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Law offices of Kevin Shine (square two financial Collection company) has a hard inquiry posted OCT 26.
I DV'd them back in march, certified return receipt, and never heard a word from them. Was trying to save up the money to pay it and give me some time to keep it off my reports until then. I have saved 30% of the debt (3k).
What does the inquiry mean? Im just wondering if I should offer them the 30% I have saved or leave it be until they contact me. I just dont want this to go on my reports, the original charge off is from a Key Bank student loan, and they have sold the debt/written it off to square two. They sold it in November 2011, and sent first dunning notice in march. DV'd the day I got the letter by fax and certified mail. Havent heard a word since.
Should I contact them to offer what I have in hopes of keeping it off my report, or should I wait it out and continue to save until I have a better offer to give?
It can't hurt to ask them about a settlement. If you do, ask them about removing the hard pull as well.
You sent them a DV right when you got the first dunning notice? Now they have done a HP without having answered your DV? I do believe that is an attempt to collect the debt without validating it and is a FDCPA violation.
thats what I was thinking, but It just happened three days ago. My fear is that they mailed it out already and I should get the validation soon. I dont know what to do though.
Just an update: I emailed their compliance email (the only info I could find) because my fax wouldnt go through. kept saying their line was busy.
I saw their BBB complaints, and the first one I read mentioned that they offered the person a 38% settlement. So I figured I would email them my 30% settlement offer, and if they accept, great, or if they up it to 40% or something I can have that within 30 days. Hopefully I can get this debt behind me, It was a huge mistake that I honestly had no idea about. College kid mistake.
I also mailed them a letter, hopefully they will accept my offer or give me another settlement offer. I always wonder how much they pay for debt? lol
It's pennies on the dollar.
They're making their money. Don't worry.
@madmann26 wrote:It's pennies on the dollar.
They're making their money. Don't worry.
Ok, well cross your fingers for me. This is my only debt out there, and Its been such a dark cloud for the longest. They havent reported a collection yet, so Im hoping to get the settlement. I included that they not report to any CRAs if they agree to the settlement. That would be fantastic!
Good work there! Best of luck!
AHHHH, sorry to keep this thread going, but theres more... I just received an email back and the letter agrees to the settlement, but doesnt say anything about removing their hard inquiry, or not reporting it to the CRAs.
Should I pay to be done with this, and just hope that they dont report a collection? Like I said, they arent reporting anything right now, if I pay they would have less of a reason to, right?
What would you do? I dont want to miss out, and would love to get this off of my chest!