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Woohoo! A CA popped up! Can't wait...

The last post in this topic was posted 2933 days ago. 

 

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I've been keeping track of my EQ through Scorewatch and always changing the trigger settings with my scores. I haven't been applying for anything, or really cared about my score recently. My reports have been completely clean. However, I just decided to pull my "Scorepower" report for kicks. Afterwards, I immediately noticed my score dropped 35 points!!! WTF? It's stayed constant for months now, and all the sudden it drops? I do more digging and see a nice little CA on there that applied themselves sometime in mid December.

 

I guess that teaches me a lesson to not rely on ScoreWatch to give me a "new account" update, or "we tanked your score" update, or "CA was added".

 

The CA is CVF Consumer Acquisition Co. So far, no bonding and no certificate of franchise account, no notification to me, incorrect reporting, and the stupid thing is almost 7yrs old.

 

 

On the bright side, I haven't had a CA in 2 years. I kinda missed fighting off those **** with the TFC. This'll be fun. ;) I'll let you know how fast they fold.

Edited by TrevorHere
profanity

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Have fun.. I kinda miss them days too. (Not with TFC mind you). I had one pop up on my reports after I sent them a dv within 30 days of getting the dunning letter.. they folded very quickly. If it's almost 7 yrs old chances are they sent it to an old address they had.. hence no notification.

Edited by beli

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Hmmm, I just did a more extensive search on the TSOS site and found that this so called CVF Consumer Acquisitions may be disguised as:

 

Principal Name: Elite Recovery Acquisitions LLC # 1

 

Address: 12700 Whitewater Drive

Minnetonka, MN 55343

File Number: 20090305

Status: Bond Pending Cancellation

Date Filed: 12/10/2009

Cancellation Date: 2/7/2012

Phone:

Bonding Company: Safeco Insurance Company of America

Bond No: 6671034

 

 

 

They have the same address.

Not sure which direction I'll play this one as far as their bonding goes. I could claim ignorance and misleading practices, or I could go ahead with sending a letter to their bonding co., or I could wait til 2/7/12 to see if it lapses.

Edited by Jon77

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Sounds like you are looking forward to the battle. My bet is you are going to make it short and sweet.

You are correct. I typically give them one chance to fold, and 5 days to delete in my first letter. I don't immediately seek out vengeance and a court appearance in that letter. However, I most certainly include all the legal nonsense that allows me to procede with such action should they call my bluff and waste my time.

Edited by Jon77

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Man, I could WISH that RJM would show up on my report!

 

All my other CAs were all well-behaved and law-abiding, and then left with a DV and a reminder of the statute of repose in WI.

 

RJM is the only one that sends me anything, and it's for stuff that's out of SOL, and thus extinguished by SOR, but they keep trying.

 

Ah well, some people have all the fun!

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It has been a while since I visited this board. I just had a collection account pop up on my Equifax. I am aware of the validation method and have a couple of templates of letters I can use to put one together to send to them but what are these other items we can confront them on that you are talking about? Can someone provide a brief rundown on items I should be looking up on this collection company? Plus I have not received a letter from them prior to them listing the debt on my report. I would like to send a letter to them asap in the hopes of getting this removed. Any info or link to additional information on some sort of checklist on dealing with collection companies would be greatly appreciated.

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Oh by the way, does it say somewhere in the Fair Debt Collection Act about reporting a collection account before sending a letter regarding that said debt? I would like a reference to the clause if it is in there along again with other items I should be checking for regarding this collection company.

 

Oh the name of the company is Enhanced Recovery Company and they are based in Jacksonville, FL

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That's why I cancelled scorewatch. They dont sent alerts til months later.

 

Heck, I found daily pullers that alerted me in less than 1 day.

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Oh by the way, does it say somewhere in the Fair Debt Collection Act about reporting a collection account before sending a letter regarding that said debt? I would like a reference to the clause if it is in there along again with other items I should be checking for regarding this collection company.

 

Oh the name of the company is Enhanced Recovery Company and they are based in Jacksonville, FL

It isn't covered in the FCRA, it's under section 809 of the FDCPA that discusses this. It only pertains if a consumer requests debt validation. Go to the following FTC link to see the opinion:

 

http://www.ftc.gov/os/statutes/fdcpa/letters/cass.htm

 

Section 605 doesn't address this issue in the FCRA

 

§ 605. Requirements relating to information contained in consumer reports [15 U.S.C. §1681c]

[a] Information excluded from consumer reports. Except as authorized under subsection of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:

[1] Cases under title 11 [united States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.

