Reply
Regular Contributor
Posts: 186
Registered: ‎09-20-2012
0

Sent a DV now what?

[ Edited ]

So I had a nasty pop up from NCO at the beginning of last month on my report, but no DN got sent to me. I sent a DV  on 10/22 via CMRR got the card back saying they signed for it, but nothing yet. What should my next step be, send another DV? Nothing has changed on my CR yet at all yet either.

Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: Sent a DV now what?

The DV acutally shouldn't affect anything on your CR.  If sent timely, it's just a time bar on their ability to collect the debt, it doesn not prevent any previous postings to your CR.  It just means they can't call or attemtp collection activity until they have validated the account.  That could be tomorrow, could be next year.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 186
Registered: ‎09-20-2012
0

Re: Sent a DV now what?

Should I try and dispute it or just wait and see if they validate?

Valued Member
Posts: 36
Registered: ‎11-05-2012
0

Re: Sent a DV now what?

NCO is usually quite easy, I would wait a little bit longer.


Starting Score: 467 EQ
Current Score: 467 EQ
Goal Score: 720+


CollectionKing's Rebuild Thread

Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: Sent a DV now what?

What would be the purpose of your dispute? Do you have a valid reason?

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Epic Contributor
Posts: 21,230
Registered: ‎03-19-2007
0

Re: Sent a DV now what?

+1

You would not dispute based on their failure to have verified, as verification is not compulsory.  What is compulsory is their cessation of collection activites until such time as they have verified.

 

You can dispute, but you have the burden of identifying some inaccuracy in their reporting as the basis.

 

If you wish to give them a push, you could, based upon their failure to have sent dunning notice within 5 days of posting to your CR, send a formal complaint of violation of FDCPA 809(a) to the FTC.  They must respond back to the FTC on that issue, which may spur them to get out from under the entire DV process by providing verification.

 

No need to send another DV.  Your first one now has them under a cease collection bar, so I would not communicate with them.

Regular Contributor
Posts: 186
Registered: ‎09-20-2012
0

Re: Sent a DV now what?

They had never even called or sent any letters in the mail. I just got a notice on ScoreWatch that it was added back in the beginning of October and then heard nothing from them after 2 weeks of it being on my report and I then sent the DV, that's why I was confused about it. On scorewatch it says unidentified for the OC, so I don't even know what it's for.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.