit reports. Do you think it's a good idea to inform them via phone, fax the Debt Validation Letter and then send the hard copy of DVL via certified letter? OR would it be best to just dispute with CRAs and then wait 30-days to send that 1st DVL?
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 627



-15 Magic Points
 
 Posted on Wed Jul 16, 2008 2:17 am  
I would deal with the collection agency directly, a debt validation letter will do the trick for at least the thirty day break in the collection activity until they validate. More than likely they will not, and they will sell it off.

If you haven't yet, the seven years is up and the dispute needs to be filed with the credit reporting to remove them from your reports.
 
Mary

Mary

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



10960 Magic Points
 
 Posted on Wed Jul 16, 2008 11:14 am  
Hi Angel
Since the debt is 11 years old, I am quite sure that the collection agency will not be able to validate your debt and if they can't validate the debt within 30 days of receipt of your letter as erb said, you can dispute the listing with the credit bureaus with the documents. Make all correspondence with the CAs under certified mail.
_________________
Where there's a will, there's a way !!
 
anthony

anthony

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



13296 Magic Points
 
 Posted on Wed Jul 16, 2008 11:23 am  
A 11 year old debt should not be listed in your credit report. If you dispute with the credit bureaus directly, it would be deleted by them. But I think you should go for debt validation first, wait for 30 days and then send a dispute letter. Another thing is that if the CA asks you for any payment, do not make it, as it will rewind your SOL and the CA can charge you for the full amount of the debt.
_________________
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 Wed Jul 16, 2008 1:43 pm  
I wonder why it is still on the report two, I am wondering also when is the last time that you made a payment on the account, was it with in the last 7 years, making activity post to your credit report current in the last 7 years.
_________________
Goodnatured,

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

anthony

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



13296 Magic Points
 
 Posted on Thu Jul 17, 2008 6:52 am  
Hi Angel,
I too think that you may have made a payment within the last seven years and that is the main reason why the debt is again listed in your credit report. If you have made any payment within the last seven years, you need to come to a repayment agreement with the creditor because the creditor may sue you. However, if you have not made any payment, you can send a dispute letter to the CRAs telling them that you do not agree with the listing.
_________________
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
 
kay
Guest
Subject: debt validation
 
 Posted on Wed Oct 29, 2008 7:09 pm  
i sent debt validation to an attorney office certified mail and received a letter from them that it was received. That was 2 months ago and never recevied the validation. Now they have reported a neg on my credit report. What step do I take now.. thanks
 
Quick Reply
Your Name
Subject
Message body
 Previous  1 2
Page 2 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
  • Letters of Credit
  • Credit Repair Tool
    (By MortgageFit Community)

Quick poll
Which is of more importance... Credit score or FICO score?
FICO Score 
Credit Score