[2] Civil suits, civil judgments, and records of arrest that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.

[3] Paid tax liens which, from date of payment, antedate the report by more than seven years.

[4] Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.2

[5] Any other adverse item of information, other than records of convictions of crimes which antedates the report by more than seven years.2

[6] The name, address, and telephone number of any medical information furnisher that has notified the agency of its status, unless--

[A] such name, address, and telephone number are restricted or reported using codes that do not identify, or provide information sufficient to infer, the specific provider or the nature of such services, products, or devices to a person other than the consumer; or

the report is being provided to an insurance company for a purpose relating to engaging in the business of insurance other than property and casualty insurance.

Exempted cases. The provisions of paragraphs [1] through [5] of subsection [a] of this section are not applicable in the case of any consumer credit report to be used in connection with

[1] a credit transaction involving, or which may reasonably be expected to involve, a principal amount of $150,000 or more;

[2] the underwriting of life insurance involving, or which may reasonably be expected to involve, a face amount of $150,000 or more; or

[3] the employment of any individual at an annual salary which equals, or which may reasonably be expected to equal $75,000, or more.

[c] Running of Reporting Period

[1] In general. The 7-year period referred to in paragraphs [4] and [6] 3 of subsection [a] shall begin, with respect to any delinquent account that is placed for collection [internally or by referral to a third party, whichever is earlier], charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.

[2] Effective date. Paragraph [1] shall apply only to items of information added to the file of a consumer on or after the date that is 455 days after the date of enactment of the Consumer Credit Reporting Reform Act of 1996.

[d] Information Required to be Disclosed

[1] Title 11 information. Any consumer reporting agency that furnishes a consumer report that contains information regarding any case involving the consumer that arises under title 11, United States Code, shall include in the report an identification of the chapter of such title 11 under which such case arises if provided by the source of the information. If any case arising or filed under title 11, United States Code, is withdrawn by the consumer before a final judgment, the consumer reporting agency shall include in the report that such case or filing was withdrawn upon receipt of documentation certifying such withdrawal.

[2] Key factor in credit score information. Any consumer reporting agency that furnishes a consumer report that contains any credit score or any other risk score or predictor on any consumer shall include in the report a clear and conspicuous statement that a key factor [as defined in section 609[f][2]] that adversely affected such score or predictor was the number of enquiries, if such a predictor was in fact a key factor that adversely affected such score. This paragraph shall not apply to a check services company, acting as such, which issues authorizations for the purpose of approving or processing negotiable instruments, electronic fund transfers, or similar methods of payments, but only to the extent that such company is engaged in such activities.

[e] Indication of closure of account by consumer. If a consumer reporting agency is notified pursuant to section 623[a][4] [§ 1681s-2] that a credit account of a consumer was voluntarily closed by the consumer, the agency shall indicate that fact in any consumer report that includes information related to the account.

[f] Indication of dispute by consumer. If a consumer reporting agency is notified pursuant to section 623[a][3] [§ 1681s-2] that information regarding a consumer who was furnished to the agency is disputed by the consumer, the agency shall indicate that fact in each consumer report that includes the disputed information.

[g] Truncation of Credit Card and Debit Card Numbers

[1] In general. Except as otherwise provided in this subsection, no person that accepts credit cards or debit cards for the transaction of business shall print more than the last 5 digits of the card number or the expiration date upon any receipt provided to the cardholder at the point of the sale or transaction.

[2] Limitation. This subsection shall apply only to receipts that are electronically printed, and shall not apply to transactions in which the sole means of recording a credit card or debit card account number is by handwriting or by an imprint or copy of the card.

[3] Effective date. This subsection shall become effective--

[A] 3 years after the date of enactment of this subsection, with respect to any cash register or other machine or device that electronically prints receipts for cred- it card or debit card transactions that is in use before January 1, 2005; and

1 year after the date of enactment of this subsection, with respect to any cash register or other machine or device that electronically prints receipts for credit card or debit card transactions that is first put into use on or after January 1, 2005.

