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Established Member
Posts: 33
Registered: ‎07-30-2012


Ok So here is my question.  My ex-husband called me today and I had received a letter at his house dated 11/05/12 for a collection account through STONELEIGH RECOVERY.  It stated that the OC was GE.  I do not ever recall having an account with the OC and the collection agency is NOT showing up on my CR.  However, I am under contract to purchase a home and if this account pops up on my report, I will not be approved for my mortage.  they have offered me a settlement of $300 if paid by 11/30.  Should I just go ahead and pay this to avoid it popping up on my cb report?  The OC is NOT showing up on my report.  The address that the letter was sent to is an address that I haven't lived at in 2 yrs.  I just don't want to risk losing my dream home!


Thanks everyone for your help!!!


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Posts: 13,897
Registered: ‎04-15-2011


Send a DV now and set the time bar for the collection.  If you agree, pay it!

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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Posts: 108
Registered: ‎09-29-2012


martha75, my situation is almost the same as yours.Just got news of a new collection as I was about to look for lenders to apply with.Do you mind if I ask what lender you're going with? Thank you!

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Epic Contributor
Posts: 22,103
Registered: ‎03-19-2007


Shogun hit the nail on the head.

However, the time period is critical for a DV.  What is the date of their dunning notice?

If you DV them within the 30 day period set in the dunning notice, it will invoke an automatic cease collection bar on them, which includes reporting of their collection to a CRA.

If you are beyond 30days from dunning, I would still send a DV, but it wont invoke a cease collection bar.



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