How to send a DV letter?

[Anonymous]

Hi guys I am a rookie and I am learing a whole lot from myfico. I want to sent a dv letter to dispute a couple of negatives on my CR. Can I send them to all 3 CRA's at same time

or do I send one at a time?

Also how do I adress the negative accounts because, it only shows part of the account number when I looked it up on score watch?

Thanks for any help

[llecs]

DV letters are allowed by the FDCPA and they only go to CAs, not CRAs. By law you have 30 days to mail in a DV letter to the CA after receiving their dunning letter. They have an unlimited time to respond but if the DV was sent within those 30 days, they must cease collection activity until they can verify. If you mail the DV after 30 days, then they don't have to stop collection activity, but they usually will respond anyway.

[RobertEG]

+1

If you wish to dispute the accuracy of any item of reported information, that is done by way of a dispute under the FCRA.

The FCRA provides two alternate dispute processes.  You have the choice of which to use.

One is to send your dispute to the CRA, and have them forward it to the furnisher of the disputed information.  The furnisher must then respond back to the CRA, and the CRA then makes the final decision.

The other is to simply send your dispute directly to the furnsher of the disputed information.  They must then investigate and response directly back to you.

For numerous reasons, I would recommend using the direct dispute process.

Here is a template that provides the basic information to inlude in a direct dispute:

“This is a Notice of Direct Dispute with you, under the provisions of FCRA §623(a)(8)(D), of the accuracy of information you have reported to my credit file.

       ►       (If sent to a debt collector, (CA), it might  be beneficial to also include the blurb:

       ►  “This is a direct dispute of credit reporting. This is not a request for debt
              validation/verification  under FDCPA §809(b).”.
                  (don’t let them just simply sluff it off as a meaningless  DV letter)

“In compliance with FCRA §623(a)(8)(D), and enacting regulations published at  16 CFR § 660.4, this Notice of Direct dispute includes:

 “Identification of the specific information being disputed:
           (specify the account number, and the specific information that is disputed under

             that identifying account)

“Basis for the dispute:

            (how the reporting was inaccurate;    was any reporting in violation of any statutory or

             regulatory provisions?  account or express agreements?  CRA reporting gudelines? Account not

              yours? etc.)

“Supporting documentation:

            (all documents that support your dispute; make sure to include,

             as part of your documentation, at least a copy of the portion only of your

             recent credit report showing their reporting of the disputed information was

              actually reported to your credit flle.  The implementing rule suggests a  showing

               that it appeared in your credit report)

[Anonymous]

Hello. I read this post to figure out what type of letter to send a CA to validate debt. They haven't contacted me at all, but I have negative info showing up on my CR saying that the account status is "closed," the past due amount is "$241," and the payment status is "seriously past due date."  I sent them a PFD letter (for the full amount) back in February, but I never heard anything back from them. A this point, I am not sure what type of letter I should send them, but I want this info off of my CR as quickly as possible. Would I use a DV letter or the letter RobertEG is recommending? Any help would be greatly appreciated.

[Anonymous]

The first to consider is if it is your debt.  Is it?

If it is you can bypass the DV and go to a PFD.  Since you didn't get a response, call them.

[RobertEG]

What is "closed," the OC account or the collection?

If the collection is closed, that is the reporting by the debt collector that they have ceased collection on the debt.  If that is the case, then they most likely wont respond to a DV, as any cease collection bar has become kinda irrelevant to them.  They have ceased collection on their own.

I agree that determining who now owns the debt and is thus able to accept any payment offer is a critical next step.

[Anonymous]

Thank you Guiness56 and RobertEG for responding.

I believe they are a CA for an old Verizon bill I mismanaged. The Verizon information no longer shows up on my CR, but the CA information (Pinnacle Credit Service) does. The account status is marked as "closed" for two of the bureaus and "open" for the other. I can send you that portion of my CR if what I'm saying is unclear.

I haven't tried calling because I'm not sure how to offer a PFD over the phone and how to make sure they follow through on one if they accept it.

[Anonymous]

You can PM me the information if you would like.

[Anonymous]

I finally got in touch with someone at Pinnacle over the phone today. They said that my account is now being handled by a company named Convergent Outsourcing. To my knowledge, this company hasn't tried contacting me at all and they have not listed anything on my CR. If my goal is to get the negative information from Pinnacle off of my CR, what should I do next?

[09Lexie]

@onslaught

You would need to contact Convergent Outsourcing