[h] Notice of Discrepancy in Address

[1] In general. If a person has requested a consumer report relating to a consumer from a consumer reporting agency described in section 603[p], the request includes an address for the consumer that substantially differs from the addresses in the file of the consumer, and the agency provides a consumer report in response to the request, the consumer reporting agency shall notify the requester of the existence of the discrepancy.

[2] Regulations

[A] Regulations required. The Federal banking agencies, the National Credit Union Administration, and the Commission shall jointly, with respect to the entities that are subject to their respective enforcement authority under section 621, prescribe regulations providing guidance regarding reasonable policies and procedures that a user of a consumer report should employ when such user has received a notice of discrepancy under paragraph [1].

Policies and procedures to be included. The regulations prescribed under subparagraph [A] shall describe reasonable policies and procedures for use by a user of a consumer report--

to form a reasonable belief that the user knows the identity of the person to whom the consumer report pertains; and

[ii] if the user establishes a continuing relationship with the consumer, and the user regularly and in the ordinary course of business furnishes information to the consumer reporting agency from which the notice of discrepancy pertaining to the consumer was obtained, to reconcile the address of the consumer with the consumer reporting agency by furnishing such address to such consumer reporting agency as part of information regularly furnished by the user for the period in which the relationship is established.

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It's also not covered under section 611:

 

§ 611. Procedure in case of disputed accuracy [15 U.S.C. § 1681i] [a] Reinvestigations of Disputed Information

[1] Reinvestigation Required

[A] In general. Subject to subsection [f], if the completeness or accuracy of any item of information contained in a consumer's file at a consumer reporting agency is disputed by the consumer and the consumer notifies the agency directly, or indirectly through a reseller, of such dispute, the agency shall, free of charge, conduct a reasonable reinvestigation to determine whether the disputed information is inaccurate and record the current status of the disputed information, or delete the item from the file in accordance with paragraph [5], before the end of the 30-day period beginning on the date on which the agency receives the notice of the dispute from the consumer or reseller.

Extension of period to reinvestigate. Except as provided in subparagraph [C], the 30-day period described in subparagraph [A] may be extended for not more than 15 additional days if the consumer reporting agency receives information from the consumer during that 30-day period that is relevant to the reinvestigation.

[C] Limitations on extension of period to reinvestigate. Subparagraph shall not apply to any reinvestigation in which, during the 30-day period described in subparagraph [A], the information that is the subject of the reinvestigation is found to be inaccurate or incomplete or the consumer reporting agency determines that the information cannot be verified.

[2] Prompt Notice of Dispute to Furnisher of Information

[A] In general. Before the expiration of the 5-business-day period beginning on the date on which a consumer reporting agency receives notice of a dispute from any consumer or a reseller in accordance with paragraph [1], the agency shall provide notification of the dispute to any person who provided any item of information in dispute, at the address and in the manner established with the person. The notice shall include all relevant information regarding the dispute that the agency has received from the consumer or reseller.

Provision of other information. The consumer reporting agency shall promptly provide to the person who provided the information in dispute all relevant information regarding the dispute that is received by the agency from the consumer or the reseller after the period referred to in subparagraph [A] and before the end of the period referred to in paragraph [1][A].

[3] Determination That Dispute Is Frivolous or Irrelevant

[A] In general. Notwithstanding paragraph [1], a consumer reporting agency may terminate a reinvestigation of information disputed by a consumer under that paragraph if the agency reasonably determines that the dispute by the consumer is frivolous or irrelevant, including by reason of a failure by a consumer to provide sufficient information to investigate the disputed information.

Notice of determination. Upon making any determination in accordance with subparagraph [A] that a dispute is frivolous or irrelevant, a consumer reporting agency shall notify the consumer of such determination not later than 5 business days after making such determination, by mail or, if authorized by the consumer for that purpose, by any other means available to the agency.

[C] Contents of notice. A notice under subparagraph shall include

the reasons for the determination under subparagraph [A]; and

[ii] identification of any information required to investigate the disputed information, which may consist of a standardized form describing the general nature of such information.

[4] Consideration of consumer information. In conducting any reinvestigation under paragraph [1] with respect to disputed information in the file of any consumer, the consumer reporting agency shall review and consider all relevant information submitted by the consumer in the period described in paragraph [1][A] with respect to such disputed information.

