Ok, If someone had 12K of negative credit on their credit report. All of it had been passed to diff collection agencies a few times. How in the world can you fix your credit when your not supposed to pay collection agencies and the original, as well as other collection agencies still leave a mark even though you paied. I can understand the original but not multiple collection agencies??? I desperatly want to restore my credit health as i want a house but it is almost not worth it?? Suggestions?
How old is that 12K debt? If it is almost 7 years since it was first reported, I would do nothing and just let it fall off. That's the law which is in place to give the consumer a second chance. Once you go screwing around and sending letters, it wakes up all these collection agencies which then seek to re-age accounts and sell accounts. They have so many tricks up their sleeves. The whole thing can be very frustrating if you don't have the patience of Job. It really isn't worth it. Let the law work for you if that debt is almost 7 years old. Then start over with a clean slate.
First off you get penalized by scoring model since you didnt take care of the bill soon enough before they transfered it from one collection to the next, had you paid the first collection agency early or at least made arrangements you wouldnt be stuck with this problem. Second the only thing you can do is make sure that the accounts reporting are accurate. Ex/ Lets say your original debt was with cap one and they sold it to risk mgmt and encore receivables and then you paid it to the third collection NCO. You first off want to make sure cap one shows purchased by another lender with a payment history as a paid charge off. Risk mgmt also as trasfered and paid charge off, and the same with encore receivable The companies can legally report this info since they did have it but you want to make sure its at least reporting accurate and that the balances are not showing several times
Try this one... This is a THIRD request for validation made pursuant to the Fair Debt Collection Practices Act. Please be advised that I am not requesting a "verification" that you have my mailing address, I am requesting a "validationâ?; that is, competent evidence that I have some contractual obligation to pay you. Providing assorted photocopies of documents without a signature is not sufficient. This is the third time you have verified these accounts with the Equifax and Experian while failing to validate. You are continuing to collect on an illegal unsubstantiated debt. The collection agents are re-selling this un-validated illegal debt back and forth to each other to circumvent the FDCPA. You may want to know this pattern of blatant and repeated violation of FDCPA and collusion is beginning to be prosecuted as Racketeering. This pattern of behavior constitutes violations beyond civil law and has entered the realm of criminal violations of the RICO Act. Iâ??m not going settle for a few thousand in FDCPA violations as repayment for making mine and my familyâ??s life miserable. I will allege your Officers are a perpetrator and a party to fraud, racketeering and possible identity theft. I am prepared to press criminal charges against your Corporate Officers if this is not stopped right now. If you donâ??t comply with the law in this matter I will not rest until I pierce the corporate veil and make sure your Corporate Officers lose everything their ill gotten gain has brought them and they are brought to justice. I suggest you properly do you job or forward this to your CEO before you recklessly un-validated re-sell this illegal debt. I want all references of this removed immediately from all my credit reports. Sincerely, Then send this to the CRA Dear Equifax Information Services, I am writing again to dispute the following information on my credit file. The items I dispute as â??not mineâ? are circled on the attached copy of the report I received. This is the fourth time I requested these actions! This is the third time you have verified these accounts while they have been documented as under dispute with the collection agents. You are aiding them to collect on an illegal unsubstantiated debt. The collection agents are re-selling these un-validated illegal debts back and forth to each other to circumvent the FDCPA. You may want to know this pattern or blatant and repeated violation of FCRA and collusion is beginning to be prosecuted as Racketeering. This pattern of behavior constitutes violations beyond civil law and has entered the realm of criminal violations of the RICO Act. Iâ??m not going settle for a few thousand in FCRA violations as repayment for making mine and my familyâ??s life miserable. I will allege your Officers are a perpetrator and a party to fraud and possible identity theft. I am prepared to press criminal charges against your Corporate Officers if this is not stopped right now. If you donâ??t comply with the law on these matters I will not rest until I pierce the corporate veil and make sure your Corporate Officers lose everything their ill gotten gain has brought them and they are brought to justice. I suggest you properly do you job or forward this to your CEO before you recklessly send me out another form letter. Everything I mention above has been documented with return receipts and phone conversations recorded with beep tones every 15 seconds which I also plan to release to your Officers, the media, the FBI, the Attorneyâ??s Office, and the Federal Trade Commission. You need to properly investigate these matters and delete the inaccurate items immediately and send me a corrected report. This is it. Sincerely,
