What do y'all think...TU letter regarding MOV

[Anonymous]

I think (I'm reading soooo much, I may be confused) that FTC in-house lawyers say they can report during the 30 days but can't report after the 30 if they fail to validate - they can get it 'on' the CRAs and it will then be verified every time you dispute (CRAs use a service to verify - they don't call the CA or OC in most instances) and they don't have to report once after that - it's already on your credit.  unless you send the second letter for removal  - if they don't remove it it is a $1000 fine plus punitive damages; if they then report w/o validation it's another $1K for each offense.  However with each dispute you MOV and if they haven't contacted the CA or OC then the CRA is also liable for the $1K fine (separate from the one on the CA)

File complaints with the TX AG and also the FTC

[Anonymous]

I'm getting everything together now to file a complaint with the AG's office and FTC.

Last I read up there was no set time frame for validation ~ they can take as long as they want.  Maybe one of the gurus on here can say more for sure.  From what I have read and from what I have been told once they receive a validation request they can not verify with the CRAs because it is considered a collection attempt therefore when the CRA contacts them, by whatever means, they must delete the account until it can be validated...

Noah, Tuscani, Brammy...anyone out there that can say for sure?

[Anonymous]

I think the 1-2 punch as it is referred too ONLY holds true/any weight in the ORIGINAL 30 days after notification.

CA's should (not required) wait the first 30 days before reporting.

[Anonymous]

A DV goes to a CA      send a MOV to CRAs

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=6237

[Anonymous]

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kims wrote:

I'm getting everything together now to file a complaint with the AG's office and FTC.

Last I read up there was no set time frame for validation ~ they can take as long as they want.  Maybe one of the gurus on here can say more for sure.  From what I have read and from what I have been told once they receive a validation request they can not verify with the CRAs because it is considered a collection attempt therefore when the CRA contacts them, by whatever means, they must delete the account until it can be validated...

Noah, Tuscani, Brammy...anyone out there that can say for sure?

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A CA must validate within 30 days......if they do not...they are in violation if they report or continue any type of collections