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HomeCredit ForumCredit repair

debt validation letters- collectors or creditors?

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desperate
Guest
Subject: debt validation letters- collectors or creditors?
 
 Posted on Wed Mar 05, 2008 7:57 pm  
Hi everybody,
This is a great web-site. A lot of useful information.
I have a question: should a debt validation letter be sent to collection agencies or to the creditors? or both?
Thank you
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2967



4129 Magic Points
 
 Posted on Wed Mar 05, 2008 8:11 pm  
I think it should be sent to whom ever owns the acount. I would send one to both the collection agency and the creditor unless someone here answer your question and knows the exact answer.
 
Morningstar

Morningstar

Joined: 17 Apr 2007
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Posts: 609



40 Magic Points
 
 Posted on Wed Mar 05, 2008 10:24 pm  
DV letters are for collection agencies, as creditors are usually not covered by the FDCPA.
_________________
I don't dream since I quit sleeping
 
Desperate
Guest
 
 Posted on Wed Mar 05, 2008 10:28 pm  
Thank you guys.
Since DV letters are for collection agencies, what should I sent to the creditors who reported me? as I do not recognise the debt in my credit report as mine. Or should I just call them and inquire?
Many thanks
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2967



4129 Magic Points
 
 Posted on Thu Mar 06, 2008 11:23 am  
You can always call and ask but maybe Morningstar has a better way of going about it.
 
Morningstar

Morningstar

Joined: 17 Apr 2007
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Posts: 609



40 Magic Points
 
 Posted on Fri Mar 07, 2008 3:18 am  
Nope, that's what I'd do, too. Find out exactly what it is, then proceed appropriately.
_________________
I don't dream since I quit sleeping
 
anthony

anthony

Joined: 31 Jul 2006
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Posts: 506



12637 Magic Points
 
 Posted on Fri Mar 07, 2008 9:08 am  
If that item is wrongly reported you should be disputing it the bureau.
_________________
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
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2967



4129 Magic Points
 
 Posted on Fri Mar 07, 2008 4:32 pm  
Hope you found the help you needed desperate and hope to hear how this all worked out for you.
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 378



4034 Magic Points
 
 Posted on Sat Jul 26, 2008 1:28 am  
You should send it to whomever made a mark on your CR
_________________
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fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2967



4129 Magic Points
 
 Posted on Sun Jul 27, 2008 1:15 am  
That would be the best thing to do.
 
Justin

Justin

Joined: 17 Jul 2006
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Posts: 440



11395 Magic Points
 
 Posted on Wed Jul 30, 2008 6:23 am  
I agree with Anthony. If the item is wrongly listed in your credit report, you can always send a dispute letter to the credit bureaus asking them to remove the listing. The CRAs will verify it with the original creditor and remove the listing from your report if you do not owe the debt.
_________________
Best Wishes
Justin
 
fireyone



Joined: 26 Feb 2008
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Posts: 2967



4129 Magic Points
 
 Posted on Wed Jul 30, 2008 12:10 pm  
Don't you hate how much trouble you have to go through to correct errors?
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 378



4034 Magic Points
 
 Posted on Wed Jul 30, 2008 7:58 pm  
While I am frightened that I am not agreeing with Justin and Anthony, I do feel the need to point out that the CRAs dont always do the most in depth investigation into a debts validity. If they did we wouldnt need DV and MOV. I have personally presented EXP with proof of a fraudulent account to be told it is not there job to validate it, just that the CA can prove they have the right info. While it was nothing a trip tp the local courthouse coudn't fix, if I left it up to EXP I'd still have that mark
_________________
****************************
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/
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2967



4129 Magic Points
 
 Posted on Thu Jul 31, 2008 1:59 pm  
Good point and your right about a trip to the local courhoaes. seems like just making he trip would save hassle and time.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3172



1093 Magic Points
 
 Posted on Tue Aug 05, 2008 12:10 am  
See, I am just a whole lot disgusted with these credit reporting agencies, these scores and reports means so much in every day life. I think they should be held to a higher standard. If the collector can not validate then it should not be put on the report. I think that the burden of proof should be on them after all they are the ones with all the paper work and proof, SUPPOSEDLY.
_________________
Goodnatured,

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