stevem5000

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About stevem5000

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  1. In Oct of 2006 I recieved a letter from an attorney asking for payment on an Arrow Financial debt...They are acting as a CA... I sent CMRR letter asking them to validate... Today, 7/20/07, 9 months later, I recieved a letter from the same attorney with a copy of screen print of the account summary from Arrow... This copy shows my name, address, Arrow account # original creditor, current balance and last payment date... My research seems to indicate that a CA need a "reasonable amount of time" to properly validate a debt...It seems to me that 9 months is a pretty long time for the Attorney CA
  2. My son had a credit card with about $2000 balance...he didn't pay it, didn't dispute it... It has gone thru 2-3 collection agencies, winding up with Arrow... He never disputed or contacted the CA...this has been maybe 3 years... New he is getting a letter from a lawyer asking for payment...I assume he will ignore this letter also and wind up getting sued... So, should we dispute with Arrow...with the lawyer...or how??? I need some step-by-step advice... Thanx Steve
  3. This is for my son.. He had a credit card with about $2000 balance...he didn't pay it, didn't dispute it... It has gone thru 2-3 collection agencies, winding up with Arrow... He never disputed or contacted the CA...this has been maybe 3 years... New he is getting a letter from a lawyer asking for payment...I assume he will ignore this letter also and wind up getting sued... So, should we dispute with Arrow...with the lawyer...or how??? I need some step-by-step advice... I have used this board before to work out some of my own personal credit problems...but when the occur for me, I get right on
  4. Here's my 2 cents on the subject... I have gone thru the CRA cleaning up process twice in my life... I had filed bankruptcy in 1967, got married in 1968, and found I could not buy a bed for my bride...couple months later I heard about the FCRA of 1968, this is the original FCRA...Went to the local law library and copied it out of a law book...and started to work... It took about 2 years of steady persistent work...most of what I did almost 40 years ago is now on this board in a much more clarified, format...everything I did, I had no idea if it would work or not...I figgured out how to do ever
  5. Several years ago I defaulted on a Sears credit card...they later sold it to Sherman, they got a local law firm to sue me and I had a judgement placed against me... Now a few years later, I had my lawyer cut a deal with the local Sherman lawyers... I advised my lawyer that I want a letter from the Sherman lawyers saying they would report the paid account to all 3 CRA's... My lawyer told me that the Sherman atty said they don't have to give me a letter as they were required under law to report the paid debt... I don't think this is correct and my lawyer, who doesn't do credit law, doesn't know.
  6. I defaulted on a Sears charge card about 6 years ago... They sued me and got a judgement...so far I have not paid it, it's been about 4 years... Today I had my lawyer call up the Sears lawyer to offer a settlement...the Sears lawyer says the debt was bought by Sherman... The original debt was about $2800...Sherman now wants $6300...the Sears lawyer contacted Sherman and indicated they will settle for $4700... That seems excessive... Is there a limit to what a CA can charge on the original debt??? Thanx
  7. I hope I'm in the correct forum... Some years ago Sears hired a local law firm and they sued me for about $2300 and got a judgement against me... Several years after that judgement, I am in the process of refinancing my house and the lender wants the judgement paid off...that's fine... My lawyer will deal with Sears hired lawyers and reach an agreement... Part of that deal is the law firm will quit the judgement in the local courts and furnish that info to the CRA's... Problem, even though Sears is listed as the plaintiff in the CRA's, how can I get the law firm to convince Sears to mark that
  8. kb9tbq... Thanx your comments... You say you were in your office and a lady came in.... I'm curious, what do you do???... I am in the process of looking for an attorney experienced in handling FCRA issues... Is that what you do??? Or can anyone recommend a good atty??? Thanx STeve
  9. I realize that this really isn't the forum for this post...but since I have been reading and posting to this site for about 6 months, I see that a lot of folks have posted their joys and victories here... That is what I want to do... In 1987 I sold my business to a larger competitor and went to work for them...At that time I owed the IRS 3 quarters of employee withholding taxes, 941's totalling about $15K...The purchase agreement included the new owners would pay off those 3 quarters of IRS debt... A 3 years go by, I am no longer employed by the company who bought me out when one morning a lad
  10. Thanx Addicted Expert!!!\ Appreciate your comments... I'm not going to worry about it... Steve
  11. Going thru my July 2003 Experian report, and this item has been sitting there for a long time, (years maybe) but after reading posts on this forum, I am curious if this is an example of "re-ageing" Creditor MBGA/JC PENNY Date Opened 3-1975 Reported Since 8-1995 Date of Status 7-2003 Last reported 7/2003 Type Revolving Terms NA Monthly Pmt $0 Responsibility Joint with (my wifes name) Credit Limit NA High Balance $921 Recent Balance