Three problems with your post "All the best" : First....unless you are a lawyer...and even if you are...you are making some statements in those letters that will get your personal ass strung up in a court of law.....you might want to re-evaluate your language and your accusations. Second....you sound like a raving lunatic that no sound-minded businessman or woman will pay any attention to before they even finish reading that letter.....it will find File 13 after the first few sentences...unless they forward it to their legal department first. Third, you don't have the teeth behind your threats to carry any of them out and all you have done is prove to whomever reads it that you are a nutcase and have lost all sense of realistic negotiating power. I do truly hope all these newbies on here do further research and please not act recklessly in trying to resolve matters as is suggested by some.... "All the best"
Re: Re: I do not get it?!?!?! Maybe you should do a search on this board and others like it under RICO or racketeering. So far no one's been successful but it's just a matter of time. It has been tried several times in Federal courts. It hasn't been tried at the state level yet. I used that in my last round of letter and my reports went from 6 derogatory tradelings to ZERO. All that's left is two judgements. My score went from 513 to 687 in a few months. Maybe it was just coincidence but I've been trying for three years being jerked around and having the accounts re-sold every time I demanded validation. Now all three reports have no derogatory tradelines. It's well within my rights, abilities and intentions to file a criminal complaint. What the newby need to realize is that some of the people here are "wolves in sheep's clothing". No one thought any exective would ever get major jail time The Worldcom case showed they were wrong. It's time for these racketeers to go to jail.
Re: Re: I do not get it?!?!?! "All the best" You are truly out of your mind and you are offering advice on this board that is not only dangerous..but could get one in serious trouble if they took your advice..... Perhaps it worked once or twice for you but if you told me to stick my finger in the electrical socket just because you didn't get a jolt .... it wouldn't mean that it would work for me. The way you suggest handling matters is not only insane but stupid. I have been here for many years and have followed the sage advice of those that finally got tired of all the jerks such as yourself....and left....perhaps I should follow... But...before I go...could ya explain to me that "corporate veil" thingy and what tool ya need to pierce it? Oh....and where do ya get the phone that beeps every 15 seconds....ya know...the one that ya said you were gonna send to the FBI. Radio Shack? "All the best" MUA!!!
Re: Re: Re: I do not get it?!?!?! The "corporate veil" is the protection that a corporation affords it's offices. It is impenetratable unless there is fraud involved. In order to legally record a phone conversation without asking permission is to use a device or recorder that injects a "beep tone" every 15 seconds. Call 911 and you'll hear it. And no it's not sold at Radio Shack. Whether you know it or not I've been here longer than you. Back in the days of real sages like PsychDoc and LizardKing. Since then this board has been infiltrated by those working for the CA's. If you're not one of them you sure have been influenced by them. If you are indeed for real and not a CA shill then you might want to stop being a wise ass and do some research into what I'm telling you.
Re: Re: Re: I do not get it?!?!?! No....this board has not been inflitrated by those working for CA's....it has been taken over by idiots like you that suggest tactics that (1) are stupid, (2) are reckless, and (3) have no validity in solving most problems that people ask on this board. Once again....newbies....read this person's previous posts and then YOU decide whether his suggestions are logical or absolutely insane and ridiculous. If you want to solve your credit problems...my suggestion is to follow the advice of those that have been here for years, have posted relevant advice, and do your own research on the side....."All the best" proved what a maniac he was with his letter he suggested a few posts ago....
Re: Re: Re: I do not get it?!?!?! actually if you live in the state of new york you never have to ask for permission since it is state law that you can record converstations without permission. All other states will require it and your recordings will not hold up in court.