[5] Treatment of Inaccurate or Unverifiable Information

[A] In general. If, after any reinvestigation under paragraph [1] of any information disputed by a consumer, an item of the information is found to be inaccurate or incomplete or cannot be verified, the consumer reporting agency shall–

promptly delete that item of information from the file of the consumer, or modify that item of information, as appropriate, based on the results of the reinvestigation; and

[ii] promptly notify the furnisher of that information that the information has been modified or deleted from the file of the consumer.

Requirements Relating to Reinsertion of Previously Deleted Material

Certification of accuracy of information. If any information is deleted from a consumer's file pursuant to subparagraph [A], the information may not be reinserted in the file by the consumer reporting agency unless the person who furnishes the information certifies that the information is complete and accurate.

[ii] Notice to consumer. If any information that has been deleted from a consumer's file pursuant to subparagraph [A] is reinserted in the file, the consumer reporting agency shall notify the consumer of the reinsertion in writing not later than 5 business days after the reinsertion or, if authorized by the consumer for that purpose, by any other means available to the agency.

[iii] Additional information. As part of, or in addition to, the notice under clause [ii], a consumer reporting agency shall provide to a consumer in writing not later than 5 business days after the date of the reinsertion

a statement that the disputed information has been reinserted;

[iI] the business name and address of any furnisher of information contacted and the telephone number of such furnisher, if reasonably available, or of any furnisher of information that contacted the consumer reporting agency, in connection with the reinsertion of such information; and

[iII] a notice that the consumer has the right to add a statement to the consumer's file disputing the accuracy or completeness of the disputed information.

[C] Procedures to prevent reappearance. A consumer reporting agency shall maintain reasonable procedures designed to prevent the reappearance in a consumer's file, and in consumer reports on the consumer, of information that is deleted pursuant to this paragraph [other than information that is reinserted in accordance with subparagraph ].

[D] Automated reinvestigation system. Any consumer reporting agency that compiles and maintains files on consumers on a nationwide basis shall implement an automated system through which furnishers of information to that consumer reporting agency may report the results of a reinvestigation that finds incomplete or inaccurate information in a consumer's file to other such consumer reporting agencies.

[6] Notice of Results of Reinvestigation

[A] In general. A consumer reporting agency shall provide written notice to a consumer of the results of a reinvestigation under this subsection not later than 5 business days after the completion of the reinvestigation, by mail or, if authorized by the consumer for that purpose, by other means available to the agency.

Contents. As part of, or in addition to, the notice under subparagraph [A], a consumer reporting agency shall provide to a consumer in writing before the expiration of the 5-day period referred to in subparagraph [A]

a statement that the reinvestigation is completed;

[ii] a consumer report that is based upon the consumer's file as that file is revised as a result of the reinvestigation;

[iii] a notice that, if requested by the consumer, a description of the procedure used to determine the accuracy and completeness of the information shall be provided to the consumer by the agency, including the business name and address of any furnisher of information contacted in connection with such information and the telephone number of such furnisher, if reasonably available;

[iv] a notice that the consumer has the right to add a statement to the consumer's file disputing the accuracy or completeness of the information; and

[v] a notice that the consumer has the right to request under subsection [d] that the consumer reporting agency furnish notifications under that subsection.

[7] Description of reinvestigation procedure. A consumer reporting agency shall provide to a consumer a description referred to in paragraph [6][iii] by not later than 15 days after receiving a request from the consumer for that description.

[8] Expedited dispute resolution. If a dispute regarding an item of information in a consumer's file at a consumer reporting agency is resolved in accordance with paragraph [5][A] by the deletion of the disputed information by not later than 3 business days after the date on which the agency receives notice of the dispute from the consumer in accordance with paragraph [1][A], then the agency shall not be required to comply with paragraphs [2], [6], and [7] with respect to that dispute if the agency

[A] provides prompt notice of the deletion to the consumer by telephone;

includes in that notice, or in a written notice that accompanies a confirma- tion and consumer report provided in accordance with subparagraph [C], a statement of the consumer's right to request under subsection [d] that the agency furnish notifications under that subsection; and

[C] provides written confirmation of the deletion and a copy of a consumer report on the consumer that is based on the consumer's file after the deletion, not later than 5 business days after making the deletion.

Statement of dispute. If the reinvestigation does not resolve the dispute, the consumer may file a brief statement setting forth the nature of the dispute. The consumer reporting agency may limit such statements to not more than one hundred words if it provides the consumer with assistance in writing a clear summary of the dispute.

