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Building new credit after disaster

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scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 163



4471 Magic Points
 
 Posted on Thu May 22, 2008 8:58 am  
Firstly, I would like to thank CMBV for posting such an informative letter in the fourm. If the CA fails to validate the debt, you can ask them to remove the debt from your CR. If they do not respond or remove, you can complain against the CA to the FTC and sue them for 1,000 $. One should always make all correspondence with the CA and CRAs through certified mail. I think the steps of correspondance as mention by CMBV should be followed.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 373



3898 Magic Points
 
 Posted on Thu May 22, 2008 9:01 pm  
Quote:
Yep..I get it. Doing all of that, and then NOT having the money to pay for the validated debts, would make me look bad. Yep.makes sense



Personally, I couldn't care less what CAs think of me. I just wouldnt want to know that i had just made them get all of the paperwork togther they would need to sue me and not be able to pay them off

~And thanks Scott Smile
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Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:

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http://homecreditrepair.hqforums.net/
 
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 163



4471 Magic Points
 
 Posted on Fri May 23, 2008 6:46 am  
Hi sdchargers
It is not the question of what the CAs think of you, but of how you can get out of the debt. The CAs are there only to harass you and so after getting the validation try to get a deal with the CAs for a repayment plan. Agree for the repayment plan only if you find it suitable for you. You can also go for a debt consolidation if you think.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 714



75 Magic Points
Subject: credit
 
 Posted on Fri May 23, 2008 6:58 am  
People can only do what they can do. A CA should 'appriciate' that. If a CA tells me "this is how it is and 'we' won't take anything less..." well.....I guess they get nothing. You can only afford what you can afford..ya know?
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1857



8785 Magic Points
 
 Posted on Sat May 24, 2008 3:15 am  
I got ya there sd. I mean if there isn't money in the budget how and where do they think you can pull this from? Even if you consolidate or agree to make payments they are usually high ones. I don't know about others but I would be lucky if I could find any extra money in my budget for anything other than neccesities. Whats a person to do?
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 373



3898 Magic Points
 
 Posted on Sat May 24, 2008 5:08 am  
sdchargers_63,

save yourself the headache and stop talking to them on the phone! Send them a FOAD letter expressing calls to your home/work are not allowed and do all of your talking through the mail.
_________________
****************************
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/
 
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 163



4471 Magic Points
 
 Posted on Sat May 24, 2008 7:03 am  
I too agree with CMBV on the point that we should stop all communications with the CAs over phone and have everything in writing.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
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