Okay I need to eliminate my negs. that are paid or settled. I was going to start the "NUTCASE" series. I have 4 creditors to send them to. My plan was to send them CMRR and then when I get my receipt mail out my disputes to the CRA's CMRR. And thanks Psychdoc those letters are an excellent resource. I plan to watch my reports to see if they are marked as in dispute. I also will take note if the creditors verify with the CRA before validating. I've thought of possible responses from creditors am I missing any-- 1. No response 2. Verify before validating 3. Verify but never validate 4. Validate 5. Can't validate so delete acct info. Also if a CRA tells me an account is verified and it has not been validated; I was planning to send them procedural request letter. Is this all correct? Just so you know my goal is to refinance my house. Currently I'm paying 12%-ouch! I know it takes time so I will be patient. Am I missing something? Let me know. Remember be nice to me my kid may be President one day. Mike
2 are OC's. I thought anybody who reported to the CRA 's was subject to validation. This is incorrect? I've read this board for several weeks. I even just did a search and there are several threads that discuss OC's and validation. If I can't validate an OC what do you suggest? Thanks Mike
Mike according to the federal FDCPA the OC's seem to be exempt from validating. I understand some states still may include them however so check your state laws. However, FCRA STILL applies to the OC. Look up responsibilities of frunishers of information. They must still verify with you, they must still mark account as disputed etc..
Okay just found what you are talking about. The OC is not bound by FDCPA unless my state law binds them or the state that the OC is in? Can I send estoppel letters? Thanks for telling me before I made a mistake. Mike
The nutcase is used for paid accounts. However, it is not validation. It is just what it says it is. You are hoping the OC will delete the TL from the CRA's rather than mess with you - the nutcase consumer. Have you had the chance to read the FAQ's, and the the links within? It takes several readings to absorb everything.
jlynn and knoxPK thanks. Yes I have read the FAQ and nutcase rational and I realize this is a lot of info. to absorb. I read things over and over and over. This board is addictive. I think my spouse has grounds for divorce now. After reading the rational behind the nutcase again I thought it would still work for an OC if nothing else to make them scratch their heads and wonder about me. Is this your point jlynn that I can send the nutcase but not expect validation from an OC? Sorry about all the questions. I just want to get this right. I don't want to make a mistake before I start. KnoxPK I'm gonna check my state laws. Thanks. Mike
Exactly - the nutcase is a series to get the OC to delete - they don't have to validate under Fed law. Since you mentioned these are paid accounts, that is exactly what they are geared to. Good luck! Tell your wife not to divorce you - only good things will come with better credit!
Is this right an OC doesn't have to validate but they still have to mark the account as in dipute with the CRA? And the OC still has to verify with me? So do I remove the line in the nutcase about wanting validation or leave it there so they wonder? You guys don't know how much I wish I had found this board sooner. Your help really is appreciated.
