Hi! I am finally taking the plunge to finally improve my credit. I have pulled my credit reports. I have been reading posts as well as the faqs. HOwever I'd like to ask advice on stragedy for this newbie. My stats are:score low 500s bad-Credit First NA chargeoff (firestone cc)June 07 $514 IC system Inc chargeoff(storage)sept 08 placed for collection$342 Toyota Motorcredit chargeoff (car repo)July 03, balance 0 Tribute cc chargeoff 9/08 $975 Unique National Collection(public library)July 04, $63 *My student loans are listed as being in good standing. And I have a Tmobile cell in good standing. I am in college. Full time working and single mom. I think I should tackle the collections by starting request for validation with CA. and leave the chargeoff alone. It is scheduled to fall off the reports July 09. I can end with pay for delete for the collections. Is that a sound strategy? Also I have begun getting calls on my cell from Asset Acceptance and NCO Financial. I havent responded. NCO They had been sending me correspondence for a Citicharge off from 01. It has been deleted from all reports as it is past the SOL and the 7 year clock. I am thinking that is why they-AA and NCO are calling-still trying to collect. Both of them. Still what should I do about them? They are sneaky, and I dont trust talking to them on the phone. . NOthing from them is showing on my reports. but they are pulling my reports. But I haven't received letters in the last 3 months. They are known for reaging. i wouldn't put it past them to throw it back on and just change the date. Thanks for reading this
Looks like you have a good idea for starting out! Stay off the phone with the CA's, since it is past SOL, just ignore them or send them a cease and disest letter. Make sure you document everything, send everything CMRRR. Are they doing hard pulls on your reports? and if so how often? If they are doing hard pulls and would write a letter to them stating they do not have PP to pull your report because of the SOL and especially if they don't validate. Just a few suttle tactics, just make sure you document everything, read up on the FCRA and FDCPA.
OH thanks for replying mavrik2747! Yay then I am on the right track. I'll keep reading. Thanks for the tip on that board. I'll bookmark it. One two punch sounds like just what I need.
I had Unique on my report too. They were really easy. I sent them a settlement letter for less than 25% of what they claimed I owed. One week later they sent me a letter back saying they'd delete their listings. And they did. I didn't even have to pay them.
Hey I have been away for a while but I have stayed active in credit repair. Here's what I would do: Asset Acceptance and NCO Financial don't have a leg to stand on. I would do a cease and desist letter stating that you don't owe them anything and to stop contacting you. Don't mention anything about the OC as many cease and desist example letters have it included. I would also send them a letter telling them to remove those hard pulls since they don't have PP, why don't they have PP because they can't prove you owe anything,( I highly doubt they have any of those old docs). The 2 accts from 03 and 04 i would dispute, because you should be pass your SOL but check with your state first to make sure before you do. AND before you do anything please get all of your old addresses deleted first, this will help. the newer TL's you may need to settle. but make sure before you pay get it in writing and make sure you get the UDF from them. Your over all strategy is good just make sure you document everything and all letters should be sent CRRR. Please note: Most OC's don't like to "delete for pay" why because with all those fees they tacted on when they file their taxes they'll make more on you as a charge off than if you paid them in a settlement, CA"s are more apt to do it. in that case I would just wait for the SOL to run out, stay on top of the CA's they sell it to using C & D letters and then dispute when SOL runs out. By this time anything they would use to validate will be harder to find and quite frankly the OC won't care after 4 years or whatever your state SOL is. In the mean time just keep building good credit. You won't be able to get a house (unless you pay the old debts off) but you will be able to get cars, CC's and other things. That's just my take on it and what I would do if I was doing it for someone.
