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12-12-2012 08:33 AM
Hello, If anyone is willing to help.
I have a debt with a CA on my report that shows a DLA of 11/2006. The SOL in my state is 6 years. I truely don't recall the debt, and the creditor JUST started calling. I stated during the call that I don't recall the debt and they came back with the "don't give me that" line. They did have a valid last 4 of my SSN.
Anyway, my question is, should I send a DV letter? Should I send a C&D? I don't want to reset the DLA since the SOL is up, and it will fall off of my report in another year, but I really need it off NOW. Any suggestions?
12-12-2012 09:53 AM
Send them a DV.
The fall off date is tied to your DoFD. As long as the DoFD isn't changed, then it will fall off in 7 years + 180days.
12-12-2012 09:53 AM
So you have a debt that shows DLA of 11/2006. Well The DOLA doesn't really factor into the setting the clock for either the CRTP or the SOL. I would guess that the DOFD, which does set the clock is somewhere before 11/2006, which means that this debt is nearing the end of life. I would pull a good copy of your CR to see exactly what the DOFD is.
You could send the DV, probably wouldn't do any good if they have all that info, plus it wouldn't be timely. I wouldn't send a C&D cause that would just mean they couldn't contact you, wouldn't mean they couldn't post to your CR. As far as them reseting the DOFD, a CA cannot do that. You don't have an agreement with them, so there's no way for them to change the terms.
Who is this debt with now? Is the OC still reporting or did they ever report?
Let me know if I can help. Good Luck.
12-20-2012 08:58 AM
Thanks for the replies.
Shogun, thank you for the advice. It is being reported by both the CA and the OC. Not sure what the exact DoFD is, but Transunion CR is estimating that the OC line will fall off in 9/2013, and the CA line in 10/2013. The OC is showing a zero balance and charge off.
Does this sound right?
Should I just send them a C&D and wait it out until 10/2013 and make sure that the lines are gone?
Any way to get this off of there any quicker that you know of?
12-20-2012 09:46 AM
That sounds about right on the CRTP with them falling off. The only way to get it off earlier is actually to settle the debt, which I always suggest to do. You could PFD the CA and GW the OC. Depends on how much the debt is and how much you're willing to spend.