Whats a DV?? Debt Validation??? Can't find it on here.

DV
====== Debt Validation

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They never take it off the report when we make it right so why should we take it off the docket when they do?

good morning everyone, newbie question:
in my research of this site, I find lots of people talking about "charge off."

can this be defined? is it any different than paying off a debt? for example, I have several paid-off accounts that appear on my credit report.
I'm trying to make sure I obey all of the rules of the forum and post on-topic, since this is the glossary thread...

Jim (Antelope)

Charge off is an accounting term.
They are bad news for your credit score and credit rating.
Paying off a debt has nothing to do with charge offs.

__________________
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Special for newbies ------ Read these links
http://consumers.creditnet.com/strai...243#post410243
*** Victims of Credit Reporting ***
http://members.aol.com/victcrdrpt/Score.html

They never take it off the report when we make it right so why should we take it off the docket when they do?

thanks lbrown59.
i did some digging and found a basic definition on what a "charge off" is, basically, mostly for more newbies like me.

from 'Charge offs' hurt credit rating,' Chicago Sun Times, October 7, 2002
BY TERRY SAVAGE

A "charge-off" occurs when a merchant declares your account "uncollectable" and hands it over to a collection agency, which tries to get you to pay at least a portion of the balance due. The collection agency pays the merchant for the accounts, and tries to get you to pay them more than they paid for your uncollected balance. But when you pay the collection agency, they don't report it back to the credit bureau as a partly-paid account. It just shows up as a "charge-off" -- or total loss to the merchant -- which naturally looks terrible on your credit report.

RTFM

Read the F***ing Manual.

Good post, man.

CMRRR? What is this?

what is FOAD letter?

a FOAD letter is a job rejection letter. i *think* i know what the acronym means, but the 'f' is not a very friendly word. the rest is "off and die". you put it together!

certified mail return receipt request

JDB: Junk Debt Buyer
TL: Abbreviation for Trade Line
OP: Original Poster

I've read this entire string and can't find "PFD". If I missed it, sorry, but can someone decipher it, please?

Pay For Deletion... it is when you tell the CA you will pay in full or a % in exchange for them deleting the item from your credit report. Make sure you have this agreement in writing before you actually send payment. There is an example of a PFD letter in the sample letters forum. http://consumers.creditnet.com/Discu...ter-65289.html

I'm a newbe. What are the references to the guys above about (Mr. Cooke and Miller) of Cap 1? Are they really good guys - like the one you would want to talk to if you called Cap 1, or is this some sort of joke?

I'm a newbe. What are the references to the guys above about (Mr. Cooke and Miller) of Cap 1? Are they really good guys - like the one you would want to talk to if you called Cap 1, or is this some sort of joke?

What is:

re-aging
factoring accounts

I think these are tactics used by CA's - are they legal?

bump up ..

Why? It's a sticky.

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The Answer is 42!!

I think this should be added to the post> *crs* Can't remember s**t when a er collect ask you questions.

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jjgross* The answer my friend is written on the wind