question on validation

Discussion in 'Credit Talk' started by pbone, Apr 24, 2004.

  1. pbone

    pbone Member

    Am brand new to this.Due to company BK & taking a job for less $ have gotten way late in pymts.Have read about sending proof of validation letters to CA but have not seen any answers on what to do if they provide valid info back to you.Can asking for DV a good way of buying some more time 30 days or more before you to try $ neg. a settlement if they are all coming at you at the same time ? how can you find out if they own your note or doing it for the OC ? is there an average of what % they usually settle for ?Some of the cards i have have changed names 3 or 4 times now,Could a CA still aquire your original application or paperwork ? Any help would be appreciated. Thanks,pbone
     
  2. lbrown59

    lbrown59 Well-Known Member

    <<
    1* Have read about sending proof of validation letters to CA but have not seen any answers on what to do if they provide valid info back to you.
    2*Can asking for DV a good way of buying some more time 30 days or more before you to try $ neg. a settlement if they are all coming at you at the same time ?
    3* how can you find out if they own your note or doing it for the OC ?
    4*is there an average of what % they usually settle for ?
    5*Some of the cards i have have changed names 3 or 4 times now,Could a CA still aquire your original application or paperwork ?
    Thanks,pbone
    ============== >>
    1*This seldom happens but if it does offer to settle around 25 to 40 cents on the dollar unless you catch them on violations but don't settle with out getting deletion in writing.
    2*You don't offer to settle before they validate.
    3*some times you can tell from your reports.If the oc sold the account it should show a Zerow balance for the OC.
    4*see #1
    5*yes.

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