Rebuilding Your Credit

[texasoklahoma]

is an unpaid home phone bill considered a written contract or open account? I'll give the details from my TU cr.
IC Systems Collections is the collection agency
acct # xxxx4943
loan type: open acct
remarks: placed for collection
date placed for collection: 03/2003
balance: $146
date updated: 08/2003
original balance: $146
original creditor: Grand Telepone Company
Past Due: $0
pay status: collection acct
acct type: open acct
responsibility: individual acct
estimated date this item will be removed: 01/2009
Im wanting to PFD but do I send to OC or CA? The CA is the one reporting. Do I DV first of PFD first? In my state the SOL is either 3 or 5 years, depending on type of contract. Either way, isnt is past the SOL? Do I PFD the full amount or a settlement offer? I just want to make sure I do this correct. I know to send CMRRR. Please advise.
MANY THANKS in advance

[HappyDays]

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texasoklahoma wrote:
is an unpaid home phone bill considered a written contract or open account? I'll give the details from my TU cr.
IC Systems Collections is the collection agency
acct # xxxx4943
loan type: open acct
remarks: placed for collection
date placed for collection: 03/2003
balance: $146
date updated: 08/2003
original balance: $146
original creditor: Grand Telepone Company
Past Due: $0
pay status: collection acct
acct type: open acct
responsibility: individual acct
estimated date this item will be removed: 01/2009
Im wanting to PFD but do I send to OC or CA? The CA is the one reporting. Do I DV first of PFD first? In my state the SOL is either 3 or 5 years, depending on type of contract. Either way, isnt is past the SOL? Do I PFD the full amount or a settlement offer? I just want to make sure I do this correct. I know to send CMRRR. Please advise.
MANY THANKS in advance

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Yes it would be past SOL.......First you send a DV  CMRRR   this will drop off your CR 1/2009

They are showing this a an open account (type) which would make SOL 3 years.

I C Systems is a CA!!!  The OC is not reporting.

Message Edited by HappyDays on 04-29-2008 09:47 PM

[texasoklahoma]

HappyDays, thanks for the info.
The date to fall off my cr is 11/2009,not 01/2009 like I said.
Since the CA is reporting, I DV them? Do I DV the OC as well?
What happens if neither can provide proof of the debt?
I will be sure and remember to send all things in writing and mail only with CMRRR.

[slyhouse08]

If your planning on paying...try to call the OC and ofter to PIF if they agree to pull the account back from the CA...

[sidewinder]

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texasoklahoma wrote:
HappyDays, thanks for the info.
The date to fall off my cr is 11/2009,not 01/2009 like I said.
Since the CA is reporting, I DV them? Do I DV the OC as well?
What happens if neither can provide proof of the debt?
I will be sure and remember to send all things in writing and mail only with CMRRR.

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You can not DV a OC. You would send a DV to the CA who is reporting. If the CA can not validate, they can not collect and must remove it from your reports.

Like another poster mentioned, you can contact the OC and ask them to remove the debt from the CA and allow you to pay them. However, since it is a phone bill and from 2002, I doubt a phone company will, they don't tend to keep records very long, at least not in thier computer systems. But worth a try.

[texasoklahoma]

Ok I think I know what to do now. THANKS!!
I will DV the CA.
Once they get the letter, how long do they have to validate?