topic Re: Advice on 'loss as reported by credit garantor' in General Credit Topics

Advice on 'loss as reported by credit garantor'

Anonymous — Sun, 30 Sep 2007 18:06:22 GMT

Hi all, Thanks to all for the helpful advice on here, I've read and learnt a great deal. I have an issue that is a little unique that I'm hoping someone might be able to offer advice. 3 years ago I moved overseas, and have only just moved back. I thought I left everything in good order. I do have a couple of 30 day CC payments simply because it took a little longer than expected to transfer money back to the US. It's all good now and balances are $0. What bothers me is I have 'loss as reported by credit giver'. I had a cell phone contract that expired 3 months after I left, which I thought I payed out. Obviously I had no contact details valid to be notified of this deliquency, so its been on my record since June 2005. Of course, I will check to make sure if it is a real debt, but if it is real debt what's the best action to take? The debt is only $77 and I'll pay if its real, but is a pay-to-delete letter the best to do in this situation? Can something this severe be removed from my report or will it hang around? Current scores are 640-660, and I'd like to be in a good position to buy a house in 12 months or so. Thanks in advance for your help

Re: Advice on 'loss as reported by credit garantor'

Anonymous — Sun, 30 Sep 2007 20:27:24 GMT

Send a DV (debt validation letter) and if they validate try a PFD.

Re: Advice on 'loss as reported by credit garantor'

Anonymous — Mon, 01 Oct 2007 03:12:02 GMT

Sound advice Timothy. I agree

Re: Advice on 'loss as reported by credit garantor'

Anonymous — Mon, 01 Oct 2007 15:22:48 GMT

That's what I was going to do, thanks for agreeing. I'll let you all know how it turns out.

Re: Advice on 'loss as reported by credit garantor'

Anonymous — Wed, 17 Oct 2007 22:51:33 GMT

I sent off a PFD, and have received a letter back from Verizon Wireless. Basically it says "please call us to discuss your concerns" without mentioning any of the details in the PFD letter.

I read posts here where people stay NEVER talk to CA's, yet others have had great success over the phone. Should I call these people or not?

Thanks in advance

Re: Advice on 'loss as reported by credit garantor'

Anonymous — Thu, 18 Oct 2007 00:42:02 GMT

newtoca wrote:
I sent off a PFD, and have received a letter back from Verizon Wireless. Basically it says "please call us to discuss your concerns" without mentioning any of the details in the PFD letter.

I read posts here where people stay NEVER talk to CA's, yet others have had great success over the phone. Should I call these people or not?

Thanks in advance

Im trying to understand what came first.......did you DV the CA and then got an answer to call????

If so why would you send a PFD???

NEVER TALK TO A CA!!!!!!!!!

Message Edited by HappyDays on 10-17-2007 05:41 PM

Message Edited by HappyDays on 10-17-2007 05:42 PM

Re: Advice on 'loss as reported by credit garantor'

Anonymous — Thu, 18 Oct 2007 15:58:22 GMT

I never sent a DV letter, the first thing I sent was a PFD. I'm certain the debt is real, and for $77 I was quite happy to pay it off. I just wasn't expecting this reply from them.

Should I send a DV letter, even though I expect it to come back verified? Or resend in another PFD?

Thanks in advance