Valued Member
Watts
Posts: 33
Registered: ‎10-10-2012
Question on a no response DV
If a CA doesn't respond to a DV, do they have to stop collection efforts... Does this mean they must delete off the report until they do validate since that is technically a collection effort?
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
Re: Question on a no response DV

No, failure to respond to a DV even timely does not require deletion from information already on your CR.


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+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Valued Member
Watts
Posts: 33
Registered: ‎10-10-2012
Re: Question on a no response DV
So, if they aren't actively collecting now.. whats the real point of the DV?

If they fail, can I send my docs of letters/requests sent to the CRA to see if they would delete?
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
Re: Question on a no response DV

What you are referring to, some call the 1-2 punch.  These only get lucky if the CA doesn't validate the debt to the CRA.  It in no way compels them to delete.  First off, unless the DV is timely, or you live in the state of Texas,  they don't have to respond to anything.  If the DV is timely, then they are barred from further collection attempts until they validate.  That does not affect what is already on your CR.  If say a year down the road, they decide to validate, then they do that and resume collection.


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!
Valued Member
Watts
Posts: 33
Registered: ‎10-10-2012
Re: Question on a no response DV
So basically, I can DV the CA but if they dont respond to me but they do validate with the CRA I have no leverage to use that against them with the CRA?

Am I understanding this correctly?
Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
Re: Question on a no response DV

Watts wrote:
So basically, I can DV the CA but if they dont respond to me but they do validate with the CRA I have no leverage to use that against them with the CRA?

Am I understanding this correctly?

Debt validation is a FDCPA thing... debt reporting is a FCRA thing.

 

They are different processes, different rules, different everything.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Valued Member
Watts
Posts: 33
Registered: ‎10-10-2012
Re: Question on a no response DV

That makes sense.. my legs already hurt from jumping through hoop after hoop and I have just started this week. =)

Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
Re: Question on a no response DV

Watts wrote:

That makes sense.. my legs already hurt from jumping through hoop after hoop and I have just started this week. =)


Yeah; I know the feeling... legs still hurt from years of it :smileywink:

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX