Rebuilding Your Credit

[RobertEG]

My first question on the charge-off is what is the DOFD on the account?

The CR shows plural 30 lates, indicating that the account went into and out of a delinquency status a couple of times.  Each beginning of a new chain of delinquencies resets the DOFD, so it is impossible to tell what the current SOL or CR exclusion period might be.  SOL and credit report exclusion dates are the two dates that have the most significance, and may affect your decisions on how to proceed.

ECOA code refers to the type of credit obligation....joint, sole, AU, co-signor.

DOLA means little or nothing.... its simply the last date some update was reported.  It is not one specific code.

MO in relation to your payment history profile designates the number of months of reporting of record in your file.  Payment history usually is retained for at least the last 24 months.

DV would only be sent to a debt collector.  Timely DV must be sent within 30 days of their dunning notice to invoke any cease collection bar.

How long ago did they provide dunning notice?  Being opened in 2011, DV may no longer be timely.  You can still request DV, but if untimely, it would impose no restrictions upon the debt collector.

PFD offers can be for any amount you choose to offer.  The essential factor is that, for whatever amount they accept, they report the debt as fully satisfied.

[adio413]

REG,

   idk when the DOFD is/was. this credit report is from universal credit services,so it's probably a FAKO type deal.

i also dont remember when and/or if a dunning notice was sent. i would like tosend DV letters, but with the dates on this CR, well, i just don't know what my next move should be

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RobertEG wrote:

My first question on the charge-off is what is the DOFD on the account?

The CR shows plural 30 lates, indicating that the account went into and out of a delinquency status a couple of times.  Each beginning of a new chain of delinquencies resets the DOFD, so it is impossible to tell what the current SOL or CR exclusion period might be.  SOL and credit report exclusion dates are the two dates that have the most significance, and may affect your decisions on how to proceed.

ECOA code refers to the type of credit obligation....joint, sole, AU, co-signor.

DOLA means little or nothing.... its simply the last date some update was reported.  It is not one specific code.

MO in relation to your payment history profile designates the number of months of reporting of record in your file.  Payment history usually is retained for at least the last 24 months.

DV would only be sent to a debt collector.  Timely DV must be sent within 30 days of their dunning notice to invoke any cease collection bar.

How long ago did they provide dunning notice?  Being opened in 2011, DV may no longer be timely.  You can still request DV, but if untimely, it would impose no restrictions upon the debt collector.

PFD offers can be for any amount you choose to offer.  The essential factor is that, for whatever amount they accept, they report the debt as fully satisfied.

---

[adio413]

here's another...........

GECRB/SAMS

XXXX-XXXX-XXXX

DATE REPORTED: 09/09

DATE OF LAST ACTIVITY: 2/09

DATE OPENED: 2/07

HIGH CREDIT: $600

ECOA: B

BALANCE: $0

ACCT TYPE: REVOLVING

PAYMENTS REMAINING: $0

CURRENT STATUS: CHARGE OFF

HISTORICAL STATUS:

MO= 31  30=1  60=1  90=4

AMOUNT PAST DUE: $0

 i was gonna send them a DV letter but it seems  that i don't owe them any money.  should i send a GW letter?  idk what the DofD was

[Middleswarth]

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adio413 wrote:

REG,

   idk when the DOFD is/was. this credit report is from universal credit services,so it's probably a FAKO type deal.

i also dont remember when and/or if a dunning notice was sent. i would like tosend DV letters, but with the dates on this CR, well, i just don't know what my next move should be

---

Get your reports from here - AnnualCreditReport - It is free once a year and will give you much more detail.

[adio413]

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Middleswarth wrote:

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adio413 wrote:

REG,

   idk when the DOFD is/was. this credit report is from universal credit services,so it's probably a FAKO type deal.

i also dont remember when and/or if a dunning notice was sent. i would like tosend DV letters, but with the dates on this CR, well, i just don't know what my next move should be

---

Get your reports from here - AnnualCreditReport - It is free once a year and will give you much more detail.

---

would they have the DOFD on my accounts?

[adio413]

ttt and bump

[rckstrscott]

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adio413 wrote:

ttt and bump

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yeah, the annualcreditreport.com reports are straight from the agencies and have the DOFD

-scott

[adio413]

thanks rckstrscott............

i mailed all my dv letters today and a gw letter to credit acceptance. now i wait

[adio413]

so i mailed a DV letter to cbcs last week and heres what i got back today.........

account #

my name

address

client name: pepco                account balance= $271.14   total balance= $271.14

by ignoring this obligation, further collection activity could be taken to bring this account to a conclusion.  this could be avoided with your cooperation. to avoid further processing, we must have your payment in full.

if you continue to ignore our request for a disposition of this account, you, yourself, must accept responsibility.

please mail payment in full to stop collection activity.

this communication from a debt collector is an attempt to collect a debt and any information obtained will be used for that purpose

you may contact us at 1877-334-4763

why didn't they validate the debt? should i send another DV letter or go straight to the PFD letter?

[MarineVietVet]

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adio413 wrote:

so i mailed a DV letter to cbcs last week and heres what i got back today.........

account #

my name

address

client name: pepco                account balance= $271.14   total balance= $271.14

by ignoring this obligation, further collection activity could be taken to bring this account to a conclusion.  this could be avoided with your cooperation. to avoid further processing, we must have your payment in full.

if you continue to ignore our request for a disposition of this account, you, yourself, must accept responsibility.

please mail payment in full to stop collection activity.

this communication from a debt collector is an attempt to collect a debt and any information obtained will be used for that purpose

you may contact us at 1877-334-4763

why didn't they validate the debt? should i send another DV letter or go straight to the PFD letter?

---

They sent you everyting that is required by law. Here is what FDCPA 809 says:

FDCPA 809. Validation of debts

(a) Within five days after the initial communication with a consumer in connection with the collection of any debt, a debt collector shall, unless the following information is contained in the initial communication or the consumer has paid the debt, send the consumer a written notice contain­ing—

(1) the amount of the debt;

(2) the name of the creditor to whom the debt is owed;

(3) a statement that unless the consumer, within thirty days after receipt of the notice, disputes the validity of the debt, or any portion thereof, the debt will be assumed to be valid by the debt collector;

(4) a statement that if the consumer notifies the debt col­lector in writing within the thirty-day period that the debt, or any portion thereof, is disputed, the debt col­lector will obtain verification of the debt or a copy of a judgment against the consumer and a copy of such verification or judgment will be mailed to the consumer by the debt collector; and

(5) a statement that, upon the consumer’s written request within the thirty-day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.