topic Re: DV question in Rebuilding Your Credit

DV question

Anonymous — Tue, 27 May 2008 14:59:47 GMT

Should a DV letter be sent to a CA that isn't appearing as reported on CR's or should it be ignored and work with the OC?

Re: DV question

llecs — Tue, 27 May 2008 15:04:12 GMT

I send DVs to every CA that sends those letters, inside or outside SOL, especially for dunning letters. Of course, if not a dunning letter, I always make sure I have the money in my hands before sending a DV.

Re: DV question

Anonymous — Tue, 27 May 2008 15:39:21 GMT

Thanks for the response llcs,

Excuse my ignorance but any collection that comes in the mail to me looks dunning so how do you know if they are not a "dunning letter"? My aunts hubby just received a Priority-Gram from PMAB LLC out of Charlotte NC, anyone heard of this CA? So even if they plan to try and work these collections out with the OC still send DV to any letters?

Re: DV question

llecs — Tue, 27 May 2008 16:50:45 GMT

I see a distinction with the language of the letter. Some will use the word "initial". All of them include a phrase "you have 30 days from this communication" or something like that. IMO, you could always play dumb if you get that letter and you think it is your first letter. Also, chances are the CA won't report until a month or so after you get that first letter.

I'd send the DV even if you are working out a written deal with the OC. The CA could decide to report anyway and a DV will also stall any action on their part, reporting included.

Haven't heard of PMAB, but a google search turned up a seemingly passive CA.

Re: DV question

Anonymous — Wed, 28 May 2008 14:51:22 GMT

Thanks so much llecs again I apologize for my ignorance. LOL