12-28-2012 03:14 PM
Hi everyone -
I've been lurking for a while and have gotten a great deal of help from these forums so far, so I thought I'd put this question out there:
I was looking over my husband's report for the first time in about 6 months, and I noticed two new (old) collections dating back to 2008 and 2007.
The first is an old gas bill from an apartment in VA. The CA is UCB Collections. I don't recall leaving an outstanding bill when we moved out of state, but it's possible of course. it's showing 12/2008 as the date placed for collection, however we moved several months before that so the DoFD would be earlier. Total $153
The second is from a gym account for $119. Again, this was a debt that would have been incurred in VA. It's showing as placed for collection on 8/2007. The CA is Vision Finance Corp and was recently updated on 11/02/12
My questions are:
Which state SOL would apply? We currently live in NY.
Should I DV them? I can't say with any certainty that these are accurate and I have not received dunning letters.
They're smallish amounts, but again, I don't just want to blindly pay them without confirming and I'm afraid to wake the beast if I'm not out of SOL.
Any thoughts would be appreciated!
12-28-2012 05:58 PM
The SOL would be in NY. However, SOL really doesn't matter anyway. SOL is the time frame for suing. The only time you need to worry about SOL is whether or not you'd have the $$$ to pay to avert a judgment. And since the balance is small, I doubt they would sue for that amount.
I would DV though. If they verified and if I agreed, then I'd send them PFDs.
12-28-2012 06:52 PM
+1 llecs. Send the DV and then if they verify send the PFD. Also there is a special CRTP for paid accounts in NY of 5 years. You might want to look into that too.
12-29-2012 01:51 AM
If you have not received dunning notice, then any DV would be timely, invoking a cease collection bar on them until they provide verification.
I suggest that, in your DV, you slip in a statement that they have violated FDCPA by failing to have provided dunning notice with 5 days of their reporting of the collection.
It might give them incentive to respond.
However, be aware that sending a DV wont necessarily result in their verification. They can choose not to reply, provided they cease collection on the debt.
Should you desire immediate, earlier deletion by way of a PFD offer, they cannot negotiate while under a cease collection bar. So a DV may result in a state of limbo.
What is your planned next step? If you can wait, then DV is the way to go.
As for DOFD, they were required to have reported the DOFD on the OC account within 90 days of reporting their collection. The date of their collection is immaterial to the DOFD, and thus to its CR exclusion date.
If your commercial credit report does not provide the DOFD they reported, you can send an FCRA 609(a) request to the CRA and obtain the date they reported.
You need to know the DOFD they reported before challenging its accuracy.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.