Frequent Contributor
Shokk
Posts: 384
Registered: ‎06-21-2013
Re: Any advice before C&D letters?

Shogun wrote:

DaBears wrote:

Cease and Desist letters will only stop them from calling or sending letters. If they are within the CRTP they can still list the debt on your credit reports. Unpaid debt never goes away and will be sold over and over again until its paid. 


Yes, but I think I see his thought patterns on this one.  Interesting, and nothing illegal or against the rules of doing this.


Exactly.  I know it doesn't go away, but if they sell, they have to remove the TL.  Assuming they do sell, I can keep this pattern going till the 7 years are up.  I'd love to do a PFD or PIF and GW to death, but everything combined is around $17 or $18k.  That would take me years,  CRTP is up on most of it in about 2 years.

I don't know my start scores, but low 500s. 6/13

8/13/13
EQ FAKO - 578 -- 8/2013 - 596 FICO - 9/3 - 641 10/2014 - 662
EX FAKO - 633 -- 8/2013 - 652 2/22 - 668 (FICO)
TU FICO - 621 -- 8/2013 -645 3/12 - 644 6/3 - 670 10/2014 - 670