1-2 Punch flow Chart

[moneymonkey]

I am trying to make the 1-2 punch easier for my & others to understand.

 

Id like to make a page with the steps, terms and sample letters.

 

Please let me know if my diagram is wrong, I have added Numbers for each event to help make it simple.

 

Circles:

 

1. sending a DV letter to CA.

 

2. Here is what the receipt looks like if u dont know

]

 

3. Send in a dispute to CRA's on which the account is listed.

 

4. "proper Validation, not just something saying you owe them"

 

5. Debt Settlemetn, you seem to have good info on how to go about this.

 

6. CRA Verifies

 

7. Need a sample letter for this one.

 

8. Seen sample letters for this already.

 

9. Need a sample letter for this step.

 

10. Need a sample letter for this step.

 

11.Seen sample letters for this already.

 

12. seen some stuff on here about this.

 

 

 

Thanks all,

 

the graphic has been moved, it's here - but read the thread for the Q&A, anyway.

 

http://www.cm-ug.com/Forum/Credit/12punch.htm

Edited January 25, 2008 by breeze
update

[Shawnee]

That's pretty good. One thing you left out, and several of the JDBs do this, is the Chaundry cite with a bogus affidavit. Chaundry doesn't apply, and an affidavit from a CA or JDB saying "yep you owe us" is not validation.

[moneymonkey]

That's pretty good. One thing you left out, and several of the JDBs do this, is the Chaundry cite with a bogus affidavit. Chaundry doesn't apply, and an affidavit from a CA or JDB saying "yep you owe us" is not validation.

<{POST_SNAPBACK}>

 

I dont know much of Anything abou JDB's, dont even know if some of my CA's might be JDB's?

[nyrfann]

Wow thats great.

 

In my case I have several IIB. Can I send a DV letter to the OC as opposed to the CA? Will this work?

 

Joe

[Skeleton]

What happens when CA does not respond but sends debt back to OC?

[Shawnee]

That's pretty good. One thing you left out, and several of the JDBs do this, is the Chaundry cite with a bogus affidavit. Chaundry doesn't apply, and an affidavit from a CA or JDB saying "yep you owe us" is not validation.

<{POST_SNAPBACK}>

 

I dont know much of Anything abou JDB's, dont even know if some of my CA's might be JDB's?

<{POST_SNAPBACK}>

 

JDBs = Junk debt buyers. The difference is they buy old debts for pennies on the dollar, then use every trick in the book to get people to pay, most of the time on debts that are far beyond being legally enforcable. Some try to claim otherwise, but in the eyes of the law they fall under the provisions of the FDCPA. Some of the biggest, and notorious JDBs:

 

Sherman/LVNV

Midland Credit Management

Cavalry Portfolio

Asset Acceptance

Unifund

Arrow Financial

NCO

[Tycoon]

MoneyMonkey,

ABSOLUTELY FANTASTIC JOB!!

I'M printing this off and taping to the front cover of my 3 ring binder marked "credit repair"

[moneymonkey]

HEY !!!

 

Before you guys start using this PLEASSSSSSSSE

 

wait for someone who knows what the heck they are doing to verify this is correct PLEASE>..

 

 

thanks

[johnm160]

Looks like a pretty good chart.

[mahler444]

bump for the question about what if the CA sends the debt back to the OC.

[moneymonkey]

evidently the 1st free pic host i used is lame..

 

here is a new one:

 

 

http://images5.theimagehosting.com/12Punch.jpg

 

[twotrouble]

I could be wrong because I am still just learning but from what I have been reading I think you should dispute with the CRA's first then you follow your steps , maybe someone that knows a little more will shed some light on this for you and I both . Very good job it should be very helpful to all of us espcially those of us that are just learning our credit rights . HATS OFF TO YOU FOR YOUR TIME AND AN EXCELLENT JOB !!!!!!!!!!!!!!!!!!!!

[LKH]

I could be wrong because I am still just learning but from what I have been reading I think you should dispute with the CRA's first then you follow your steps , maybe someone that knows a little more will shed some light on this for you and I both . Very good job it should be very helpful to all of us espcially those of us that are just learning our credit rights . HATS OFF TO YOU FOR YOUR TIME AND AN EXCELLENT JOB !!!!!!!!!!!!!!!!!!!!

<{POST_SNAPBACK}>

 

 

Absolutely. NO reason to wake up sleeping ca's if they are in fact inactive. First round I've always suggested to do a blanket "not mine" dispute. You'll find a good amount of deletions. Those that do verify you should send the validation letters to and follow the chart, for the most part. But every situation is different. So, while the chart is a basic diagram, use it if it fits, don't if it doesn't.

 

Nice chart.

[sunnyj]

Very nice chart.

[scubabri]

I've had absolutly no luck with 1-2 punch with AAC and AFNI. I'm about to try a 3rd, but my confidence is not high.

 

sb

[qumara]

Hi scubabri! I know how you feel. I've been trying to get AAC & AFNI off my report for the past 3 months. Finally after much work, I finally got them off 2 of my reports. (TU giving me a hard time!!!) (I haven't sent a DV letter yet, I've only been disputing with the CRA's) But I think I'm going to do the DV letter and dispute again with TU!! Keep at it scubabri, it will come off. GOOD LUCK!

[salem]

Great flow chart!

 

Would the same flow chart work for disputing an OC by just replacing CA with OC or is there another flow sheet out there for OC?

[Amia]

Awesome!

Thank you!

[moneymonkey]

I could be wrong because I am still just learning but from what I have been reading I think you should dispute with the CRA's first then you follow your steps , maybe someone that knows a little more will shed some light on this for you and I both . Very good job it should be very helpful to all of us espcially those of us that are just learning our credit rights . HATS OFF TO YOU FOR YOUR TIME AND AN EXCELLENT JOB !!!!!!!!!!!!!!!!!!!!

<{POST_SNAPBACK}>

 

 

Absolutely. NO reason to wake up sleeping ca's if they are in fact inactive. First round I've always suggested to do a blanket "not mine" dispute. You'll find a good amount of deletions. Those that do verify you should send the validation letters to and follow the chart, for the most part. But every situation is different. So, while the chart is a basic diagram, use it if it fits, don't if it doesn't.

 

Nice chart.

<{POST_SNAPBACK}>

 

 

 

I will add the basic Dispute ALL to the chart above...

 

I was jsut trying to walk tru only a 1-2 punch.

 

anything else to change/add/delete?

[salem]

moneymonkey,

 

Wonderful flowchart. Do you know of a flowchart out there for the OC?

[Shawnee]

moneymonkey,

 

Wonderful flowchart. Do you know of a flowchart out there for the OC?

<{POST_SNAPBACK}>

 

That's a great idea. Moneymonkey does a good job on these. He could make one for OCs, this one for CAs, and one for JDBs, since there are differences in how you handle them.

Edited July 2, 2005 by Shawnee

[BytemeCRAS]

Does the 1-2 punch work for OC's? ( I know OC's verify, not validate ) If not, what's a procedure I can use for OC's listing a paid CO?

Edited July 2, 2005 by BytemeCRAS

[sirfranky]

Bumping for Moneymonkey did you ever come up with any more charts?

[HCEast]

Always did love love flowcharts! How about one for COs with OC and out of SOL? I'm still working on a strategy to deal with them.

[pifees]

Thank you Money Monkey, That really did clarify the 1-2 punch for me,