..more Arrow Financial mess

Discussion in 'Credit Talk' started by ithinkican, Jun 30, 2003.

  1. ithinkican

    ithinkican Well-Known Member

    I sent a validation to Arrow crrr 35 days ago...didn't hear from them, but got a settlement offer from Rsik Management on behalf of Arrow. I sent THEM a validation...haven't heard yet, but I keep hearing from people how bad Arrow is to deal with. I have an OLD charge off for Providian. Do you think I'll get any success with validation to Risk management? Any people with experience with these guys????
     
  2. begntexs

    begntexs Well-Known Member

    Good Luck with the Arrow DBA AFS of IL

    We have sent them 4 Val letters since Dec. and they have verified 2x for each Cra since 12-02
    they do not respond to any thing...
    I did speak with TU Rep and she told me they verified both times electronic tape..
     
  3. darkdoj

    darkdoj Well-Known Member

    Contact their compliance department. Ask for Patel specifically. He was really easy to deal with and seemed to agree with me when I told him that if I had to sue, they'd be in a world of hurt.

    His Number is: 1-800-279-0224 Extension: 2744

    Faxed hand signed letter of deletion to me within 24hrs and also sent it via mail as well. Hand signed is important incase they fail to follow through. (EDIT: His accent is pretty strong, so speak slowly)

    By the way, since when is electronic tape a verification? I can send you a tape with anything on it. Just because they go back and look at the tape doesn't mean it's actually correct. Some creditor's swear they sent the correct info, but the CRA says the tape was accurate. I personally think they need to amend the law to require hand written validation and explicitly forbid tape verifying because it's a crock.
     

Share This Page