How do I go about responding to a debt validation response?

[Anonymous]

I wrote a debt validation letter to them and this is their response. Any suggestions on what I should write back with?Message Edited by dirkslyder on 04-18-2008 11:03 AM

Message Edited by dirkslyder on 04-18-2008 11:04 AM

[Anonymous]

The OC should still be reporting. Look for the drop date   reads  something like  will remain on CR until  month/year. The drop date is set by the OC....DOFD/DOLA

This will be on EX and TU.  If you can find it call the CRAs.   make sure that you keep hard copies of the OC reporting!!

What is your SOL?

http://www.bankrate.com/brm/news/cc/20040116b2.asp?caret=8

[Anonymous]

Looks to me like it's beyond the SOL. I'd tell them to FOAD.

[Anonymous]

TeeVeeDude.....how do you know that it is past SOL?  

[Anonymous]

Happy Days,

I didn't say I KNOW it is beyond SOL, I said it looks that way to me.

I say that because the letter he scanned seems to indicate that this is taking place in the state of Washington. (There is a note at the bottom that says the registered address of the CA with the state of Washington is...) The SOL for credit card debt in Washington is three years, according to the link previously posted in the thread.

So *IF* it is, indeed, SOL, I would tell the JDB to FOAD. (Too many TLA's!)

[Anonymous]

So many abbreviations, I had to open a new window for the common abbreviations.LOL.

From the looks of my TU credit report, it says that Estimated date that this item will be removed is 06/2010. Date of last activity was 1/2004

I'm in WA State, so my SOL is Sate of WA, so I believe its 3 years.

What's FOAD?...F*** Off And Die?

Should I tell them to stop reporting and it is beyond the SOL. OR am I missing something?

Message Edited by dirkslyder on 04-21-2008 02:40 PM

[Anonymous]

What you really need to know is the Date of First Delinquency, which appears to have been around June of 2003.

After three years, they can't collect. Well, actually, they can TRY to collect. But they can't make you pay. They can file a lawsuit, but all you have to do is show up in court and tell the judge that the action is barred by the Statute of Limitations and the suit will be thrown out.

The collection can stay on your report for 7 years, until June 2010.

One big warning: In most states, if you make any kind of a payment it resets the SOL. If you sent them any kind of payment in the last three years then they could still win a lawsuit.

Now, the question becomes "How badly do you want this off your credit report?" You can tell the collector to buzz off, and wait until 2010 for it to age off. Or you can offer to pay them but ONLY if they agree IN WRITING to delete the account from your credit report.

There is a third way, but it's dangerous. I don't recommend it, and this isn't the proper place to discuss it. Google "sue your creditor and win" if you really want to know.

[Anonymous]

Since they can try to collect. Can they still add on interest and update my credit report every month? They started updating my credit report again once it was transfered to them.

Message Edited by dirkslyder on 04-29-2008 10:23 AM