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HomeCredit ForumCredit repair

Best Way to Dispute/Validate Certified Recovery-Payday Loans

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swoosh60



Joined: 15 Apr 2008
swoosh60's page
Posts: 1



39 Magic Points
Subject: Best Way to Dispute/Validate Certified Recovery-Payday Loans
 
 Posted on Tue Apr 15, 2008 9:23 pm  
I have 2 old payday loans, 1 with United Cash and 1 with Preferred Cash (old from '04) that are showing on my CRAs being collected by Certified Recovery in Houston. Looking to have them validate the debt (plan to send letter certified). They haven't updated my reports since '05. I really need to get these deleted ... will this just stir up trouble and have them calling me. I honestly have never heard from this collection agency before, but am trying to clean up my reports. Thanks for any advice!
 
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1407



34540 Magic Points
 
 Posted on Wed Apr 16, 2008 4:11 am  
So basically these loans are not yours. Simply go ahead and dispute them with the concerned credit bureau/s. Validation letter right now will complicate the process, the dispute will lead to investigation the bureaus which is better I think.
_________________
Regards,
Laura.
 
Swoosh
Guest
 
 Posted on Wed Apr 16, 2008 2:02 pm  
These ARE mine. I'm not trying to get out of paying them ... I just haven't had the money up until now to try to do anything at all about them. I'm from Wisconsin, are these "legal" payday loans for my state, do you know?

I have 2 different addresses for Certified Recovery--at this point I want them to validate. Was planning to send letters to both addresses.

I guess my biggest question is this: since they haven't made a peep since 2005 (last reported on my reports), and these are from 2004, will sending Certified a letter now restart collection actions?

I read on another board that they cannot "sue" me for these as they were internet loans. I'm not sure that's true.

In any event, I no longer have any records on what I paid for either of these loans. One is for $270 and the other is around $350. I no longer have the bank account from that time. I do recall I kept renewing both loans so I paid on them for awhile. I can pay these now, if push comes to shove, but want them removed from my reports most importantly. Not just going to pay them and have them report it as a "paid collection," that's not going to help me here.

Thanks for any replies!
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 493



12319 Magic Points
 
 Posted on Wed Apr 23, 2008 10:59 am  
Hi Swoosh,

I think they are rip offs. I just googled complains against them. You can dispute these with the bureau. That might help.
_________________
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
 
Guest







 
 Posted on Wed Apr 23, 2008 3:55 pm  
Anthony,

Thanks for the reply. I also posted this over in the PDL forum (I'm new to this website--so I didn't see the PDL forum at first).

They also suggested to first just dispute with the bureaus, which I did last Friday, so we'll see what happens. I'm really hoping that Certified Recovery won't verify with the CRA's, and then they'll just get deleted.
 
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1407



34540 Magic Points
 
 Posted on Fri Apr 25, 2008 5:45 am  
Hi Swoosh

I did misunderstand what you said. If these PDL's are rip offs as Anthony said I am sure your disputes would work. All the best.
_________________
Regards,
Laura.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2858



1966 Magic Points
 
 Posted on Sun Apr 27, 2008 1:58 am  
Disputes are best if they are showing up as scumbags. I would rather dispute with the credit agency than deal with them. I like you though have the same concern. I have an old doc bill on mine. I was going to call and see what they wanted to be rid of it but a collection company picked up the account. I googled them, and found out awful info so I decided to just let it drop off.
 
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1407



34540 Magic Points
 
 Posted on Mon Apr 28, 2008 6:55 am  
Hi Swoosh what is the update with your PDL?
_________________
Regards,
Laura.
 
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