[c] Notification of consumer dispute in subsequent consumer reports. Whenever a statement of a dispute is filed, unless there is reasonable grounds to believe that it is frivolous or irrelevant, the consumer reporting agency shall, in any subsequent report containing the information in question, clearly note that it is disputed by the consumer and provide either the consumer's statement or a clear and accurate codification or summary thereof.

[d] Notification of deletion of disputed information. Following any deletion of information which is found to be inaccurate or whose accuracy can no longer be verified or any notation as to disputed information, the consumer reporting agency shall, at the request of the consumer, furnish notification that the item has been deleted or the statement, codification or summary pursuant to subsection or [c] of this section to any person specifically designated by the consumer who has within two years prior thereto received a consumer report for employment purposes, or within six months prior thereto received a consumer report for any other purpose, which contained the deleted or disputed information.

[e] Treatment of Complaints and Report to Congress [1] In general. The Commission shall--

[A] compile all complaints that it receives that a file of a consumer that is maintained by a consumer reporting agency described in section 603[p] contains incomplete or inaccurate information, with respect to which, the consumer appears to have disputed the completeness or accuracy with the consumer reporting agency or otherwise utilized the procedures provided by subsection [a]; and

transmit each such complaint to each consumer reporting agency involved.

[2] Exclusion. Complaints received or obtained by the Commission pursuant to its investigative authority under the Federal Trade Commission Act shall not be subject to paragraph [1].

[3] Agency responsibilities. Each consumer reporting agency described in section 603[p] that receives a complaint transmitted by the Commission pursuant to paragraph [1] shall--

[A] review each such complaint to determine whether all legal obligations imposed on the consumer reporting agency under this title [including any obligation imposed by an applicable court or administrative order] have been met with respect to the subject matter of the complaint;

provide reports on a regular basis to the Commission regarding the determinations of and actions taken by the consumer reporting agency, if any, in connection with its review of such complaints; and

[C] maintain, for a reasonable time period, records regarding the disposition of each such complaint that is sufficient to demonstrate compliance with this subsection.

[4] Rulemaking authority. The Commission may prescribe regulations, as appropriate to implement this subsection.

[5] Annual report. The Commission shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives an annual report regarding information gathered by the Commission under this subsection.'.

[f] Reinvestigation Requirement Applicable to Resellers

[1] Exemption from general reinvestigation requirement. Except as provided in para- graph [2], a reseller shall be exempt from the requirements of this section.

[2] Action required upon receiving notice of a dispute. If a reseller receives a notice from a consumer of a dispute concerning the completeness or accuracy of any item of information contained in a consumer report on such consumer produced by the reseller, the reseller shall, within 5 business days of receiving the notice, and free of charge–

[A] if

determine whether the item of information is incomplete or inaccurate as a result of an act or omission of the reseller; and

the reseller determines that the item of information is incomplete or inaccurate as a result of an act or omission of the reseller, not later than 20 days after receiving the notice, correct the information in the consumer report or delete it; or

[ii] if the reseller determines that the item of information is not incomplete or inaccurate as a result of an act or omission of the reseller, convey the notice of the dispute, together with all relevant information provided by the consumer, to each consumer reporting agency that provided the reseller with the information that is the subject of the dispute, using an address or a notification mechanism specified by the consumer reporting agency for such notices.

[3] Responsibility of consumer reporting agency to notify consumer through reseller. Upon the completion of a reinvestigation under this section of a dispute concerning the complete- ness or accuracy of any information in the file of a consumer by a consumer reporting agency that received notice of the dispute from a reseller under paragraph [2]--

[A] the notice by the consumer reporting agency under paragraph [6], [7], or [8] of subsection [a] shall be provided to the reseller in lieu of the consumer; and

the reseller shall immediately reconvey such notice to the consumer, including any notice of a deletion by telephone in the manner required under paragraph [8][A].

[4] Reseller reinvestigations. No provision of this subsection shall be construed as prohibiting a reseller from conducting a reinvestigation of a consumer dispute directly.

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On the bright side, I haven't had a CA in 2 years. I kinda missed fighting off those **** with the TFC. This'll be fun. ;) I'll let you know how fast they fold.

 

 

It's nice to see a consumer with this type of attitude when a CA is involved. CB rocks!!!

