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Regular Contributor
randaljon
Posts: 229
Registered: ‎02-15-2011

Debt Verification, Debt Validation, Letter of Deletion

Are these 2 letters one in the same? Or do you send a Verification letter to a CA first, if they respond, then send a Validation letter?

 

Do you send a request for a letter of deletion before these letters or after, or both?

 

Thanks


Starting Scores(Jan/2011): EQ 564 TU 538 EXP 576
Current Score: EQ 692 TU 728 EXP 710 (Quizzle FAKO)Goal Score: 720


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Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: Debt Verification, Debt Validation, Letter of Deletion


randallcred wrote:

Are these 2 letters one in the same? Or do you send a Verification letter to a CA first, if they respond, then send a Validation letter?

 

Do you send a request for a letter of deletion before these letters or after, or both?

 

Thanks


Hello and welcome to the forums.

 

Here is an excellent thread discussing some of that: What Steps Do I Take?

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

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Moderator
LIGHTNIN
Posts: 4,049
Registered: ‎03-24-2008

Re: Debt Verification, Debt Validation, Letter of Deletion

No they are not the same. Do you have a collection on your CR that you what deleted?

If so, give us some info about it, minus your personal info of course.:smileywink:

FICO's Oct 2013 TU711 EQ713 EX723~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
Regular Contributor
randaljon
Posts: 229
Registered: ‎02-15-2011

Re: Debt Verification, Debt Validation, Letter of Deletion

My main question is, should I send an offer to pay off the CA debt in exchange for a "letter of deletion". Or should I go through the Validation process first?

 

Here is a process I was going to use.

1. Dispute the collection, and ask for verification or offer to pay half the debt in exchange for Letter of Deletion.

 

2. If they reject the offer and verify, then ask for Validation.

 

3. Offer to pay full debt for letter of deletion.

 

These are CA, original creditors were credit card companies.


Starting Scores(Jan/2011): EQ 564 TU 538 EXP 576
Current Score: EQ 692 TU 728 EXP 710 (Quizzle FAKO)Goal Score: 720


Wallet: Grow Visa 500, Capital One MC 2000, Capital One MC 1250, Paypal MC 3000, Jared 10500, Kay 2000, Walmart 2050, TJX Rewards 1200
Moderator
LIGHTNIN
Posts: 4,049
Registered: ‎03-24-2008

Re: Debt Verification, Debt Validation, Letter of Deletion

You send a DV debt validation letter first,then if they verify you send a PFD letter.

 

 Go to the link below that says  What Steps Do I take?  There you will find detail steps to take     

If you have any questions,come back here and post.

FICO's Oct 2013 TU711 EQ713 EX723~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
Regular Contributor
randaljon
Posts: 229
Registered: ‎02-15-2011

Re: Debt Verification, Debt Validation, Letter of Deletion

Ok thanks. I have 3 collections on my account. I sent 3 DV Letters out today. Certified mail with return receipt requested.

 

When you send mail to the Credit Bureaus do you have to send it certified or can you just send regular first class?


Starting Scores(Jan/2011): EQ 564 TU 538 EXP 576
Current Score: EQ 692 TU 728 EXP 710 (Quizzle FAKO)Goal Score: 720


Wallet: Grow Visa 500, Capital One MC 2000, Capital One MC 1250, Paypal MC 3000, Jared 10500, Kay 2000, Walmart 2050, TJX Rewards 1200
Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007

Re: Debt Verification, Debt Validation, Letter of Deletion

If you dispute the debt or anything in your CR, there is NO need to first do a DV.  Unless you live in Texas, there is no period for them to repond to a DV letter.

Meanwhile, the disputed information remains in your CR.  YOu can do either one before the other, or both at the same time.  If you wait first for DV response, it may never come, and the dispute of inaccurte credit repoting would meanwhile remain unadressed.

DVs and disputes are separate matters, under entirely different statutes.  DVs deal with debt collection practices, and disputes deal with information in your CR.

Debt validation and verification both deal with DV letters, and not disputes.

The broad title of FDCPA 809 is "Validation of debts."  Under that broad umbrella are both requests to verify the debt (the amount of the debt) and to provide the full name and address of the original creditor.  Verification is one element that you can request under validation.

Regular Contributor
randaljon
Posts: 229
Registered: ‎02-15-2011

Re: Debt Verification, Debt Validation, Letter of Deletion

Oh they were for seperate issues. I sent the DV letters to collectors and I was sending seperate dispute to the Cred Bureaus for inquiries.


Starting Scores(Jan/2011): EQ 564 TU 538 EXP 576
Current Score: EQ 692 TU 728 EXP 710 (Quizzle FAKO)Goal Score: 720


Wallet: Grow Visa 500, Capital One MC 2000, Capital One MC 1250, Paypal MC 3000, Jared 10500, Kay 2000, Walmart 2050, TJX Rewards 1200

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