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Lets say I have a 5 year old debt on my report. If I send a dvl and ca proves it is mine does that erase the 5 years and debt goes back to year 1? Like it was new debt?
Then if they do prove the debt is mine and I want to send them a pfd letter I will no longer be able to say "I am not admitting if this debt is mine or not but if I pay you ???? will you delete my debt?" Why, because they already proved it is mine. So do I need to delete that sentence and pay the whole amount?
Help.
It depends on the laws of your state. providing proof of the debt does not restart the clock in any state, but payment might. PFD letters should not admit responsibility.
do you have all your credit reports?
what state are you in?
what is the original creditor and the name of the CA?
what is the date of first delinquency? 30 days after last payment
I know we have talked before but if you start a new thread, I need you to state the details over
pay for delete after debt validation
Hi pab,
Debt validation does not restart the Statute of Limitations (SOL) on your debt.
Then if they do prove the debt is mine and I want to send them a pfd letter I will no longer be able to say "I am not admitting if this debt is mine or not but if I pay you ???? will you delete my debt?" Why, because they already proved it is mine. So do I need to delete that sentence and pay the whole amount?
Once a debt gets validated you cannot say in the "Pay for delete" (PFD) letter that the debt is not yours. You need to change the wording of the sample PFD letter according to your situation.
Thanks,
Aaron
I disagree. All DV tries to show is that they have reasonable cause to believe the debt is yours. They could be mistaken, or overstating the evidence they have. requesting DV, isn't disputing that the debt is yours anyway. You are asking if the collection agency has a legal right to attempt collection.
A PFD is a settlement. there is nothing wrong with asking for a no-fault settlement.