Reply
New Visitor
Posts: 2
Registered: ‎07-10-2007
0

Next Step After DV?

There was a debt from seven years ago on my report that is now in collections.  It was my freshman year in college and my mom got a CC in my name to "improve my credit" - she never paid it.  I knew it went to collections, but she said she took care of it.  I never got any notices, letters, or calls.  Then I checked my CR and saw that it was on there.  I contacted the CA and asked them to validate the debt.  I got a letter saying they were looking in to it.  It's been 60 days and I have no validation.  Now what do I do?  Do I write the CRA (I didn't do that the first time- just the CA) and ask them to drop it?  Write the CA and tell them to stop reporting it?  Also, the debt is almost seven years old, but this collection agency has only had it for a year.  Does that mean that it's new debt that's only a year old or is still a seven year old debt?
 
Thanks!
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0

Re: Next Step After DV?

Always DV in writing. CMRRR.
 
Send 'em a letter CMRRR. Use their address listed on your CRs. Do you have the name of the person who spoke with and the phone number you called? Assuming you do, send something like this.
 
"This is a follow up to my request for validation of this debt that you claim I owe. On <month> <day> of this year, I called your office at <phone> and spoke with <name>. I was told that I would be provided with validation of this debt. To date I have received nothing from your office validating this debt, but it continues to be reported on my credit report in violation of the FDCPA.
 
I am again requesting validation of this debt. It is beyond the period allowed under the FCRA to be reported to the credit bureaus. Delete it immediately from any and all credit bureau reports."
 
Feel free to tweak it to your own style of writing. Don't cut and paste in statutes. General references are better, IMHO.
 
Also, go ahead and dispute with the CRAs as too old to report.
 
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.