topic Re: Trident ding on Credit - DV or PFD in Rebuilding Your Credit

Trident ding on Credit - DV or PFD

Anonymous — Thu, 27 Oct 2011 16:18:17 GMT

I recently went to refinance my house and found a Derogatory Remark on my Reports. This dropped my score considerably to around 660. Because of this my refinance rates are .25 - .5% higher (adds up to a good amount of money over 15-30 years).

The CA was Trident and it looks like its for $139.00 and OC was Columbia House. I cancelled and account with them years ago with nothing owed. I really don't have time to screw around with going back and forth with these jokesters so I am wondering what way I should go to get this removed from all my reports.

I have seen a few postings saying to send a DV letter Certified Mail and then a PFD.

Would anyone recommend just sending a PFD waiting for a response and paying the damn $139 or is it better to send the DV first.

Can anyone please post a sample of each letter to sent as well.

He is an example DV I found on another website but I am unsure if that is still valid as it wasposted in 2009 and I dont know if I need something that long.

I couldnt find a boiler plate example of PFD Letter. Could someone help draw a quick one up?

DV Letter i found below

CERTIFIED MAIL #: __________________________________________________

_____
Your Name
Your Address
YourTown,, State ZipCode

Debt Collection Company Name
Their address
Town, State ZipCode

Date:

Re: Debt Collection Company Name; Acct # Debt Collection Company #; Original Creditor Name; OC Acct #

To Whom It May Concern:
This letter is being sent to you in response to a notice sent to me on DATE. Be advised that this is a notice sent pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 (b) that your claim is disputed and validation is requested.
This is NOT a request for “verification” or proof of my mailing address, but a request for FULL MEDIA VALIDATION made pursuant to the above named Title and Section. I respectfully request that your offices provide me with competent evidence that (a) the account is valid, (b) the amount allegedly owed is accurate, and (c) I have a contractual obligation to pay Debt Collection Company Name for this alleged debt.
All of the following MUST be provided to adequately validate the authenticity of the alleged debt AND provide proof of my contractual obligation to Debt Collection Company Name for this alleged debt:
• Signed credit application between myself and the original creditor
• Copies of all signed vouchers from the date account was opened until default
• Copies of all statements from the date account opened until default
• Proof of the statute of limitations
• Proof of agreement that you were hired by the Original creditor (creditor as defined by the FDCPA) or
• A copy of the contract Debt Collection Company Name purchased the alleged debt.
• If the alleged debt was purchased, provide a copy of an agreement between Debt Collection Company Name and myself, signed by me, stating that I have a contractual responsibility to Debt Collection Company Name for the alleged debt
• Provide proof that Debt Collection Company Name is bonded/Licensed for debt collecting in the State of Your State
Be advised that failing to provide ALL of the media requested to validate the alleged debt will invalidate any and all claims Debt Collection Company Name is asserting regarding this alleged debt. If Debt Collection Company Name can NOT provide all of the validation media requested above, ALL collection efforts MUST be stopped and the account MUST be DELETED from the Debt Collection Company Name. If you can NOT validate your claim, you can NOT, by law, collect on it, or SELL it to another collection agency. Also, reporting a debt to the credit reporting agencies that can not be validated is a violation of the FCRA (Fair Credit Reporting Act), and carries a $2500 fine to be paid to me. I have two years to decide if I want to pursue this matter. PLEASE GIVE THIS MATTER THE ATTENTION IT DESERVES.
If your offices are able to provide all of the validating media as requested, I will require at least 30 days to investigate this information, and during such time, all collection activity must cease and desist.
I am also stating, in writing, that no telephone contact be made by your offices. If your offices attempt telephone communication with me, including but not limited to computer generated calls and calls or correspondence sent to or with any third parties, it will be considered harassment, and I will have no choice but to file suit. All future communications with me MUST be done in writing and sent to the address noted in this letter by United States Postal Service.

Best Regards,

Re: Trident ding on Credit - DV or PFD

MarineVietVet — Thu, 27 Oct 2011 17:29:17 GMT

Welcome to myFICO.

I would go ahead and send a DV because you don't know if this CA even has the right to collect on this debt. But that example is much too long and contains requests that a CA is not even required by law to provide. Keep the DV simple. Something like this:

"I pulled my credit bureau report, and I discovered that you claim I owe you a debt. Under FDCPA 809, send me validation of this debt."

"You claim I owe you a debt. In accordance with FDCPA, send me validation of this debt."

"I received your letter claiming I owe you a debt. Per the FDCPA, send me validation of this debt."

Send the letter CMRRR.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Trident ding on Credit - DV or PFD

Anonymous — Thu, 27 Oct 2011 17:55:06 GMT

Thanks. Do you then have an example of a PFD to send should they validate? Do i send that certified then?

Also is there a way to find the Trident mailing address and do I put the account number I saw on my report on the letter?

Lastly when i goto the USPS store do i just ask to ship CMRRR or are there a few forms they will attach to the letter?

Re: Trident ding on Credit - DV or PFD

MarineVietVet — Thu, 27 Oct 2011 17:56:48 GMT

@Anonymous wrote:
Thanks. Do you then have an example of a PFD to send should they validate? Do i send that certified then?

Are you still within the SOL (Statute of Limitations) for your state? You need to know that first. If still within the SOL make sure you have the funds to pay in full before sending the PFD because the creditor might answer with a lawsuit. If the SOL has expired then it doesn't matter.

If you do decide to PFD just send it regular mail.

Example letters - PFDs, GWs, DVs, etc.

Re: Trident ding on Credit - DV or PFD

Anonymous — Thu, 27 Oct 2011 18:32:47 GMT

Could you explain the statute and what from date would that be and why they could file lawsuit?

I have $139 no problem and can pay.

They hit my credit about 6 months ago.

Re: Trident ding on Credit - DV or PFD

MarineVietVet — Thu, 27 Oct 2011 20:41:13 GMT

@Anonymous wrote:
Thanks. Do you then have an example of a PFD to send should they validate? Do i send that certified then? Send a PFD regular mail. Here are some example letters.

Also is there a way to find the Trident mailing address and do I put the account number I saw on my report on the letter? You should be able to get the address from a full credit report. Reports from third party sites (including myFICO) often don't have the most complete information. And I would add the account number.

Lastly when i goto the USPS store do i just ask to ship CMRRR or are there a few forms they will attach to the letter? Just say you want to send CMRRR and they'll take care of the rest.

Re: Trident ding on Credit - DV or PFD

MarineVietVet — Thu, 27 Oct 2011 20:46:53 GMT

@Anonymous wrote:
Could you explain the statute and what from date would that be and why they could file lawsuit?

I have $139 no problem and can pay.

They hit my credit about 6 months ago.

The SOL is different for every state and sets a time limit for how long a creditor can sucessfully bring a lawsiut for unpaid debt. The SOL can be from 3-15 years depending on the state and type of debt. You can do a search for your state to confirm the SOL.

The SOL usually starts at the DoFD (Date of First Delinquency).

Why would they sue you? If you send a PFD they know you have at least some money to pay this debt so they might sue to try and get all the money owed. That's why if the SOL hasn't expired you need to be sure you have the funds to pay in full before sending a PFD. Just in case.