A few questions on the DV process

Mar 072011
 

I’ve read about trying to DV your CAs, and I understand why it’s a valuable tool, but I’m wondering about the appropriate timing. If I understand correctly, I only have 30 days from the time I’m initially contacted by the CA. At least that’s what their letters seem to indicate.

Can you still DV years down the line? If you can’t, can you DV the CA if/when it’s sold or transferred to another CA? Can you use DV as a defense/response if you’re being sued? Should you DV as soon as possible or wait until the SOL runs?

I don’t dispute that the accounts are mine, and I hope to settle, but I’m eager to find any tools I can use to avoid being sued.

Thanks for your time.

Older collections account and need help to determine what to do.

Feb 012011
 

My husband and I have several accounts that have been in collections for almost two years now. This month we are able to pay some of the debt back. We want to fix our credit report and score. The accounts are credit card accounts. We can only afford 6k and we have in order to pay in full 8k. All the accounts are charged off. Our scores are about 515. Should we settle are accounts and have them all settled or should we pay in full and just not pay two accounts and try and pay them this summer? What would be best since our score is already low. We really want to have it improved but are stuck and don’t know what to do. Please help, thank you.

second card? should I or shouldn’t I?

Jan 132011
 

I’ve been pre-qualified for a HSBC orchard bank card but I’m hesitant to accept the offer because I just recently recieved a Cap1 secured card (hasn’t even reported yet). Is it too soon to get another or should I go ahead and accept the offer? I plan on applying for a mortgage soon also but my loan officer said not to worry about the accounts being new because we would use alternatives to achieve the tradelines needed open for at least 12 months.

Where to begin…? HELP!

Dec 202010
 

Hello Everyone!

 

I need a little help.  I filed BK in 10/10 – now I would like to try to get some of the accounts deleted.  I want to PFD and GW them and see if the companies will cooperate.  

 

One question I have – if both the CA and the OC are reporting – who should I go to first to ask for the deletion/PFD?  If one agrees to delete  -what do I do with the other one?

 

Thanks!  

 

 

LVNV question Please respond

Nov 302010
 

Hi everyone

 

I need a question answered I think it has been asked before but if someone can give me a correct answer. I had a creditone credit card it was charged off in 2008 it says is was sold to LVNV whom I truly dislike. On my eq and tu it is in the accounts section of my credit report is this better for it to be there instead of the collection area.

 

My other question is this reports on equifax as an account that is 120+ days past due can they report it as such or is this something I can dispute. I have tried to PFD them so many times but I don’t think they will so I may just have to pay it because I trying to get my credit together to hopefully buy a house.

 

FP reporting charge-off/collection status

Nov 222010
 

Could an OC report this way? I had two credit card accounts with First Premier Bank that went into charge off status in May of 2007. Now on my Experian report, the accounts are marked as ”collection accounts” by First Premier but also showing charge off status and  with current lates. I have never seen a charge off report this way by an OC. This seems illegal. Am i right or wrong? Its no longer reporting the charge off status on Transunion or Equifax but showing as lates. The amounts are for $296 and $552. Should i PIF/settle to get remarks removed? Thank you. 

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