In the past four months I raised my score(Tu=700 ex= 680...
In the past four months I raised my score(Tu=700 ex= 680 eq684
=685 ) . I have raised my score primiraly by writting good will letters and having negative information removed from my report, that's the good news. The bad news is, I had an old AT&T account from 2001, which I owed 500 dollars. There had always been a company(UNIFUND) making inquiries on my credit report and writing me asking for payment for the AT&T account. I figured the account was old and that it didnt make much sense to pay it. Figuring the SOL was the way to go. Until I recieved a letter saying:
RE: Unifund ccr patrners
as assignee of at&t wireless
mjrf file no xxxxxxx
The above creditor has turned over to us for collection your account in the sum of $500
Unless you notify us within thirty days. We will asume the debt be valid. We will obtain a judgement etc, etc.
What is my best course of action? And will this effect my scores?
Re: In the past four months I raised my score(Tu=700 ex= 680...
A DV is a debt validation letter. Once you send the letter they have 30 to respond to you. There are some great examples on this site, you just have to look for them. I would not speak to them in person. In the DV ask them to contact you only via mail. I certainly would not send them payment without getting the advise of others on this site who are more knowledgable. If this debt is from 2001 and your SOL is 6 years in your state, this could become uncollectable in a few months (depending when the first date of deliquency is). Good luck and keep us posted.