I recently ordered my credit report (for the first time in my life). I knew that my credit report wouldn't be that great. I had financial problems years ago and had credit card accounts go delinquint. I had paid and settled with most of them years ago. I had lost track of what I had and hadn't settled. Looking at my report, I see that there is a listing from a collection agency that did hard inquiries in December of 2002 and 2003. I tracked the collector and found out who the OC was. The DOLA for it was in 10/97. The SOL for it was in 2001. I received a settlement offer on it in Feb 2004. I remember reading a sample letter that mentioned an invlaid PP for inquiry and combined it as a debt validation. Does anyone have a link to it as I can't find it anymore. Or can anyone help give me an idea of how I would write a letter to this CA? This will be my first attempt at credit repair. Thanks.
Because the statute of limitations HAS NOTHING TO DO WITH DEBT COLLECTION/REPORTING, the collection agency can report AND attempt to collect PAST the SOL. WHICH INCLUDES PULLING YOUR CREDIT REPORT. THE SOL ONLY sets the time period during which you can be sued for the debt. A debt collector can attmpt to collect FOREVER. Because it has been a while, there is no effective validation process which would benefit you. At this point, DISPUTING the debts THROUGH the credit reporting agencies is probably the best route. Some will argue that sending one of these SOL letters will do "something" beneficial. In reality, it only serves to inform the collection agency your new address and contact info, and "remind" them you are still around so they can start sendig you letters again By sending the credit reporting agencies a DISPUTE, it requires them to notify the collection agency who is then required to investigate. IF the accounts ARE yours, DISPUTING them as "not mine" will probably not have beneficial results. HOWEVER, disputing the amount, status, charge off date, closed date etc etc (details of the account) will provide the best results. **DISPUTING the accounts as "not mine" if this is your first ever disputes MAY RESULT in the deletion of the accounts from the credit report, BUT it also may serve to make your next "round" of disputes to be concidered "frivilous" (the famous previously disputed) and you wont be able to dispute effectively after. Try to keep it less complicated, dont bother with all these fancy lettes citing case law etc, just write a letter saying "something" is wrong with the accounts GOOD LUCK!
