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05-29-2013 11:33 AM
If I know that an unpaid charge off is mine, should I waste the $3 sending a DV or should I just send a PFD?
05-29-2013 11:42 AM
Is the CA actively collecting, as in sending dunning notices, calling, updating your report?
If they are, I would just ask for a PFD as that would show they actually have collection authority.
05-29-2013 11:45 AM
Yes, they are actively collecting. I will just send PFD. It is CAP1. Hopefully, they will help a girl out!
05-29-2013 11:59 AM
05-29-2013 12:07 PM - edited 05-29-2013 12:11 PM
Here is what is on my report. SHould I PFD, DV, or GW them?
05-29-2013 12:37 PM
From that chart, the only OC that does not own the debt is Fingerhut. You would need to work with the corresponding CA, which is Midland.
The rest of them, by reporting a balance, indicate the debt is still owned by the OC. You can request PFDs from the OC.
If a debt is still within your states suing SOL it is not a good idea to send a DV letter unless you are able to pay the full amount. Reason being is they could sue you. If it is not within suing SOL, you have a choice. If the CA is reporting monthly that indicates they have collection authority and you can forego the DV and just send a PFD.
If they have not reported in a while, send a DV and if they validate, ask for a PFD.
05-29-2013 12:41 PM
In response to the SOL, I thought they had to remove after 7.5 years. So would it make sense for me to shell out money if it is scheduled to come off within a year?
05-29-2013 12:44 PM
Your states suing SOL is not the same thing as the CRTP. Yes, CO's and collections are removed no later than 7.5 years from the DoFD but your states suing SOL could be longer than 7 years, depending on your state.
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