Dynamic Recovery Solutions and odd DOFD

[vertekal]

So I have a new collection on EQ Dynamic Recovery Solutions, and the OC is Checksmart. It was reported 7/2015 with a DOFD of 10/2014.  

Roughly 7 to 10 years ago, I was stuck in the payday advance loop and routinely got advances from Checksmart. So I was a customer at one point. I got my last advance probably over 7 years ago, and can't recall if I ever paid it back or not. There's a good chance that I didn't, since at the time I was going thru a foreclosure and moved across the country.  

My question is .. how can they have a DOFD of 10/2014 when I would have defaulted no later than 2008? I started a dispute on EQ's website immediately after learning of this .. should I do anything else?

[Anonymous]

Instead of disputing I would have sent them a Debt Validation letter if you live in Texas. If you don't live in Texas, and you were still within the time allowed to do so, I would have still sent a DV letter. Also, check the SOL in your state for debts. I wouldn't have disputed first because your score will tank if it comes back verified. I've made that mistake before I learned how this works. My guess is they don't have the proper documentation to verify the debt. I get zombie collections for super old debts all the time. I just ignore them (they aren't on my credit though). 

[vertekal]

I can't see how this can come back as verified with a DOFD that's off by at least 7 years...

[Anonymous]

They do it all the time. They don't really have to prove it to the CRA. I think that's how they are able to do that. They do have to prove it if you send a debt validation letter.

[vertekal]

So if it comes back as verified and my FICO takes a hit, can I still DV which should result in it being removed from my CR? 

[Anonymous]

I know in Texas you can send a DV letter whenever. In other states I believe the laws are different. I think there is a specific time frame you have to send a dv. Did you receive a dunning notice from this collection agency? You can also file a BBB complaint. I did that to get a collection removed. I never received a phone call nor dunning notice. It just appeared on my report and I wasn't even positive the debt was owed. The company responded that they would remove it and they did. I'd start with a DV if you are still able to do so in your state. I'm hoping other seasoned members chime in.

[vertekal]

I'm in FL.

I've never received anything from this collector, and AFAIK this debt is beyond the SOL for suing and the DOFD should be at least 7 years ago (not last year as they have listed on my CR).

[Anonymous]

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@vertekal wrote:

I'm in FL.

I've never received anything from this collector, and AFAIK this debt is beyond the SOL for suing and the DOFD should be at least 7 years ago (not last year as they have listed on my CR).

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Are you certain you are seeing a DoFD and not the "opened" date?

[Anonymous]

I'd say you have a good chance of getting this removed. Re-aging a debt is a serious violation. If the dispute doesn't work. DV them.

[vertekal]

When I look at EQ's online dispute tool, I see the following:

Agency Address:	135 Interstate Blvd Unit 6 Greenville, SC  29615-5720 (877) 821-1659
Date Reported:	07/2015
Date Assigned:	07/2015
Creditor Classification:	Financial
Creditor Name:	CHECKSMART
Account Number:	3935XXXX
Account Owner:	Individual Account.
Original Amount Owned:	$481
Date of 1 st Delinquency:	10/2014
Balance Date:	07/2015
Balance Owned:	$481
Last Payment Date:
Status Date:	07/2015
Status:	D - Unpaid
Comments:	N/A