xfazer

I had an arrangement to pay back at a lesser amount with PenFed, but when Covid happened around the world, it fell through the cracks. - July 8, 2020, received a letter from PFCU stating it was sold to SCS on 06/30/2020 for $13,643.17 SCS is in Oxford, MS - July 8, 2020 received general letter from MRS for SCS typical 30 day dispute... (did not reply) - July 28, 2020 received general letter with payment options (just found in junk mail drawer) - Sept. 30, 2020 received a new generic letter from Central Portfolio Control for SCS - current creditor asking for more to resolve. - (in junk drawer did not reply) Let's focus on what do I do now, not what I should have done. I will say that this law firms stationary looks like it came off a cereal box, but it is a signature in ink at the bottom. The only license stating on the letterhead is Georgia. * You would think that SCS being in Mississippi would have gotten a Mississippi lawyer. Regardless, do I try to make arrangements with one of the collection places that wrote last year in July? Wait and see what the current Georgia lawyer replies with regarding my dispute letter? Just trying to figure out what is the best course of action.

So what are you suggesting? I sent a return receipt letter stating to validate the claim. Should I not have done that? Should I call and just say give me a payment plan, or let him send what I asked for? I don't mind setting up payment plans but $14K is a lot to shell out if they will only do it in 4 installments. I don't know how many installments or payback plan they want, but I don't want this to go to court, that's why I'm asking!

I don't have any old files. I contacted Penfed, they sold it to SCS who now a Law firm has written a letter and I have 30 days to dispute. Do I write a dispute letter to the attorney?

3 years. So I'm still within SOL. DOFD is August 2019

In brief, my Penfed Visa card went to chg. off in 2019 and sold to SCS. Today 11/14, I receive a letter from Skandalakis Law Group (licensed to practice in GA) - I'm in MS - that they represent SCS which acquired the debt from PFCU. The letter is dated 11/1/2021, but was received and postmarked on 11/12/2021 - stating I have 30 days to dispute the validity from date of letter. I just received it. I think the amount is wrong - but what do I need to do? This isn't about my credit report, this is about negotiating and having some time on this debt which is about $14,323.00. Thank you

I had a Penfed Visa that was closed and I was making monthly payments to them on a payment plan. Well Covid-19 happened and I fell behind on the payments. When I contacted them about 3 months later, they told me that my account was sold to Sec Credit Serv (located in my state). I never received a collection letter from them. However, what I did receive was a collection letter from MRS, then two weeks after that I received another one from them with offers. Then 2 months after those letters I received one from a different company Central Portfolio, and just this week a different collection letter from yet again another company. That's a lot of different collection companies and none are who the OC stated they sold it to. So advice on the best way to handle this? The original debt is $14,206.89 and chg off date was Feb 2019. my state has a 3yr. SOL. Thanks

I think she or he is asking how to respond to OC. Not whether or not they will be employed.

What is this? Does it remove inquiries? I already subscribe to Equifax credit and score monitoring.

Yes all the inquiries are legit. 4 years ago it was so easy to call the CRA and have them removed - now they wont do it at all. Suggestions? I got denied by Barclays reconsideration department due to the inquiries, I tried everything I could to negotiate with her and she wouldn't approve due to the 6 inquiries within 3.5 months. Suggestions?

Thank you Pryan - I went with another option at 20% to withdraw savings. 20% utilization is the answer I have been asking for.

Not sure.

Maybe I should bullet - and I was off some numbers sorry about that. Savings balance: $3700.00 to take out and put in my pocket 40% less = $2200.00 Car title loan: $5000. other savings: $500 Paycheck:$1200 each week. So as of tomorrow I will have $8,900.00 wont get paid again until next Wednesday. Credit card balances in full; 40% utilization; 30% utilization or 0% utilization? What will impact my score by 30 points or more in the positive? That is the question?

Same thread guys, just trying to decide best approach.