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Regular Contributor
ktm214
Posts: 226
Registered: ‎08-24-2009
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Dynamic Recovery Solutions

I got a SW alert today saying I had a new inquiry. DRS. I have done some research and it appears they are most likely JDB, bottom feeders. Would anyone second this or know any different? Should I send a DV?
Regular Contributor
ktm214
Posts: 226
Registered: ‎08-24-2009
0

Re: Dynamic Recovery Solutions

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Member
Miriamaker
Posts: 7
Registered: ‎05-04-2007
0

Re: Dynamic Recovery Solutions

[ Edited ]

These guys are hounding me for a 12 yr old Discover charge-off. They called me this weekend, and Tues. morning Equifax notified me that they did a hp on my CR. They are rude, and the CSR I talked to was barely relaying the information. I'm sending them a DV, and they are a bottomfeeder from what I've read here but I'm not sure what to do about the hp??  I'm new to all this. Can anybody out there advise US? :smileyhappy:

Established Contributor
tonyjones
Posts: 528
Registered: ‎04-22-2013
0

Re: Dynamic Recovery Solutions

Yeah I just got a Hard Pull from them on Equifax, so weird, the debt i'm 100% sure is probably pass SOL, when I send the DV letter should I send it Certified?


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Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: Dynamic Recovery Solutions

Always send the DV certified.

 

With an account that old, there a couple of ways of dealing with it.

 

1.  Settle the debt, maybe 20% or so just to get rid of it.

2.  Send them a cease and desist letter.


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Established Contributor
tonyjones
Posts: 528
Registered: ‎04-22-2013
0

Re: Dynamic Recovery Solutions


Shogun wrote:

Always send the DV certified.

 

With an account that old, there a couple of ways of dealing with it.

 

1.  Settle the debt, maybe 20% or so just to get rid of it.

2.  Send them a cease and desist letter.


Ok I will send a DV letter certified then C & D. I assume they won't return my DV letter.

 

Is there anyway I can dispute with Equifax to get that hard inquiry removed? I think they are doing it because they aren't allowed to report it as a collection to the CRA am I correct?


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Member
Miriamaker
Posts: 7
Registered: ‎05-04-2007
0

Re: Dynamic Recovery Solutions

Hey, tonyj! I disputed with Equifax and it came back lickety split. Verified. O.o REALLY, Equifax? Did you even blink? :smileymad:

 

My question is can they CONTINUOUSLY ping my CR for the next umpteen years even after sending a cease and desist?

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
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Re: Dynamic Recovery Solutions

[ Edited ]

Yes.  A cease and desist just means they cannot contact you personally.  It does not take away their PP for pulling your CR.

 

Depending on your state laws, they may or may not be able to pull your CR after SOL has expired.

 

What is continuously? 

 

 

Established Contributor
tonyjones
Posts: 528
Registered: ‎04-22-2013
0

Re: Dynamic Recovery Solutions


guiness56 wrote:

Yes.  A cease and desist just means they cannot contact you personally.  It does not take away their PP for pulling your CR.

 

Depending on your state laws, they may or may not be able to pull your CR after SOL has expired.

 

What is continuously? 

 

 


Are they allowed to report the TL as a collection account still? even if it's passed the SOL in California?

 

 


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Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Dynamic Recovery Solutions

That depends.  State SOL has nothing to do with reporting.

 

If the CRTP (7.5 years past DoFD) is expired, no they cannot.  If it hasn't, yes they can.


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