 

Edited by TrevorHere

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These guys just popped up on mine as well (also no alert from score watch). I logged on this morning and my score is down from 760 to 679 based on this entry. Problem is we are under contract for a house and our file is currently under review so we need these people gone asap! Not going to lie- I am freaking out right now! Good thing- I am in Texas.

 

Anyway, how did you find that they are actually under Elite Recovery? On my report they are listed as being in Greenville, SC but Elite is listed as Minnesota.

 

I never received anything from this company and they are showing that it has been reporting since Aug. I pull my report almost everyday and they were not there on Friday.

 

Getting a TX DV letter ready now but does anyone know a faster way to get them off the report (we are supposed to close on Feb 6).

 

Thanks!

 

 

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These people also popped up on my report on Friday. I noticed them before I received any alerts. I believe they are connected to either LVNV or Resurgent or NCO because the only dunning letter I received recently for the same amount was from Resurgent and I immediately DVd as this supposed debt is over 7 years old and past SOL.

These guys just popped up on mine as well (also no alert from score watch). I logged on this morning and my score is down from 760 to 679 based on this entry. Problem is we are under contract for a house and our file is currently under review so we need these people gone asap! Not going to lie- I am freaking out right now! Good thing- I am in Texas.

 

Anyway, how did you find that they are actually under Elite Recovery? On my report they are listed as being in Greenville, SC but Elite is listed as Minnesota.

 

I never received anything from this company and they are showing that it has been reporting since Aug. I pull my report almost everyday and they were not there on Friday.

 

Getting a TX DV letter ready now but does anyone know a faster way to get them off the report (we are supposed to close on Feb 6).

 

Thanks!

 

 

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Yep- found out they are part of LVNV. They try to make it almost impossible to figure out who they are exactly and how to contact them.

 

I am just hoping they cave fast so we can still close on time. If they stop us from getting approved for the mortgage, however, I am hiring a lawyer and going after them in Texas court. Actually, it may work out better that way- let them pay for our house grin.gif

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These guys just popped up on mine as well (also no alert from score watch). I logged on this morning and my score is down from 760 to 679 based on this entry. Problem is we are under contract for a house and our file is currently under review so we need these people gone asap! Not going to lie- I am freaking out right now! Good thing- I am in Texas.

 

Anyway, how did you find that they are actually under Elite Recovery? On my report they are listed as being in Greenville, SC but Elite is listed as Minnesota.

 

I never received anything from this company and they are showing that it has been reporting since Aug. I pull my report almost everyday and they were not there on Friday.

 

Getting a TX DV letter ready now but does anyone know a faster way to get them off the report (we are supposed to close on Feb 6).

 

Thanks!

You didn't opt out before applying for a mortgage, did you? You see the credit reporting agencies sell the list of folks applying for mortgages to every collection agency unless you opted out. Then collection agencies add accounts knowing that you cannot get a mortgage without clearing all the collections. They don't care at all that the collections will cost you tens of thousands in extra interest because they tank your scores. They just want their little pittance.

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We actually opted out 4 months ago- before starting our credit repair process. I have no idea what this is for but all of our bad debts are over 7 years old now- I think they are just grasping at straws and we happened to get hit.

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That might be the case, but I don't believe in coincidence. I am wondering how long it takes the group with whom you opt out to notify the credit reporting agencies and how long the credit reporting agencies have to act on that information. It's too late for your case, but many folks in here advocate applying for a mortgage before you need it just to bring out the wolves, make the collection agencies surface. Then when you don't have a particular home in mind, you fight them off, then go after the home you wanted.

 

As you know, the debt validation and dispute process takes time. In this case, time in on their side. If this event had the potential to cost me either losing a home or paying significantly more in interest due to lower FICO scores, then I might consider employing an attorney. Ultimately, the decision rests on you. You will need to act fast regardless if you perform actions under your own or through counsel.

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Thats the crazy thing. We applied through Wells (just to get a hit on our credit to pull them out) almost 60 days ago and nothing, nada, zilch. Now we actually move forward and these guys pop up.

 

Nice part is in Texas if we lose the mortgage approval because of them we can sue with no limit. I will be so ready to do that if necessary. I may have assumed wrong but 4 months (actually almost 5- the opt out letter was sent on 8-17-11) should have been enough time for the opt out to go into effect.

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