Hi to all, I started the journey to clean my report and I've been reading this great forum to the point that I'm overwhelm,thank you all for your contributions question is if I dispute a debt or have the CRA's do it will reset the "so call clock" on the debt? Who if I try to settle? Will that wake up the hornets nest?
Thank you in advance.
Disputing will not reset the clock on a debt unless you bring it back to current and default again. Are these items out of the SOL for your state? Whats your credit picture??
Neither a dispute nor a DV will reset any periods under the FCRA, but I have a basic question....what is meant by "disputing the debt?"
A request for debt verification, or a dispute over accuracy of their reporting?
If the debt is either invalid or reporting inaccurately, do you want that resolved prior to entering into any negotiations to settle the debt?
I am not sure exactly what the plan is.....