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About AX2007

  • Birthday 11/02/1981

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    Northern NJ
  1. So about a month ago, I sent out six DV letters to six different CA's. Out of the six letters, five responded with copies of the OC bills, through regular mail. One never responded at all. Out of the five that responded, only one put the account into "dispute". I saw it pop up on myFICO immediately. Are the other collection agencies required to do this? I need to get this stuff off my credit report, but I'm not sure how to proceed from here. Should I send them a "pay for deletion" letter? If so, what do I offer? 50% of the balance? Less, more? The one that didn't respond initially, can I just call the CRA and work it out with them? How long does that take? And which CRA is best for this? Obviously I have myFICO, should I just use Equifax through myFICO? And finally, if the collection agencies sent their info through regular mail, how do they know I received it? How come I can't go to the CRA and say that I asked for validation and didn't get anything in return? (besides the obvious moral obligation)
  2. Look up what the FDCPA says about validation. The CA only has to provide the name, address,amount owed and the account number or a copy of a judgment. If you ask, a CA (as defined in the FDCPA) has to send the name and address of the origional creditor...that is all a CA has to send. The idea is to make sure the correct party is being persued for a debt owed. If the CA has sent the legal standard for information, validation has been met. You state laws may have additional requirements. Ahhhh, I see. So as long as they have that info, it's considered validated. For some reason, I thought they had to prove that they actually own the debt, or that they are acting on behalf of the OC.
  3. So just a photocopy of an OC bill is considered validation of that account?
  4. So I sent out all my validation letters to the collection companies, and it's been more than 30 days. One company sent an actual validation (I discussed it on another post), but the others either didn't respond, or responded (and not with certified letters, they just stuffed things in an envelope and sent it out regular mail). So one company sent me a copy of a cell phone bill from Sprint, no explanation of how they calculated what I owe, no original contract, no proof of purchasing the debt. Is that an actual validation? Just a phone bill that has my name and address on it with no indication of how they got that information? What should my next step be with these guys? And how can they prove that I received this information with no certified mail or tracking number? And as a side note, what do I do with the ones that didn't respond? Send them a second validation letter, or what?
  5. I'm in New Jersey, sorry, I should have included that information. Sent from my HTC One using Tapatalk
  6. I'm thinking this same thing. It seems to be legit, so at this point, I don't even know if it makes sense to argue for a deletion. In your opinion, should I try for the deletion on the grounds that it isn't me? Or should I try to get a PFD? It's $260, which won't break the bank for me, so I guess that's important to know.
  7. And if it doesn't? Any template for negotiating a payoff deletion?
  8. I'll check the sample letter forum
  9. Can you expand this a bit further so I can understand it? What am I acknowledging, and what was inadequate? What is a good DV#2 letter?
  10. So I sent out my validation letters to a few different CA's on my credit report, and almost immediately, I receive a response from one of them (affiliated acceptance). Sure enough, they have the promissory note from the original creditor to Affiliated Acceptance, and how the amount owed is calculated. They also have address incorrect by one digit. My house number is 7, and they have it as 2. This is what they have on all the paperwork, and the incorrect address has been removed from my credit report. What should my next step be? I'm a little unsure what to do with a validation if it comes back like this.
  11. In a few months, I will be going back to school as an Undergraduate. Unfortunately, all the schools I am interested in are $40k a year. I will get some of it covered in federal student loans, grants, and scholarships, but I'll still owe about $20k a year in tuition. Does anyone have a lender for private student loans? There was an article today in the NY Times about student loan horror stories, so I would also like to hear about any not-so-great lenders you know about. Thanks!
  12. Listen to hodap. I trust her judgment on this. Sent from my HTC One using Tapatalk
  13. Exactly right. The late payments will still be there, the only advantage is that you get a new clean trade line. This is why I questioned the idea of waiting to pay it off immediately if the lates stay on. Sent from my HTC One using Tapatalk
  14. That's what I've been told by the same people. Sent from my HTC One using Tapatalk
  15. Hmmmm... That does change the playing field. It's only 3 years old, WhyChat. What do you think? I'm here to restore my credit for the long term, not a quick bump for the next few months. If I contact the OC first, it shouldn't update, correct? Perhaps I could ask the OC to delete the account, then dispute it if it doesn't work. Is that sensible? Sent from my HTC One using Tapatalk

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