@Fpstitan wrote:Hey guys,
So I've been trying to repair my credit for a while now, and all I have is a few collections on my report. I negotiated a pay for delete with 3 of them, got a 0$ balance letter and a letter stating they will delete their trade line from my credit within 60 days. Using these letters, I began disputing them and used the letters as proof so the deletion can be expedited. It worked for 2 of them, but for the last one the CB is stating that the CA did not agree for a PFD. Which is ceazy because I have a letter. What do I do? Can I sue them for a breach of contract? Did the CB even contact them to verify the PFD?
Has the 60 day period passed?
I had a similar story. Let the 60 days run it's course. Don't go poking the bear. Give it time. In my experience they had to let the $0 balance report for a month before deleting, so I'm assuming that's where the 60 days is coming from.
This is one of the reasons CA's won't send letters. They have contracts to report accurately to the CRA:s. CRA's see the letter and ignore it. Sit back and let it run its course.
@Fpstitan wrote:Hey guys,
So I've been trying to repair my credit for a while now, and all I have is a few collections on my report. I negotiated a pay for delete with 3 of them, got a 0$ balance letter and a letter stating they will delete their trade line from my credit within 60 days. Using these letters, I began disputing them and used the letters as proof so the deletion can be expedited. It worked for 2 of them, but for the last one the CB is stating that the CA did not agree for a PFD. Which is ceazy because I have a letter. What do I do? Can I sue them for a breach of contract? Did the CB even contact them to verify the PFD?
FCRA does allow for PFD (but it's a gray area of the law with the CRA). Nothing in the law says credit reporting agencies MUST report chargeoffs. They are only required to report and verify accurate information from the data furnisher. The data furnisher (assumption) is the CA and the CA is providing accurate and current information or correcting erroneous previously provided information.
Did you provide the letter from the CA in your dispute? And has it been 60 days since the PFD agreement? Also, is the OC still reporting a CO or is the CA (or both)? If you made your PFD agreement with the CA but the OC is also reporting the CO, the agreement excludes the OC however the OC should be reporting $0 anyway.
As a back up after 60 days have passed..... this is going to seem like it shouldn't work (mostly because of the reputation of CA's) but it sometimes gets it moving faster than a dispute. Assuming you have the letter from that CA, launch a Better Business Bureau complaint against that CA. If that busniess is accredited, they are required to repsond to the complaint or possibly lose accreditation. It worked for me (it's been a while) and the CA sent the updated info to the bureau and then I dropped the complaint. Along with that, you can send the CA a copy of the letter reminding them of your agreement cewrtified in the mail. Do not use the phone from this point. Get everything in writing.
