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I just got their idea of a validation letter. It stated that the Acct # was assigned or sold to them on 2007 original balance is 2000.00 less than current because of interest they charged . summary of information listed in electronic file acct holders name xxxxxx date acct opened 2000.00 balance at date of purchase 4000.00 interest accrued since date of purchased or last payment to CA 2000 Total balance due as of this date 6000.00 Thats it At the bottom they state that if they receive no information or documentation describing the details of dispute by 5/2010 then the investigation will be terminated they did not send me the copy of the original contract

The CA never validated. I have now received from my dispute with the CRAs. Transunion and Equifax verified.I see that the CA reported in April. So I know they violated a law. But since I have to deal with them, I will just bite the bullet. I called the CA this weekend and was told that the account is in their dispute dept and i have to call them Monday. Funny they have it in dispute . yet it was verified. When I call what should I start off with, Should I ask for validation , proof that they can collect or should i just go ahead and offer an amount.. I do have a a limited time to do this. I will not offer based on the fees, because they have no right to add fees on top. I will just settle based on original amount

Dammit . Just got a letter from Trans union that it was verified and now the date is updated as on 4/2010 . It will fall off in 2013 . CA never sent me the debt validation letter to verify if they collect..So since the CA can add fees does that mean I cannot try and settle based on the charge off amount. UGh ..

I have to pay a CA and am not sure what to do. A letter was sent to us a few months ago for settlement and we ignored it , it included the fees on top of it . ( Example) original balance was 4000.00 Its now 7000.00 Sol in PA is 4 years It is still in the SOL DT( Last deli, 2007 I think) I want to settle on the original amt instead. (Question is How do i go about this?) I did send validation letter and disputed with the CRAs. No response from the CA and its still under investigating by the credit bureaus. I know That I should continue with the dispute but due to circumstances I have to do this. Any advice. I wish I could do this by a paper trail, but time is off essence

I used why chats process. I will send the CRAs copies of the returned mail and ask them to . Hopefully that works

bump

I have a 8 medical collection accounts from MBS dated 2006 I am in Pa . It is for small amounts $13, $20 and so forth I disputed it with Experian I recieved a letter saying contact the creditor. A number was given, but I took the address from the credit report and mailed MBS a CMRR letter to validate. All my correspondence has been returned due to unable to located .. What do I do now? Should I call the number that was given.? 2) second case. My has husband also has two medical collection from MBS from Experian $204 and $133 It was disputed . recieved same info from Experian to contact the creditor Our CMRR was also returned . But one of his medical collection which was showing $133 now shows that a payment of $110 was made . now with a balance of $23.00 We also received a notice that a fraud alert was placed on all three of the CRA's. which we did not authorize. I think a letter I sent to delete addresses was misread. I stated that others may be getting our mail, since Experian updated two pervious address as current, When we have not lived in those apts since 2004.

Well I have the green card back from portfolio , I have disputed it already with the Cra's. What is my next step?. I have had no letter of validation yet. I guess i just wait

Never payoff a judgment or collection when applying for a mortgage loan. Try to negotiate that the account will be paid in escrow. Can someone explain this sentence to me?. I was told that I can be preapproved if the collections can be paid off I sent a DV letter to Portfolio Recoveries . Also at the same time sent a dispute letter to CRAs. Awaiting the greenback. If the chance comes up for settlement when can that occur, after closing or right before. Plus what is escrow?. Is it when a money is stored for paying the collections?.

It went bad in 8/2006 . I think that the last payment to BOF was Aug or sept of 2006.. I have about 1000 to 1500 to settle. I was thinking of sending portfolio a DV letter before I pay and then disputing each line with the CRA . It may be a while before I can purchase a home now. We got our credit reports through the free annual credit report and i was wondering if it would be faster to do an online dispute rather than mail.. I want to send all these letters out by tomorrow.. thanks for your help. MBNA was noted for Rule5000 reaging, although they did not call them that... @ Centex that was a differnt post. MBNA ended up reaging only from 2009 to now to bring me current other past due remained. I am now working on my husband's acount regarding portfolio recovieries

I think it is in Sol . It was charged off in 2007 . So I assume It will be out of Sol by next year. 4 years for PA I was hoping to wait then, But since we are trying to purchase a home. I feel that we are in a hard place. This is the only big neg on credit report. The lender states all collection must be paid or disputed. I was going to start typing letters tonight. But I am not sure where to begin and how fast the process will take .. Thanks for the comments

Can anyone give me an idea of what to start with. Should I DV them first or the CRAs . Alo noted that it said last pymt 81.00 We never sent them a payment.