Re: Re: Re: I do not get it?!?!?! stephen wrote "Dear Equifax Information Services, I am writing again to dispute the following information on my credit file. The items I dispute as â??not mineâ? are circled on the attached copy of the report I received. This is the fourth time I requested these actions! This is the third time you have verified these accounts while they have been documented as under dispute with the collection agents. You are aiding them to collect on an illegal unsubstantiated debt. The collection agents are re-selling these un-validated illegal debts back and forth to each other to circumvent the FDCPA. You may want to know this pattern or blatant and repeated violation of FCRA and collusion is beginning to be prosecuted as Racketeering. This pattern of behavior constitutes violations beyond civil law and has entered the realm of criminal violations of the RICO Act. Iâ??m not going settle for a few thousand in FCRA violations as repayment for making mine and my familyâ??s life miserable. I will allege your Officers are a perpetrator and a party to fraud and possible identity theft. I am prepared to press criminal charges against your Corporate Officers if this is not stopped right now. If you donâ??t comply with the law on these matters I will not rest until I pierce the corporate veil and make sure your Corporate Officers lose everything their ill gotten gain has brought them and they are brought to justice. I suggest you properly do you job or forward this to your CEO before you recklessly send me out another form letter. Everything I mention above has been documented with return receipts and phone conversations recorded with beep tones every 15 seconds which I also plan to release to your Officers, the media, the FBI, the Attorneyâ??s Office, and the Federal Trade Commission. You need to properly investigate these matters and delete the inaccurate items immediately and send me a corrected report. This is it. Sincerely, All the best, Stephen " YOUR A CRACKHEAD AND I THINK SHOULD CONTACT ABC FOR AN AFTER SCHOOL SPECIAL
Re: Re: Re: I do not get it?!?!?! Oh...one other thing "all the best" I have taken care of any situations that I may have had on my credit report long ago using valid advice from responsible individuals on this board... I have never had to use illegal and threatening letters such as you suggest, have never had to buy "gadgets" from Radio Shack, nor purchase any devices to "pierce corporate veils". You are just a total nutcase and I am actually having fun now at your expense because you are so stupid. I just hope there are no newbies that actually buy in to your insanity. But now I grow tired of you and all of your stupid nonsense......newbies....proceed with caution listening to the advice of the Wizard Stephen....
Re: Re: Re: Re: I do not get it?!?!?! Search ALL my posts and you will see they date back to 2002. Actually before 2002under another username I can't remember. Fine with me what newby's do. But when they find that the CA's are selling the paper to another CA every time they ask for validation they might want to consider alternative methods. Granted what I'm doing is extreme but it worked. If you want to be less extreme search out lizardking's posts and learn to take the CRA's to court. But what you weenies are telling people just doesn't work anymore. The CA's have found a way around it. I have dozens of Green Cards to prove it.
Re: Re: Re: Re: I do not get it?!?!?! <But what you weenies are telling people just doesn't work anymore.> I rest my case folks....who would solicit or follow credit repair advice from someone that has such a command of the English language as our good friend Stephen..... Ciao....
Re: Re: Re: Re: I do not get it?!?!?! Jeez you guys, Stephen is only giving his opinion based on his experiences. That's really all you (Mastermind and Trade4Livn) are doing also. Understanding your creit rights is a major problem in America. If the newbie asked for help, people should be able to provide opinions without being attacked. I don't see much wrong with Stephen's advice at all. The letter may be a bit long and could have been worded a little better but directionally he's point on. Because the real deal behind protecting your rights under the law is to know what rights you have. The FDCPA and FCRA basically protects consumers by placing the burden of validation and accuracy in reporting on the CA's and the CRA's. A large percentage of CA's that report negative credit information to the CRA's violate the statues. I would just add to Stephen's post... read the FCRA and the FDCPA for yourself. If you need, you can hire a lawyer, but many many people have articulated the laws and been capable of defending themselves against the CA's. Once you have read the statues, send your letters and be prepared to take them to small claims. I have used these types of letters for two years now and removed 14 items from my reports. I have also been awarded $2,000 by a CA through small claims. The letters have prevented a few more from ever even reporting them. Since, I have rebuilt my credit and the letters coupled with my knowledge of what I was writing has made the difference. Dude's, lighten up. You can respect someone's opinion without calling names. Although Stephen was called "stupid," I read this and say the name caller is the one "acting" that way. Respectfully submitted, "will2Win"
