i have 10 open collections accounts. I cannot get a straight answer on this. should i send them a DV letter first. OR should i send a settlement letter first?
Who do I send a dispute letter to? Do you have a sample?
If there are charge off on my old OC's and I get a pfd with the CA will the original items that say charge off come
of my report as well?If so Should I try to talk to the OC? Been 3 years. And how would I do this?
After the validation of the debt, if you think that there are any wrong information regarding your accounts, you can dispute those. After that you can send settlement letters to the collection agencies. Debt settlement lowers the outstanding debt amount by 40-60%. Along with the settlement offers, you can also request the collection agencies to agree to a "Pay for delete" (PFD) agreement. If they agree to a PFD, your account will get reported as "Paid". You will get a sample PFD letter at http://www.creditmagic.org/repair/pay-for-delete.html .
Dispute 10 items on your credit report
Send DV letter to each CA.
See what falls off, then perhaps settle , perhaps try a few things.
you need to join credit magic to get notice of my response
Who do I send a dispute letter to? Do you have a sample?
If there are charge off on my old OC's and I get a pfd with the CA will the original items that say charge off come
of my report as well?If so Should I try to talk to the OC? Been 3 years. And how would I do this?
Dispute each tradeline with Credit Reporting Agencies
Step 1 is go to https://www.annualcreditreport.com/cra/index.jsp and get hard copies of all three
Next send a written dispute to each CRA (TU, EX and EQ)
don't dispute all ten at once. Dispute 2 or 3 of the worst
Wait 45 days for results (30 if you paid for reports)
if the CRAs verify then send dispute letters directly to the Tradeline furnishers (Collection agencys) this is 623 or DV
There are more methods. I wrote some letters with more detail for ehow. this would be in my links.
send dv letters first
Hi Guest,
You can send a debt validation letter to each collection agency to make sure how much you owe. You will get a sample "debt validation letter" at http://www.creditmagic.org/repair/sampleletter-debtvalidation.html .
After the validation of the debt, if you think that there are any wrong information regarding your accounts, you can dispute those. After that you can send settlement letters to the collection agencies. Debt settlement lowers the outstanding debt amount by 40-60%. Along with the settlement offers, you can also request the collection agencies to agree to a "Pay for delete" (PFD) agreement. If they agree to a PFD, your account will get reported as "Paid". You will get a sample PFD letter at http://www.creditmagic.org/repair/pay-for-delete.html .
Hope this helps.
Regards,
Aaron