Subject: CA verified with CRA, did not respond to my DV
Tue Jul 25, 2006 11:36 am
I disputed one account on my credit report. I sent DV to the collection agency and disputed with the credit bureau. CA did not respond to my DV but verified it with the bureau. So the item is still showing. What are my options now?
You always have the right to dispute with the collection agencies and its a smart move. Now since they haven’t responded you need to send a letter to the credit bureau mentioning that you sent a DV letter to the CA but they haven’t replied yet (guess that the 30 days time limit is over). _________________ Where there's a will, there's a way !!
DV stands for debt validation. You will know more in the FDCPA page I have referred below (Section 809).
And CA stands for collection agency. It is very important that know your rights when dealing with a debt collector. Please go through the FDCPA laws to know more about your rights as a consumer:
The Fair Debt Collection Practices Act
Fri Mar 06, 2009 5:13 pm
what does CRA stand for?
Joined: 27 Jun 2006 carol's page Posts: 1299 Location: Los Angeles, California
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.