10-25-2013 11:30 AM
Did you get any information on Calvary? I sent them a DV for an unpaid account (OC Citifinancial)...I was planning to try to PFD the account is from 2004 or so...
11-16-2013 07:47 AM
11-16-2013 08:01 AM
New to the board. I am interested in the same info. Should I PIF first or is there any leverage to request a delete for payment ?, Thanks everyone.
I think you should send them a DV (debt validation letter) before you send them anything. If they can't verify, then they can't collect.....do that before you make them any offers.
11-16-2013 09:39 AM
Be careful with the DV. If the debt is still within your state suing SOL and you cannot pay in full on the chance they do validate, they can sue you.
A DV, when timely, does put in place a cease collection bar but once validated they can continue to collect. They also do not have to validate.
11-16-2013 12:54 PM
I just received my second letter from Cavalry in response to my DV. The first letter said they would investigate and get back to me in 60 days. Its now well over 30 days. The second letter I received today states that they are still attempting to validate throught the OC. The OC is HSBC. By now, everyone has heard and read all of the drama with HSBC. Cavalry also contacted the CRAs and notified them of a dispute. I contacted the CRAs and had the comments removed.
What should I do next? Just wait?? Does it really take more than 30 days to validate a debt?
11-16-2013 01:46 PM
11-16-2013 01:58 PM
Okay, I'll wait it out.
Is it SOP to request documentation from the OC on a DV? This will be interesting since HSBC is supposedly defunct...
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