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Updating KD during DV

Frequent Contributor

Updating KD during DV

Gotta love texas. Sent a company a dv cmrrr on 8/20, haven gotten a response..but they keep updating as a KD. Is that allowed - meaning don't they have to suspend everything until they validate or at the very least respond?

Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660



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Frequent Contributor

Re: Updating KD during DV

Key derogatories are a relatively new status update and primarily used by EX from what I''ve read - they are now using KD to represent any major derog. and it apparently destroys your score - im not sure about activity after a DV - I know they are not allowed to continue collection activites but I'm not sure if that also means they cannot contiue to report "accurately" - I'd be interested to know this too


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


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New Contributor

Re: Updating KD during DV

THey are not allowed to post any negative information pending a debt validation.   Various courts have ruled that posting kds are a form collection activity.  Which makes sense, why else would they be harming your credit score if not to get you to feel cooerced enough to give them what they want. Try reading fdcpa section 809.

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