... wait until the end of the 30 day period of their initial contact with you to report the collection account to the CRA? A collection account showed up on Experian yesterday (something I have never even heard of) and today I got the first correspondence from them. What do I need to do now???
Well ... Unfortunately they DON'T have to wait. Fire off an immediate val demand. We'll put this one on a real tight time frame. 1) Validaton - 30 days 2) 2nd val. - 10 days 3) NIS and 72 hrs. to cure 4) Filing of a small claims case That's the best you can hope for as far as time line is concerned. Assuming you're sure it's not yours. Whos' the CA?
Welllllll.... it actually is mine. (I meant the CA is somebody I have never heard of.) It is an account that has been sold umpteen times and they have the original creditor wrong. I wanted to try the validation route before trying to settle it for deletion. The CA is S&P Capital Investments, Inc. Heard of them?
If it's old and has been sold numerous times, the likelyhood of meeting the rigorous standards of proper validation are remote. Go ahead with the Val Demand. Do that with each data furnisher. It just may take a little longer. As soon as you get your green card back dispute with the CRA's. Have a nice vacation NIS = Notice of Intent to Sue.
Thanks for all the info, Butch! And thanks for the good wishes! I will probably need more help on this later on. Please watch for my posts! Thanks again!
