debt validation letters- collectors or creditors?

I think it should be sent to whom ever owns the acount. I would send one to both the collection agency and the creditor unless someone here answer your question and knows the exact answer.

DV letters are for collection agencies, as creditors are usually not covered by the FDCPA.

You can always call and ask but maybe Morningstar has a better way of going about it.

Nope, that's what I'd do, too. Find out exactly what it is, then proceed appropriately.

If that item is wrongly reported you should be disputing it the bureau.

Hope you found the help you needed desperate and hope to hear how this all worked out for you.

You should send it to whomever made a mark on your CR

That would be the best thing to do.

I agree with Anthony. If the item is wrongly listed in your credit report, you can always send a dispute letter to the credit bureaus asking them to remove the listing. The CRAs will verify it with the original creditor and remove the listing from your report if you do not owe the debt.

Don't you hate how much trouble you have to go through to correct errors?

While I am frightened that I am not agreeing with Justin and Anthony, I do feel the need to point out that the CRAs dont always do the most in depth investigation into a debts validity. If they did we wouldnt need DV and MOV. I have personally presented EXP with proof of a fraudulent account to be told it is not there job to validate it, just that the CA can prove they have the right info. While it was nothing a trip tp the local courthouse coudn't fix, if I left it up to EXP I'd still have that mark

Good point and your right about a trip to the local courhoaes. seems like just making he trip would save hassle and time.

See, I am just a whole lot disgusted with these credit reporting agencies, these scores and reports means so much in every day life. I think they should be held to a higher standard. If the collector can not validate then it should not be put on the report. I think that the burden of proof should be on them after all they are the ones with all the paper work and proof, SUPPOSEDLY.

I am sure we all are in agreeance to that gd. Problem is we are the little guys and we don't make the rules. I was just saying on another post that this whole credit thing needs to be rewritten. Some new laws and policies put into place. A good start would be that they couldn't list what they can't validate. I also thing some of their time lines need serious adjustment.

True, I agree with both of you and goodnatured, you catch hell trying to get something changed on your account. I am curious, what is the criteria to list with a credit reporting agency? Does anyone know? Do you need a business fein or can any jerk pay and post what they feel about you????

Thats a good question. I would like to see a few answer on this one.

yep...I wanna know that, too. That means someone can just post ANYTHING without 'us' seeing it. So...you HAVE no idea what is written. Ain't that crap?

Lots of crap. What recently blowed me away is a post I read where the IRS can actually charge you for a debt that has been written off. They figure it as part of your income. Where does crap really end?

Well that is the way it's go, your gain right, so you have to pay the piper. In this case the IRS.

It is true that the the practice of how listings are included in the credit report may feel incorrect to us, but there is no way out. So I think we should concentrate more on how to remove these negative listings from our credit report. It is time consuming but is not at all a difficult task and can be done by ourselves. All we need to keep track of our credit reports, send DV letters to CAs if we find listings in their name in the credit report and finally send dispute letters to credit bureaus if we do not agree with their validation.

Yep I agree with Mary on this one. I guess all we can do is our best and hold our breath.

What consitutes good debt validation?

Contracts..Original ones.

But you never have a legal contract with the collection agency, right!

Thats exactly what I am thinking GN. I REALLY THIN K YOU NEED TO LOOK INTO THIS. I am betting they can not pursue the debt if they have no contract stating they (not the OC) can collect this debt.

I am going through this on one collector that would not settle the debt, I wanted debt validation, still have not gotten anything satisfactory, I will demand it in person if we ever get to court on this one, the attorney told me that if they can not produce these documents then they can not collect the debt.

Well then the ball seems to have stopped rolling. Eithr they step up and provide validation ot sit thre spinning in one spot. Have you asked this atty how long they have to get a move on this potential lawsuit?

I am not sure there is one after the summons is filed, I would think that they should move a little quicker than you have experienced, I don't know who you could even ask about this, have you check out the fcra site, they may have a time frame there.

me either, I have been too busy to dig any information up, was hoping someone here would know.

Sometimes digging up info gets really time consuming. The net has become such a advertising highway for so many business and firms. I was trying to find out more info about RSD (complication from accident). I typed it in and all you seen was law firms who wanted to sue in your behalf and how much they settled cases for. Out of all of that I only found a couple really good web pages that have helped me understand my prognosis.

If you go on the veterans administration web page, you can type it in the search engine and see what comes up there. It is a public page so try it out and see what you can find out there. It is va(dot)gov.

Hey thanks that sounds like a really good idea!