/ Register

Dealing with CA : RMA

Discussion in 'Credit Talk' started by Alex_I, Mar 4, 2002.

  1. Mar 4, 2002 #1
    Alex_I

    Alex_I Well-Known Member

    I have a single problem on my file which is a Collection account from Southwestern Bell dating to 3/1999. The collection is handled by Risk Management Alernates. It is reported only on my Experian file. It is unpaid. The charges are about $700.

    I am planning to get a mortgage around summer time. Based on what I see here, having an unpaid collection is bad when applying for a loan.

    I have never been contacted by the CA. So, what would be the best way to get it off my file? Should I start by just disputing it from the file? or should I start by sending a letter to the CA offering to settle for deletion?

    Is it possible that if I dispute it from the file, the CA may turn around and get a judgement to keep it listed past the SOL. The account dates to 3/99, was reported and last updated in the file in 6/2000. I am in Texas and the SOL here is 4 years.

    Thanks a lot
     
  3. Mar 4, 2002 #2
    uniondiva

    uniondiva Well-Known Member

    i would dispute it with the cra's first.
    if it is verified, i would try for validation... i doutb they will come after you for judgment for $700.00. if the are unable to validate, estopple and then letter to cra's for deletion. if it gets close to your deadline, i would try payment for deletion.

    DO NOT EVER MENTION YOU ARE BUYING A HOUSE
    GET PAYMENT FOR DELETION IN WRITING

    sorry to shout, but you will have no room for negotiation if they know you are buying a house. it doesn't help you if you pay it without getting it in writing. preferably with a copy of the UDF.
     
  4. Mar 4, 2002 #3
    whatever

    whatever Well-Known Member

    Also type RMA in the search field. You should see many posts pertaining to this company.
     
  5. Mar 4, 2002 #4
    Alex_I

    Alex_I Well-Known Member

    Thanks for the replies. The only thing that makes me reluctant to dispute the account right now is what I see from some of the posts here regarding RMA putting an inquiry every month or so.. In my case, they never pulled my file. I have never heard from them either.. So my thinking is that by diputing the inquiry I may get them to start looking at my file frequently

    My score with that CA tradeline is 690.. I don't know what my chance are for getting a loan without doing anything to the unpaid collection.
     
  6. Mar 5, 2002 #5
    Alex_I

    Alex_I Well-Known Member

    Bump ;-)

    I feel more oriented to try to contact the CA and offer them to pay for deletion. With such a request, how much would it be reasonable to settle for? The listed debt is $700, would an offer for 50% condiional on deleting the tradeline be reasonable?

    As I said before, I have not disputed the account with Experian since I didn't want to trigger a dormant debt. The account dates back to 3/99 and was reported and last updated on 6/2000. The CA has never contacted me or pulled my file.

    Thanks
     

Share This Page