This may be a little long, but I will do my best to shorten it: I sent a validation letter to (CA)Magnus Services for an MBNA account that was charged off. It has been sold to Asset Acceptance. Here's a snapshot of the letter I rcvd yesterday: Direct Merc Bk AZ Oct. 13,03 Dear tcmcnair, We recently rvcd your notice of dispute as to the accuracy of information being reported to CRAs. In the course of our investigation we have been unable to locate the account that you are disputing. We have been unsuccessful in our efforts to contact you by phone regarding this dispute. We want to be sure that all of our information is indeed reporting correctly to the CRAs. Please call us at 1-800-xxx-xxxx and provide us with the specific information that will help us address your situation. If you wish, you may contact the CRAs directly to initiate a Consumer Dispute Verification. Since the agency will provide us with a copy of our trade which is reporting to them, this enables us to more fully examine your dispute and address all of your concerns. Sincerely, Credit Ops Direct Mercs CC Bk OK, they have not tried to contact me by phone, as my # is unlisted and not listed on my CR. Don't know where they got that one. I have already completed an online dispute with all 3 CRAs on this account. It appears on my CR 3x each (1 is the most recent CA, 1 is the last CA, and the other is the OC). I also sent a verification (validation) letter to the OC. What do I do now?
That's probably why they have been unsucessful in their attempts to contact you by phone - they couldn't find a number [QUTOE]I have already completed an online dispute with all 3 CRAs on this account. It appears on my CR 3x each (1 is the most recent CA, 1 is the last CA, and the other is the OC). I also sent a verification (validation) letter to the OC. What do I do now? [/QUOTE] This depends... is this really your account? If so, then you want to tread carefully since they are unable to find any info on you right now. If it's not really your account, then you should be able to provide them with anything they wish and they shouldn't be able to verify the account. If you've already started the dispute with the CRA's and it hasn't completed yet, then I think your first step is just to wait for that to finish. You might get lucky and it will just go away. If they've already verified with the CRA's or they do when your dispute is finished then you'll need to get in touch with them. What information did you provide them in your first letter? I would say that your name, address, and the account number that's listed on your credit report would be enough for them to determine whether the account belongs to you or not. If you already provided them that information, then I'd write them back restating it and telling them that you won't be providing any more information. If you didn't give them that, then I'd write back (or maybe call) and give them the account number, your name, and your address. HTH, Brett
Brett, thanks for the response The debt is mine (unpaid collection) that has been sold 2x. The OC is MBNA, who sold the account to Magnus and then Magnus sold the account to Asset Accpt. The letters were sent to the OC and Magnus. This account is past the SOL in Ohio (1999) which is 4yrs. I get a letter from them (AAC) every 3 or 4 months. They have offered settlements but none that I think are resonable for a debt this old. I did provide them with my name, address and the account number as it appeared on my CR. Is there a letter that you would recommend that I send to them?
Save all those settlement letters... Depending on how the current class-action lawsuit goes against them for sending the multiple "FINAL SETTLEMENT OFFER" letters for the same settlement offer, each one of those could be worth their weight in GOLD... Since you already disputed the tradelines, that should get the dispute to them with the full account number as they are reporting it, as they requested it... Now its a waiting game... The old CA should come off on dispute, since they no longer own the account, the OC could possibly update (or delete) the account depending on what they are reporting it as currently. And of course, since they are under a validation request, unless they can come up with the complete validation before the end of the 30-day deadline, they should delete as well.
Re: Re: 1st Letter from Creditor!!! They have offered settlements but none that I think are resonable for a debt this old. tcmcnair *`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`* There is no resonable settlement for anything past S O L. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""'''
Re: Re: Re: 1st Letter from Creditor!!! Especially when you can collect the multiple FINAL SETTLEMENT offer letters, and sue them for false and deceptive practices in trying to collect...
Re: Re: Re: 1st Letter from Creditor!!! The lawsuit is against RMA but, the principle is the same. http://0-pubs.bna.com.pegasus.law.c...8913bb4e575b05e485256da50076ffa7?OpenDocument I wonder if someone can find out who the plantiff's lawyer or llawfirm is? Edleman and Combs prehaps?
