Procedure for dealing with an OC

Anonymous · ‎10-01-2007

Verizon, of course. They are the ones reporting it.

What I have learned so far

(1) Must dispute with CRAs before asking them for records.

(2) the letter is different for an OC but the 30 days is the same.

Not sure of the next step though... help, please

Message Edited by Lady_Scarlet on 10-01-2007 04:11 PM

Anonymous · ‎10-01-2007

Lady_Scarlet wrote:
Verizon, of course. They are the ones reporting it.

What I have learned so far

(1) Must dispute with CRAs before asking them for records.

(2) the letter is different for an OC but the 30 days is the same.

Not sure of the next step though... help, please

Message Edited by Lady_Scarlet on 10-01-2007 04:11 PM

You can ask for records from an OC (verizon) at any time....with or without a dispute.It is just better to dispute it first to see if it drops.

Yes you send them a letter for OC in which you are asking for records. The difference between this letter and a DV (to a CA).

Dv letter you are demanding proof that they own,or are authorized to collect!

after the OC sends you the info.that you requested. If the account is yours....you would either PIF with a PFD or settle for less....that is up to you. BUT know your SOL!

Message Edited by HappyDays on 10-01-2007 02:18 PM

Anonymous · ‎10-01-2007

As an FYI:

"However, if you have disputed the information with the credit bureaus FIRST, they are supposed to have talked to the original creditor, even though EDITED! the original creditor is supposed to have at that time conducted an investigation, under FCRA § 623 (b), under which you, as a private citizen CAN sue them. When you go to the original creditor under FCRA § 623 (a)(8), you are just merely asking for the O.C.'s proof that they must have (hear the sarcasm in my voice here) provided to the credit bureaus during the O.C.'s thorough (there's that sarcasm again) investigation. If they have no proof of negative information, but the credit bureau says that the results of the investigation show the negative information is accurate, then you have the O.C. on an actionable, sueable (by you) offense."

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Fused

Message Edited by fused on 10-01-2007 02:26 PM