Credit Report Question and Dispute

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SIA

Joined: 18 Oct 2009
SIA's page
Posts: 59

1278 Magic Points

Subject: Credit Report Question and Dispute

Fri Oct 23, 2009 6:05 pm

Should I question everything on my credit report? About 5 years ago I had some problems and was not able to pay a few credit card companies. Each were charged off. I know I owe the money, but they have been passed to different collection agencies. I do not know which was the original creditor. Some of the debt I don't even know if it is accurate. Should I question everything on there and then let the credit bureau figure it out? Or should I try and research each collection agency and try to figure out who I owe.

debranewell2008

Joined: 10 Oct 2009
debranewell2008's page
Posts: 422

7270 Magic Points

Sat Oct 24, 2009 11:14 am

I would send debt validation letters to each of them. Send them certified with receipt. This way they will have to send you proof verifying it is your debt. From what I have read a lot of the collection agency buy the debt and can not verify the debt. If this happens you can dispute it with the credit agency sending them the proof you sent them the debt validation letter and they couldn't send you proof it was yours. Then it should be removed from your credit report. On the other hand if they can prove that the debt belongs to you. Then you can send a pay for delete letter asking them to remove the negative item from your report once it has been paid.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1343

162 Magic Points

Subject: debt

Sat Oct 24, 2009 1:01 pm

Ok....have a question reguarding the issue above. The OP said it's been "about 5 years ago." I'm sure it's on her CR. Shouldn't the OP find out what the SOL is in 'her' state and go from there?

debranewell2008

Joined: 10 Oct 2009
debranewell2008's page
Posts: 422

7270 Magic Points

Sat Oct 24, 2009 1:35 pm

Yes sure every state is different and if the SOL has past. Then she would need to send a letter to each of them stating that. But don't make any payments because if she does the SOL will start over again. Thanks for reminding me of this. I just assume when they say I owe they have checked the SOL. Thanks

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