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DV question

Valued Contributor

DV question

I tried searching, may have missed it but didn't find anything, but does requesting DV restart any clocks (SOL or CRPT)? I want to say I've read here that it doesn't, but would like to make sure. Thanks

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


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Message 1 of 26
25 REPLIES
Moderator Emeritus

Re: DV question

Nope on SOL assuming you didn't variate from the meaning of a DV like admitting to the debt or offering to pay. Nothing can reset DOFD (legally).

Message 2 of 26
Valued Contributor

Re: DV question

No I haven't sent the DV yet. I was planning to send the Lonnster DV letter on the board to my last remaining bad, but the CA appears to be lawyers?? and I didn't want to do something dumb. That is scheduled to drop off in 2013 according to the EX and TU reports I have seen.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 3 of 26
Senior Contributor

Re: DV question


-Cain- wrote:
I tried searching, may have missed it but didn't find anything, but does requesting DV restart any clocks (SOL or CRPT)? I want to say I've read here that it doesn't, but would like to make sure. Thanks

DoFD no.

 

SOL maybe.  It's always best to use terminology like "alleged debt" or "even thoguh I do not believe I owe this money, I am willing to ... ".

IAALBNYL
Message 4 of 26
Valued Contributor

Re: DV question

Thanks for the replies, I appreciate it.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 5 of 26
Community Leader
Epic Contributor

rsRe: DV question

DV letters relate to debt collection practices under the FDCPA.  They are not reported to a CRA, and are not recorded in your credit file.

The periods used to calculate deletion dates from your CR are based only on the relevant date of a derog or delinquency reported to your credit file.

 

Message 6 of 26
Valued Contributor

Re: rsRe: DV question

That would cover DoFD, but SOL is a different animal then?

Also, can a DV letter cause a TL to be noted as disputed even though one isn't disputing through the CRA? Is that up to each CA or is it the norm?

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 7 of 26
Senior Contributor

Re: rsRe: DV question


-Cain- wrote:
That would cover DoFD, but SOL is a different animal then?

Also, can a DV letter cause a TL to be noted as disputed even though one isn't disputing through the CRA? Is that up to each CA or is it the norm?

Yes, SOL is a totally different animal.

 

There have been cases of a DV resulting in a dispute annotation on the tradeline.  Not sure it is the norm, though.

IAALBNYL
Message 8 of 26
Valued Contributor

Re: rsRe: DV question

I thought I had read some posts like that here...

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 9 of 26
Valued Contributor

Re: rsRe: DV question

To find the TLs owner, is it best to DV the CA or call/write the OC directly?

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 10 of 26