WhyChat what should I do?

[jwakame]

2 weeks ago I sent initial HIPPA letter to CRA's and yesterday I received a letter from a CA offering a PFD for several small collections(<$200.00). I'm not sure if I should wait to hear from the CRA's to see what the investigation results are, DV letter or agree to the PFD. Thanks in advance for your help.

[Why Chat]

Did you follow all the initial steps??

 

http://www.whychat.5u.com/GUIDEBOOK.html

 

What was the date of the medical service??

 

The "offer" you got from the CA indicates that they are unable to validate or prove any current business relationship with the OC and are trying a last ditch JDB ( junk debt buyer) approach to get $$ from you.

 

DO NOT RESPOND to them.

 

A PFD is the WORST thing you could do, even IF the reporting CA is in a current business relationship with the OC ( which I doubt) the PFD would replace your collection account on your reports with a PAID collection, which because it would be more recent, but still derogatory, would SINK your scores.

[jwakame]

Thank you. Yes I have followed all of the initial steps. I'm not certain of the date of the medical service but DOFD is 8/2010. I was thinking it was a last ditch effort since I haven't ever heard from the CA until now. I will just wait to hear from the CRA's. Thanks again.

[LostInCreditLand]

Oh man! I am really confused. I was under the impression a "PFD" or Pay For Delete was an agreement that you pay the debt either in full or settlement, and they delete the account from your credit report, hence the delete part. Why would they just replace it with a paid collection if the agreement was for a deletion??

[JayB27]

Rule #1, never trust a CA.

 

Edit: Rule #1a, never pay a CA.

Edited April 6, 2014 by JayB27

[Why Chat]

Oh man! I am really confused. I was under the impression a "PFD" or Pay For Delete was an agreement that you pay the debt either in full or settlement, and they delete the account from your credit report, hence the delete part. Why would they just replace it with a paid collection if the agreement was for a deletion??

A lot of people get stung by JDBs that way. If they agree in writing to delete the collection account-- it doesn't mean that they won't follow the "rules" that they are obligated to correctly report any change in the account accurately. Remember, they have a contract with the CRAs .

 

A deletion of the collection account does not mean that they won't correctly report it as a PAID collection, as they will have done what they agreed to in the PFD.

Edited April 6, 2014 by Why Chat

[LostInCreditLand]

Are they not obligated to delete the account if that is indeed, hypothetically speaking, what you got in writing? I have 5 medical collections, all of which agreed to PFD and you are making me nervous! LOL

[Emtmedic44]

Just wait, the fact that they are saying they will PFD as WhyChat said means they can't validate. There is a huge possibility these collections will be deleted in response to your prehipaa letter. The method works, especially for these small collections that have been bought by bottom feeder JDB's.

 

Sent from my SCH-I535 using Tapatalk

[LostInCreditLand]

Yea... I paid them already :/

Lesson Learned...

[Emtmedic44]

Its ok..you're learning. Lol, we've all made mistakes. Dust yourself off and keeping pushing forward. You got this!

 

Sent from my SCH-I535 using Tapatalk

[LostInCreditLand]

I can assure you I won't pay any of them another red cent!!

[jwakame]

WhyChat,

 

I just received a notice from one of the CA's it reads:

 

Until verification or the result of our investigation is completed and sent to you, we are requesting a deletion from the Credit Reporting Agencies(CRAs). Our control of reports to CRAs is limited to reports our office initiates. Regardless of the CRA status, our client is the owner of this account(s). Weekly updates are scheduled to be sent to the CRA's electronically.

 

It does include an invoice and a return letter for payment.

 

What should I do next?

[Why Chat]

WhyChat,

 

I just received a notice from one of the CA's it reads:

 

Until verification or the result of our investigation is completed and sent to you, we are requesting a deletion from the Credit Reporting Agencies(CRAs). Our control of reports to CRAs is limited to reports our office initiates. Regardless of the CRA status, our client is the owner of this account(s). Weekly updates are scheduled to be sent to the CRA's electronically.

 

It does include an invoice and a return letter for payment.

 

What should I do next?

HA HA HA!!

What a cop out letter.

 

 

our client is the owner of this account(s).

 

Their "client" is the CA, not the OC.

 

Have you sent the follow up dispute to the CRAs?? If so, have you received a response?? If not, send them NOW.

[jwakame]

I will send them out right away.

[jwakame]

WhyChat,

 

Just to be certain I'm following the steps properly I have a couple of questions. FYI I checked my reports and some of the medical collections have been deleted(YEA). I haven't heard from the CRA's since I sent the initial HIPPA letters. Do I wait to hear from them or move on to the next step? I'm still a little confused on exactly which letter is next. Validation to the CA?

[Why Chat]

WhyChat,

 

Just to be certain I'm following the steps properly I have a couple of questions. FYI I checked my reports and some of the medical collections have been deleted(YEA). I haven't heard from the CRA's since I sent the initial HIPPA letters. Do I wait to hear from them or move on to the next step? I'm still a little confused on exactly which letter is next. Validation to the CA?

Wait until you have a written response from ALL the CRAs. There is no point in sending the medical DVs to the CAs if any of the CRAs delete some/all of the disputed accounts.