GAH! Midland...do I DV?

[FICOfit]

I just got a letter from Midland about an old CO (from 2004).  I am still within SOL and they are not reporting to the CBs.  Do I just pay them or should I send them a DV?  I really don't want them to report.  This is my LAST unpaid collection and I am tempted to just pay it, although I don't really want to spend them $$ right now ($776 settlement)

[llecs]

If they just sent you that initial letter (dunning letter), then I'd DV ASAP. I'd also save $$ for a PFD if it came to that, but you are way off.

Message Edited by llecs on 03-26-2008 03:55 PM

[FICOfit]

Yes, this is the initial dunning letter in which they state that I have 30 days to dispute the validity of this debt.  I am worried about being sued, although I have the money available (on a CC...not exactly what I want to do with it but it will be there in case).

I have read a few accounts about Midland on here and it seems like they have trouble validating...which is good for me.  But I also know they are very snaky.  I have all my CRs in hardcopy from this month, so if they do try to pull anything like reaging, I have proof.

[llecs]

IMO, and I'll get jumped on for saying this, but DV ASAP! They will post to your CR if you do not and it'll take forever and a day to get them to remove it.

And they may still post to your CR, but only after they validate it.

[creditdream]

i used to have them in my cr,and my lovely wife cr too . The only things i did was disputed the debt thro CRA,and it was deleted immediately .

Good luck to you .

[Anonymous]

Not sure about DV. Midland is notorious for going all the way. If you decide to pay, I would ask that they write a letter to you saying that they will not report the account in any fashion, even as 'paid collection'.

Message Edited by upmyscore2008 on 03-26-2008 02:15 PM

[FICOfit]

How would I go about getting it in writing that they will not report the account?  I will pay, but I do not want it on my CR, not even as 'paid in full' collection.  Thankfully this is the last possible collection against me.

[llecs]

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argonne wrote:

How would I go about getting it in writing that they will not report the account?  I will pay, but I do not want it on my CR, not even as 'paid in full' collection.  Thankfully this is the last possible collection against me.

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I would DV, wait for the response, then send a PFD if you agree to it. If you sent a PFD now, and they don't accept it,  the 30 days may run out and they may report it anyway.