I have received letters from CA's regarding relatively new charged-off accounts. I sent validations and have received no response. Just pulled my credit reports and the accounts are still listed in the name of the original creditor as charged-off. The CA's seem to have ceased any activities and they are not listed on my credit report at all. There is only one notation "disputed" as a result of the validation letter, but the tradeline is still that of the original creditor. Since the CA's are not reporting or proceeding with further collection activities and have not validated......what do I do next? It seems to me that sending an estoppel is not the thing to do since the CA's are not reporting anything on my credit reports. What should I do next?
Dispute the entries with the CRA's. Now that the debt has been sold or assigned to the CA's you have a good chance of getting the items currently on your report, deleted. Since the CA's have not yet reported, continue with the validation process by either sending another firmer validation request (getting more evidence that you tried to have them validate), or going on with the process by sending the estopple letter, either way, you should be collecting evidence along the way in case you have to finally file the lawsuit against the CA for continued collection practices after repeated C&D,validation, re-validation attempts had been made which are clear violations of the FDCPA. You have achieved a necessary goal of NOT having the CA validate...that is GOOD. That gives you the evidence you need to protect yourself if they report it, or try and collect again later. Care about your reports now with the CRA's, and protect your future reports with the CA's at the same time. -Peace, Dave
