Always validate debt?

I've gotten two more letters from Resurgent Capital. The first says that "Resurgent Capital Services, L.P. ("Resurgent"), one of its servicing agencies, or one of the three major consumer reporting agencies has received an inquiry on this account. Resurgent manages this account for the current creditor indicated above and is currently investigating your claim."

I never filed a claim.

Next letter states "Information you provided regarding this account has been forwarded to the customer service for research. However, we have bee unable to contact you to discuss this account.

If we are unable to establish contact with you within 21 days from the date of this letter, active collection efforts will resume on your account. If your account is currently being reported to the three major consumer reporting agencies, a request will be submitted to update your tradeline to indicate "account information disputed by consumer" during the next reporting cycle."

I never replied to any of the letters they sent me. What information are they talking about? Is this a ploy to get me to call them? What should my next move be?

Also, I haven't received letters back from 4 of the 5 creditors I sent pay-for-deletes to. (I offered full amount) This was over a month ago. Should I send a new letter, wait for a response, or is it time to give them a call?

 

Talked to a collection agency on the phone today. I had a question about a letter they sent me in regards to a PFD I had sent them. Basically they said they couldn't delete the remark...they could only update it as paid in full. It would then be my responsibility to dispute the remark and get it removed from my report. Is this true? I wouldn't think I would have grounds for removal based solely on the fact I had paid them.

 

Could've sworn she said "Paid in Full."

And thats what I thought.

So the reason I called in the first place was to get clarification on a letter they sent me which reads:

"yayaya, here is the validation of debt you requested.

In addition, please be advised that we have contacted the credit bureaus with which we do business, with our request to delete our listing of the above referenced accounts from your credit profile for the social security number we have listed in our records. Please be advised NCO Financial Systems, INC. cannot effect a change to how any other company may have listed the above accounts on your credit profile."

This letter was in response to my PFD, where I offered the full amount due. I was confused because there wasn't anything mentioned in the letter about my offer and I hadn't paid them any money, yet they were stating the above about contacting the credit bureaus to remove their remarks. When I spoke to the lady on the phone, she basically said they could only update it as "paid in full", which was contradictory to what the letter said. I should've spoken to someone else for further clarification. Anyway, I'm tempted to just pay the money but I really want a letter that spells out more clearly that once payment is received, their remarks will be removed. I just don't trust this letter. Should I sent another PFD?

 

Hey Joshua, I sent a reply to that letter shortly after I got it. It was essentially just the same PFD I had sent them in the first place. Like you said, it sounded like they were willing to delete but I wanted the terms more clear before I sent in the money.

A few days ago I got a settlement offer from Northland Group (apparently they affiliation with LNVN Funding) The offer they sent me was for just over a quarter of what I owe, which is fantastic. However, there is some wording in the letter that scares me, which reads: "Because of interest that may vary from day to day, the amount due on the day you pay may be greater. Hence, if you pay the amount shown above, an adjustment may be necessary after we receive your check in which event we will inform you before depositing the check for collection."

That wording seems to leave a lot to interpretation as to what the final amount would end up being.

Also, there is no mention of how my account will be closed. Obviously I'm aiming for full deletion, but there isn't anything mentioned at all. Should I send a PFD in response for the amount they offered?

Thanks for the input.

 

Ya I agree. I'm going to send out a POD for the amount they offered.

No, the first correspondence I received about this debt was from Resurgent Capital Services. Any reason to worry or is this just run of the mill?


Regarding a separate account, correspondence went like this:

Me: Send POD for 1/4 of original amount.
Them: Send offer of little less than 1/3 of original amount, they will list account as "settled."
Me: Send POD at that 1/3 amount.
Them: Send offer for 1/2 of original amount, they will list account as "settled in full". (Last letter received about a month ago)

So I'm wondering if my next letter should be a POD at that 1/2 amount, which seems like a reasonable meeting point based on the negotiation so far. Any thoughts?

 

Will do.

Because they started there last settlement letter with:

Dear soandso

LVNV Funding, LLC, the current creditor of your account, has assigned the above referenced account to Northland Group, Inc for collection.

 

Barely missed the 30 day mark for a DV letter. Gonna proceed with a PFD tomorow. Same goes with a separate account.

Some bad news: I got a letter back from NCO Financial regarding a PFD for full amount I had sent them a while back. There are other posts regarding this futher up but basically it was unclear whether or not they were going to remove all remarks from my report. There latest letter states: "Thank you for your letter regarding the above referenced account. We are unable to accept your letter for the above account due to the terms and conditions contained in your undated letter. We are unable to accept payment in exchange for the deletion of a credit bureau entry. If you have any further questions, blah blah blah."

I already spoke with them once on the phone before. Not sure if this means I'll have to accept paid in full or what. Thoughts?

 

I think I'm going to send a letter offering around $500 (full amount is around $650) for a "Paid in Full." When I talked to them previously on the phone I seem to recall them offering something along those lines.

I received another letter from Northland Group, which says "Settle your account in 3 or 6 payments!"

Basically it says I can settle for 326.40 in 3 payments or 386.88 in 6 payments. Theres no mention of a deletion but it does say: " Upon receipt and clearance of all 3 (or 6) payments of $108.80 (or 64.48) this account will be considered satisfied and closed, and a settlement letter will be issued.

Satisfied and closed don't sound like terms I want, much less ones that actually would make their way to my credit profile. Is it time to give them a call to clarify things?

Also, I still have not heard back regarding another account in which I had sent a PFD for about 1/4 of the amount. It's been well over two months. I feel rushed with this one because it's with Verizon Wireless and I've been wanting to open a new account with them. This won't be possible till I clear up my past delinquent account. Should I send another PFD for a higher amount or maybe even give them a call?

Also, my credit score when I first started this was around 520. Since then, I've cleared one account of 12, and made payments on a secured credit for about four months. Although I'm sure this has helped, I doubt it has made much impact. My goal is to buy a home at the end of next year. What steps, aside from settling my current debt, can I take to make this goal achievable? Thanks for the input.