Reply
Established Contributor
Posts: 697
Registered: ‎03-16-2012
0

DV'd through email

I have one last collection on my report and last week I tried to DV it... today, I got a mail from the collection agency with the OC and the balance.....does this mean they validated my account??.. it's supposed to come off on 07/2013 or 08/13 but am wondering, should I just ask for PFD instead and pay it just to get it over and done with?? please advise


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Moderator
Posts: 13,877
Registered: ‎04-15-2011
0

Re: DV'd through email

Let's take a look at this debt.   What's the SOL of your state?   How much is the debt for?  This might make a bit of a difference in the tactic you use for a PFD.  



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
Posts: 697
Registered: ‎03-16-2012
0

Re: DV'd through email


Shogun wrote:

Let's take a look at this debt.   What's the SOL of your state?   How much is the debt for?  This might make a bit of a difference in the tactic you use for a PFD.  


Hi shogun... SOL here is 5 yrs (CA).. debt was for $673 (interest inluded)....


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Moderator
Posts: 13,877
Registered: ‎04-15-2011
0

Re: DV'd through email

So you have a $673 debt that is past the SOL of your state and is scheduled to fall off in 8 or 9 months.   I'd pay it, but I wouldn't pay all of it.  Offer them a PFD for 50%.   Be nice to them but don't acknowledge the debt is yours.  For example.

 

I am writing you in regards to acct. #xxxxx.   While I am by no means acknowledging this as a legitimate debt, I would be willing to show a gesture of goodwill and resolve this debt for $300 if you will return my gesture of goodwill and omit any and all postings pertaining to this debt from all the credit bureaus..  I do understand that this debt is past the SOL of my state and is nearing the time period of which it may remain on my credit report but I would be willing to resolve this now.

 

 

Anyway, put something like that on there.  Send it in, see what they say.  Good luck.

 



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
Posts: 697
Registered: ‎03-16-2012
0

Re: DV'd through email

:smileysad:
Shogun wrote:

So you have a $673 debt that is past the SOL of your state and is scheduled to fall off in 8 or 9 months.   I'd pay it, but I wouldn't pay all of it.  Offer them a PFD for 50%.   Be nice to them but don't acknowledge the debt is yours.  For example.

 

I am writing you in regards to acct. #xxxxx.   While I am by no means acknowledging this as a legitimate debt, I would be willing to show a gesture of goodwill and resolve this debt for $300 if you will return my gesture of goodwill and omit any and all postings pertaining to this debt from all the credit bureaus..  I do understand that this debt is past the SOL of my state and is nearing the time period of which it may remain on my credit report but I would be willing to resolve this now.

 

 

Anyway, put something like that on there.  Send it in, see what they say.  Good luck.

 


i'll probably just copy that and see what happens.... probably settle for lesser since it's a really old account... hopefully theyll take it and delete the account.... my other two GW letters that i sent out last month wasn't successful...


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Established Contributor
Posts: 697
Registered: ‎03-16-2012
0

Re: DV'd through email

and thanks for being so helpful!!!!!


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Moderator
Posts: 13,877
Registered: ‎04-15-2011
0

Re: DV'd through email

You're welcome, and yes,, defininitely offer less.  If you're not embarassed to offer it, you didn't go low enough!



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
Posts: 697
Registered: ‎03-16-2012
0

Re: DV'd through email


Shogun wrote:

You're welcome, and yes,, defininitely offer less.  If you're not embarassed to offer it, you didn't go low enough!


what's the best way to communicate??? by letter or by phone???


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Moderator
Posts: 13,877
Registered: ‎04-15-2011
0

Re: DV'd through email

Letter I'd say.  That way there's a paper trail.



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Valued Member
Posts: 44
Registered: ‎09-28-2012
0

Re: DV'd through email

What's the name of the collection company?

Let them eat cake.
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.