topic Re: I will start with one acct at a a time! in Rebuilding Your Credit

I will start with one acct at a a time!

bubbles0605 — Fri, 05 Dec 2008 15:13:41 GMT

I am going to start with DH's cr's first, then will get into mine!

Ok first one:

Debt. recovery solutions

Bal: $487

date updated:6/2008

orig creditor: Verizon

Status:collection

date closed:9/2007

placed for collection:6/2007

est date for removal:5/2010

what would be the 1st step here? dv?(I know its ours) or just pfd?

Re: I will start with one acct at a a time!

Anonymous — Fri, 05 Dec 2008 15:19:39 GMT

If you can PIF or it is beyond SOL, I would DV first.

DV'ing is more about than just knowing that it is your account. It is about "do they have the right to collect" "is the amount calculated correctly", etc.

Re: I will start with one acct at a a time!

bubbles0605 — Fri, 05 Dec 2008 15:25:38 GMT

Sidewinder,

Going by the est date of removal, i assume the DOFD was 5/2003, correct?

In Massachusetts I believe the sol is 6yrs. ok, so that would make it our of sol 5/2009.

I would rather do a pfd than pif, should I still dv first?

Re: I will start with one acct at a a time!

Anonymous — Fri, 05 Dec 2008 16:06:57 GMT

SOL on telephone debt is 2 years.

You can PFD and PIF, PIF just means Pay in Full. I ask if you can PIF because you don't want to mess with an account that is not beyond SOL if you can not PIF, and run the risk of a judgment.

But I would always DV first.