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Debt validation

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Anonymous
Not applicable

Debt validation

Is it a good idea to send dv letter to a collection agency that was recently paid? Goal is to get deleted from credit report!
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Message 1 of 8
7 REPLIES 7
RobertEG
Legendary Contributor

Re: Debt validation

No point.

 

First, a DV is sent when, as stated in FDCPA 809(b), the consumer notifies the debt collector that "the debt, or any portion thereof, is disputed."

Once a debt has been paid, there is no more debt.

 

Second, even if timely, the effect of a DV is to impose a cease collection bar on the debt collector, which remains in effect until such time as they choose to proivde validation.  Payiment of a debt terminates continued efforts to collect on a debt, thus making a cease collection bar redundant and meaningless.

 

Third, there is no period for or requiremnt to respond to a request for debt validation.

With their collection activites terminated by payment, they could care less about responding, and can simply chuck in the trash.

There is no such thing as deltion for lack of response to a DV request.

 

 

Message 2 of 8
Anonymous
Not applicable

Re: Debt validation

Ok I think I'll dispute and see if it drops off
Message 3 of 8
RobertEG
Legendary Contributor

Re: Debt validation

What is the inaccuracy in reportng that would be the basis for a dispute?

 

CRA policy is that a furnisher should not delete based on payment of the debt.

The CRA can dismiss a dispute that lacks a showing of some inaccuracy as being "frivolous or irrelevant" with no need for investigation.

 

The correct approach is to send the debt collector a request for their voluntary, good-will deletion.

Sending frivolous DVs or credit reporting disputes is apt to build ill rather than good will.

Message 4 of 8
Anonymous
Not applicable

Re: Debt validation

Do you have a sample good will delete letter?
Message 5 of 8
RobertEG
Legendary Contributor

Re: Debt validation

There is no set format or content.

Just request their good will deletion,and provide some rationale that might appeal to their gentler side.

Message 6 of 8
Anonymous
Not applicable

Re: Debt validation

Ok that'll work!
Message 7 of 8
gdale6
Moderator Emeritus
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