Can anyone help me ?

Help!!! We tried to apply for a mortgage today and was told that a collections on husband's account will have to be paid off first . It is a big one. It i reported by portfolio Recoveries for an amount of 6000. we were told that we have to dispute that and pay it off if it is ours. He had an account that was with MBNA/Bank of American and it was transfered to another party. We disputed the account in 2007 I think and it came back as verified. Now it is hurting our chances and I see the balance keep getting higher for no reason. I saw a settlement letter form them a while back for 4000 . we don;t have the money , but now i want them to go away .. Please help. I need a detailed explanation of how to get them of my husband's credit This is the previous post about them. #3307053 here it is now as it attends on his report. BANK OF AMERICA Status: Account charged off. $3,338 written off. Status Details: This account is scheduled to continue on record until Jun 2013. This item was verified on Sep 2005 and remained unchanged Date Opened: 08/2000 Reported Since: 09/2000 Date of Status: 03/2007 Last Reported: 03/2007 Type: Revolving Terms: NA Monthly Payment: $0 Responsibility: Individual Credit Limit/Original Amount: $6,500 High Balance: $6,034 Recent Balance: $0 as of 03/2007 Recent Payment: $0 Your Statement: Account closed at consumer's request. Creditor's Statement: Purchased by another lender PORTFOLIO RECOVERY ASSOCIATES Original creditor MBNA AMERICA BANK / BANK OF AM Status: Collection account. $5,909 past due as of Jan 2010. Status Details: This account is scheduled to continue on record until Jun 2013. Date Opened: 03/2007 Reported Since: 05/2007 Date of Status: 05/2007 Last Reported: 01/2010 Type: Installment Terms: 1 Months Monthly Payment: $0 Responsibility: Individual Credit Limit/Original Amount: $3,338 High Balance: NA Recent Balance: $5,909 as of 01/2010 Recent Payment: $81 Account History: Collection as of May 2007 to Jan 2010 Accounts

Help!!! We tried to apply for a mortgage today and was told that a collections on husband's account will have to be paid off first . It is a big one. It i reported by portfolio Recoveries for an amount of 6000. we were told that we have to dispute that and pay it off if it is ours. He had an account that was with MBNA/Bank of American and it was transfered to another party. We disputed the account in 2007 I think and it came back as verified. Now it is hurting our chances and I see the balance keep getting higher for no reason. I saw a settlement letter form them a while back for 4000 . we don;t have the money , but now i want them to go away .. Please help. I need a detailed explanation of how to get them of my husband's credit This is the previous post about them. #3307053 here it is now as it attends on his report. BANK OF AMERICA Status: Account charged off. $3,338 written off. Status Details: This account is scheduled to continue on record until Jun 2013. This item was verified on Sep 2005 and remained unchanged Date Opened: 08/2000 Reported Since: 09/2000 Date of Status: 03/2007 Last Reported: 03/2007 Type: Revolving Terms: NA Monthly Payment: $0 Responsibility: Individual Credit Limit/Original Amount: $6,500 High Balance: $6,034 Recent Balance: $0 as of 03/2007 Recent Payment: $0 Your Statement: Account closed at consumer's request. Creditor's Statement: Purchased by another lender PORTFOLIO RECOVERY ASSOCIATES Original creditor MBNA AMERICA BANK / BANK OF AM Status: Collection account. $5,909 past due as of Jan 2010. Status Details: This account is scheduled to continue on record until Jun 2013. Date Opened: 03/2007 Reported Since: 05/2007 Date of Status: 05/2007 Last Reported: 01/2010 Type: Installment Terms: 1 Months Monthly Payment: $0 Responsibility: Individual Credit Limit/Original Amount: $3,338 High Balance: NA Recent Balance: $5,909 as of 01/2010 Recent Payment: $81 Account History: Collection as of May 2007 to Jan 2010 Accounts