Reporting every two weeks

[thotgal320]

So I been going over my CR and noticed that there is a CA reporting every two weeks since May.  I never noticed this before until TC showed an alert on 10-10.  So I checked my other alerts and noticed is was the same CA (The Bureaus).  The are trying to collect on a debt I owe First Premier.  I plan on sending a DV letter CMRRR but can they do this, report as often as they want?  I thought they could only report one a month am I wrong?  They have reported this to all CRA but EX is the only one that updates so often.  Is a standard DV letter k to send?

[llecs]

It isn't Arrow, is it?

[Anonymous]

The can update daily if they want too. 

[Anonymous]

Yes they can and they are known to do so when it is close to SOL or CRTP. They know that it will get your attention!

Is it already past SOL?

[Anonymous]

You can dispute the account or the debt and the CA can keep reporting until they receive your dispute letter. Then and until 30 days from receipt of your letter OR until they send you validation of the debt, they should stop reporting - however, the FTC is coy about this, and they recommend CAs are allowed to keep pursuing within this 30dd window.

In any case, if 30 days from receipt of your dispute are passed, and they have not validated, they must stop ALL collection efforts, including reporting.

[Anonymous]

Don't dispute. Do the DV, unless it's medical (then follow HIPAA process).

Good luck!

[thotgal320]

It's not Arrow it shows up on my CR as The Bureas.  I never heard of them and it's not medical either it's for first premier. That reporting would make since because it is getting closer to SOL (6 yrs. in Ct.) then it is to falling of.  It's scheduled to fall off in 2010 maybe 6 months for SOL.  Thanks for all your help and replies.

[llecs]

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@thotgal320 wrote:
It's not Arrow it shows up on my CR as The Bureas.  I never heard of them and it's not medical either it's for first premier. That reporting would make since because it is getting closer to SOL (6 yrs. in Ct.) then it is to falling of.  It's scheduled to fall off in 2010 maybe 6 months for SOL.  Thanks for all your help and replies.

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Darn...thought it was Arrow.

I had Arrow collect for my First Premier. Every 2 weeks, like clockwork, they hit the CR and updated. But with each update, they changed the "Worst Delinquency" located in the myFICO reports from "CO/collections" to "Late 120 days" and then back again. With each change, as they reported, my score jumped up and down 20-25 points. All other info was the same. I didn't do anything as it was at CRTP and lasted only 3-4 months.

[Anonymous]

Shnapple,

a DV, for all intents and purposes, IS a dispute with the CA.

[Anonymous]

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@Anonymous wrote:

Shnapple,

a DV, for all intents and purposes, IS a dispute with the CA.

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True, but I wouldn't want anyone getting confused over disputing with a CA vs a CRA.

Edit to disagree (after thinking about it for a minute): A DV is not a dispute. In fact, in my DV letters I say "I am not disputing this information" so that they don't report it as a dispute to the CRAs. A DV is just a request for information.

Message Edited by Shnapple on 10-13-2008 06:39 PM