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Help - Account Written off to CA

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Subject: Help - Account Written off to CA
 
 Posted on Mon Jan 25, 2010 8:39 pm  
I fell behind on a Citibank personal loan in 2009. I owed about $600 as of June 2009.

The account was written off in July for $458. I made multiple payments through the end of the year, paying what I could to Citibank.

However, it appears they have sold my account to Protocol Recovery Services out of Pensacola, FL with a balance due of $175. They called me out of the blue last week asking for payment.

In my credit reports, it all shows as Citibank and nothing through Protocol. I am willing to pay, but do not know what process I need to take or who I need to pay in order to try and repair/remove it from my credit as much as possible.
cinnamngrl

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455



6339 Magic Points
 
 Posted on Tue Jan 26, 2010 2:32 am  
send a DV letter
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debranewell2008



Joined: 10 Oct 2009
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99 Magic Points
 
 Posted on Tue Jan 26, 2010 2:42 am  
If you know the debt is yours you can send a pay for delete letter asking the creditor if they would be willing to remove the negative listing from your credit report once you have paid. Just keep in mind not all creditors will agree to do this. But it is worth a try.
Aaron
Guest
Subject: Account Written off to CA
 
 Posted on Tue Jan 26, 2010 4:46 am  
Hi Guest,

First thing you should do is to send a "cease and desist letter" to Protocol Recovery Series mentioning that you wish to contact the original creditor, otherwise you can sue them .

After this you should contact your original creditor, Citibank. You should first mail them a validation of debt letter. After they answer back, send them a "pay for delete letter" making your intention clear that you wish to pay your dues. If the creditor agrees for the pay for delete the negative listing will be removed from your credit report.

Hope this will help you.

Thanks.
Guest







Subject: no
 
 Posted on Tue Jan 26, 2010 10:28 am  
Quote:
If you know the debt is yours you can send a pay for delete letter asking the creditor if they would be willing to remove the negative listing from your credit report once you have paid. Just keep in mind not all creditors will agree to do this. But it is worth a try.


Do not send a Pay For Delete letter until you go through all the steps. First make the creditor validate with DV letter
cinnamngrl

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6339 Magic Points
 
 Posted on Tue Jan 26, 2010 10:35 am  
doing a PFD now will admit everything before you need to. make them show the records before you make an offer.
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wcd579

wcd579

Joined: 26 Jan 2010
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206 Magic Points
 
 Posted on Tue Jan 26, 2010 2:15 pm  
you need to determine if Citi sold the debt or just contracted them to manage the collection.
cinnamngrl

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455



6339 Magic Points
 
 Posted on Tue Jan 26, 2010 11:38 pm  
wcd is right. Please do the DV letter
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