topic Re: Is it worth doing debt validation? in Rebuilding Your Credit

Is it worth doing debt validation?

Anonymous — Thu, 26 Jun 2014 12:27:11 GMT

If I have old dents is it worth the time?? I just want it paid and done and get going on rebuilding. Could someone she some light?

Re: Is it worth doing debt validation?

Shellie — Thu, 26 Jun 2014 12:36:06 GMT

You can pay them all day. They won't go away. Just paying them doesn't cause them to get deleted. Some times you get lucky and that CA will delete for paying but most times you have to work at it. If you DV now and get rid of some, you won't have to deal with those later.

Re: Is it worth doing debt validation?

Anonymous — Thu, 26 Jun 2014 12:52:04 GMT

Ok I was really confused bc I read an article this morning saying CA aren't really supposed to be doing the PFD. So start with DV? Do you know how long it usually takes to get responses? Thanks for your response!

Re: Is it worth doing debt validation?

Shellie — Thu, 26 Jun 2014 13:07:04 GMT

You will get varying information on different sites. I, personally, trust this site for my credit repairing. If they are new, as in you just received the first dunning notice, you have 30 days to send the debt validation letter and they have 30 days to respond. If these are old debts they actually aren't required to respond but if they can't validate they have to delete. DV isn't a sure fire way to get rid of them. It's just one weapon in your arsenal. When you get ready to pay them try the PFD route first. You can make an offer for less, especially if they are old. If they won't work with you you can always send goodwill letters after you pay. Check your states statute of limitations! Make sure they are past the SOL so there won't be repercussions. One of the others will chime in and correct me if I'm wrong. You also have the option to contact the Original Creditor and ask them to recall the debt. If they choose to recall the debt it gets removed from your credits and you pay the OC directly.

Re: Is it worth doing debt validation?

Anonymous — Thu, 26 Jun 2014 13:15:38 GMT

Do you know if there is success with asking to recall??? For example I have a Sprint bill from 2008 for $78. I would love to have it recalled and just pay them.

Re: Is it worth doing debt validation?

Shellie — Thu, 26 Jun 2014 14:50:54 GMT

You always have the option to pay the OC if they still own the debt. This is not the same as having it recalled tho. I personally do not have any experience with Sprint but if you just search "sprint" in the search bar I'm sure you will find plenty of thread about them and get a good idea of how they are to work with. I have had success with only one OC recalling an account. It's always worth trying. You may have more leverage if you are able to pay in full now.

Re: Is it worth doing debt validation?

fishbjc — Thu, 26 Jun 2014 15:06:25 GMT

No, if a CA doesn't respond to a DV, it doesn't require a delete from info reported to the Credit Bureaus.

Re: Is it worth doing debt validation?

Shellie — Thu, 26 Jun 2014 15:09:24 GMT

See! I knew someone would correct me if I was wrong. Thanks! I understood it that if they couldn't validate they had to delete. But maybe that only applies in that 30 day window? Or not at all?

Re: Is it worth doing debt validation?

fishbjc — Thu, 26 Jun 2014 15:10:30 GMT

You can check the statue of limitations in your state. You cannot be sued, but you can still be bugged by zombie agencies. I'd just pay the $78 if they won't PFD and beg hard for a deletion. And keep begging. I doubt that Sprint will recall a debt from 2008 for $78.

I have had MANY things deleted by calling and begging!!!!!

Re: Is it worth doing debt validation?

Shellie — Thu, 26 Jun 2014 15:12:46 GMT

I wish I could say I'd had the same luck. But plenty on here have had good luck with the GW process.

Re: Is it worth doing debt validation?

fishbjc — Thu, 26 Jun 2014 15:16:15 GMT

I think that they are supposed to stop collection actions until validation, but this doesn't change what's on the credit report.

I had a funny thing happen. I had a CA sell to another CA. The 2nd CA called and I immediately paid so they wouldn't report, which they didn't. I called the first CA and said, hey since you aren't collecting and sold it, will you delete. They agreed and it was gone.

Sometimes calling and being human can work wonders. I have a family member who just knows how to 'work people' A collection showed up on his report and it just wouldn't go away after it was paid. He ended up getting the email addy of the girl working on his account. He began to email her, asking her for dates. She finally got tired of the emails and deleted. He's lucky he wasn't hit with a harassment suit, but he got the job done!

Re: Is it worth doing debt validation?

Shellie — Thu, 26 Jun 2014 15:16:42 GMT

I tried my best with the paid medicals I had but I could get no where. Letters, phone calls etc...

Re: Is it worth doing debt validation?

Anonymous — Thu, 26 Jun 2014 15:18:19 GMT

Ok so should I do DV first or just go straight for PFD? I appreciate the help!

Re: Is it worth doing debt validation?

Anonymous — Thu, 26 Jun 2014 15:28:50 GMT

Also, there is not a law that says that an OC or collection agency MUST report a collection or debt. Only, that what is reported be done so accurately. So a PFD is completely legitimate and is at the discretion of company. There are a lot of misinformed people out there including employees of CAs and OCs that will tell you "we can't do that," but that is untrue . . . from a legal standpoint. Either they WON'T because they don't want to or it isn't their policy, or they simply think they are required to report. What article did you read?