Hi BBauer, I just got off the phone with a Collection Account. California Service Bureau. I have an account that is 173.00 which is really miniscule. I spoke to a CSr and she confirmed with her supervisor that if I send payment, they will delete this information from all of my credit reports. I asked if they would send a letter specifically outlining this and she said that they can't do this. My question is, does a restricted endorsement work in California? Can a letter that shows a copy of the endorsment cashier check and letter be a valid means of dispute with the CA. I am just at the point that the stuff on my credit report are so small (the amounts) that is would be easier to get it removed by either showing my police report for identity fraud and the stuff that is legitimately mine, I can just negotiate the deletions. What do you think? I do have honor and I just want pay my bills and build good credit.
California has a modified restrictive endorsement law. Check the NOLO link out here: http://www.nolo.com/lawcenter/aunti...67E/catID/43A35C36-0A53-4E37-B92C80B98E69E6D0 Additionally, I have sent creditors an "agreement letter" to be signed by a CA supervisor. Basically stating I want deletion in exchange for $XX....considered payment in full...for such and such account.....if CA agrees, please acknowledge with a signature from supervisor and I will remit payment. Send CCCR. When signed letter was returned to me, I enclosed my payment, with a note on the payment clearly stating per our June XX, 200X agreement.
Thanks Cinderella I am going to send the notice of intent and then send the full payment on March 6, that will give me 15 days to back myself up.
play it safe. If you send that letter stating you'd pay for delete... type your name at the signature line but don't actually sign it... let them sign it first (or not sign it at all) but don't send them a copy of your signature Perhaps a better route is to stop talking to them right now and send them a validation letter. from that letter they normally generate fdcpa and/or fcra violations which you can use later to force them into deleting any tradeline and all inquiries
I would normally agree with you on that but in this case and under the stated conditions I think he is better off to study the California law since he lives in Cal and be sure he follows it to the letter and go for it. I am not overly famiiar with the Cal law but am generally familiar. In otherwords, I have a pretty fair knowledge of it and I know that advance letter outlining the conditions of the settlement is pretty important under Cal llaw. Since you live in Cal and the amount is hardly worth fighting over and you do have the means to pay it then do what the law says you should do and do it exactly that way and that sounds like the most practical thing to do under the circumstances.
I just sent my letter of intent to the collection agency. In it I kept it real simple.( thanks to Bbauer) I specified that for payment of the alleged liability, that this information would be deleted from their systems and all consumer reporting agencies. I found the name of the supervisor and stipulated a line which requests his signature and date. In California, the only way to ensure an endorsement will work is to send a Intent to Settle letter 15days prior to payment. I sent this Certified just 15 days ago. Whether they sign the agreement or not, when I put the endorsement on the back of the Cashier check, this makes the alleged liability virtually disappear. We shall see after March 6, 2002
Thanks, I am going to just cross my fingers and put that long endorsement on the back of my cashier check.
