Mysteries Collection Agency: 236YC01352

[Geppy]

Yeah, I'm realizing I have some leverage here.  Thanks!

I'm just wondering now whether it will move the needle enough on my FICO to make it worth doing a PFD.  Thoughts?

And again, thank you!  This is a pretty awesome community

[llecs]

Hi Geppy, your links to CIC were edited out. Unfortunately that site offers credit repair advice that is unethical and goes against the Credit Repair Discussion Guidelines of this site. The link, Example letters , does have PFD letters as posted. And alternative for SOL would be here. As with any SOL source, laws change all the time and there can be errors.

[Geppy]

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@llecs wrote:

Hi Geppy, your links to CIC were edited out. Unfortunately that site offers credit repair advice that is unethical and goes against the Credit Repair Discussion Guidelines of this site. The link, Example letters , does have PFD letters as posted. And alternative for SOL would be here. As with any SOL source, laws change all the time and there can be errors.

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Oh, wow.  My apologies IIecs.  I had no idea... still too new here.

Thanks for the alternate links.  The good news is, it looks like the SOL for California is still 4 years so nothing has changed for that.  

Still hoping to get an opinion on the bang for my PFD buck I'd get in my FICO and if it's worth it or not.  If it seems so, I'll be starting to process on it ASAP and I'll do my duty to contribute to the community by updating this thread and letting everyone know how my journey with this collection goes.

Thanks again!

[llecs]

SOL is definitely 4 years in Cali. Also, a payment can reset SOL there as well. 

[Geppy]

A payment can reset it, but if I send a PFD and they accept it... then it gets deleted, yes?  Any SOL would be moot then, not reset.

[llecs]

SOL is the time frame a credit has to sue. If you have the $$$ set aside, then SOL is pointless because you can always pay to avert a judgment. SOL has nothing to do with reporting.

CRTP is the reporting time period. That's set by federal law and is 7-7.5 years from the DOFD of the debt. So, no matter if they accept a PFD or not or if you pay it or don't, it'll still disappear as scheduled. And yes, moot issue if they do accept the PFD.

[Geppy]

Ok, that's what I thought.  My belief right now is that my SOL can't be reset because I'm either not going to pay it, or I'll pay it via PFD.

However, reading through the "What Steps Do I Take" thread, I'm wondering what my actual course of action should be. 

As I said in the beginning, I don't even know what this collection is for.  That being said, do I send a DV first?  Do I dispute it with the credit reporting agencies first?  Or do I just do a PFD?  I'm not clear on what the best course of action is here.

[llecs]

I always recommend sending a DV first. If they respond, then you might have a better idea of whether or not the debt is legit and they'll give you a balance of which you can base your PFD off of. I wouldn't dispute.

[Shogun]

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@llecs wrote:

I always recommend sending a DV first. If they respond, then you might have a better idea of whether or not the debt is legit and they'll give you a balance of which you can base your PFD off of. I wouldn't dispute.

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+1

What would you dispute?  Do you have a valid reason to dispute it?  Just because it's on your CR is no reason to dispute.

[Geppy]

I'm not sure honestly.  All I know is that I don't recognize it and I don't believe it's mine.  I suppose I should get confirmation on that before I dispute it.  

Would I contact the original creditor for some sort of confirmation/proof of the debt?