jethro

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About jethro

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  1. Thanks for the input Lynn. I think i will try a goodwill letter, it seems like my only hope. I was inspired by the letter at the top of the forum. Jethro
  2. Hi all, I had seven differnt student loans out of college and defaulted on them. Not long after defaulting, i consolidated them into one large loan, and am now making regular monthly payments. The consolidation is coming up paid as agreed, but all seven of the old loans are still on there as defaulted-consolidated...Is there anthing i can do to get rid of these seven as then don't look good and i'm sure are hurting my score. I have tried "not mine" and they have come back verified...Any ideas? Thanks, Jethro
  3. Hello all, I just noticed on my experian report that NCO-MEDCLEAR has made six different enteries on the public record portion of my report. These correspond to six different medical debts they claim i owe money for. I have checked my local courts files and one other county where i resided before and can find nothing. Is this some kind of scare tactic or has a judgement been filed against me. I got a call about a month ago from what i thought was a bold NCO collector. This person said that he wanted to know if i still lived at the same address in a certian county. I asked who was calling and he said he was a paper pusher for that county and he thought he was going to be serving me in the next month. The call made me laugh, as i took it as a scare tactic from NCO. They had been calling me and harassing me for weeks before this and i always hung up on them. I thought this might be one of their moves to try and scare people into paying. Does anyone have any advice? I really don't want to call NCO whithout knowing where i stand. Thanks, Jethro
  4. Think i will try credit attorney or similar for a few months. I would also like there help making a few settlements as i think an attorney would have more leverage in a settlement than myself. I would feel better knowing an attorney handled the pay off for delete rather than myself. Maybe one of the smaller agencies will help with settlements and such, i'll keep looking. Thanks again for everyones input. Jethro
  5. Hi All- I started doing some of this credit repair a few months ago to some success. I had several deletions, but several more came back verified. I have a lot more work to do. I have heard that some firms like Lexington Law firm for example and other like this do basically the same thing i was doing but are better at it and don't get overwhelmed as i did. HAs anyone heard about or used these services or ones like them and had positive results. It is about $80 up front and $40 a month. That would be worth it to me not to have to deal with writing all the letters, responding, etc.. What do the experts here think? Thanks Jethro
  6. Here's my situation- I need a new car. I have over thirteen collections on my cr at the moment that i am trying to clean up. I have just opened a bank account recently and keep a balance of about $500.00. I have over $7000 saved that i keep in a safe place. My credit is so poor right now i wold have trouble getting a loan and if i did the rates would be very high. So i was thinking maybe i could put my $7000 into a cd that the bank would use to secure a car loan with. THis way i would get a good rate and the loan would help rebuild my credit. But, I'm scared that one of these collection agencies like Asset that i owe $3000 to is going to come after that cd or my car. Is this possible and or likley? If the money was in a cd and not an account would that prevent a judgement from being able to get at it? Is there another way to creativeley finance a vehicle given the variables and keep myself judgement proof? Any help would be greatly appreciated. Thanks Jethro
  7. Hey all- I have found out that the CA trying to collect 9 medical accounts from me is reaging all nine accounts 2 years or more. So I would like to send them an its letter threating class action for their re-aging. Does anyone know of sucessful class action suits for reaging that they could point me to so i could site them in the letter? Thanks in advance Jethro
  8. Hey there- I had defaulted on 7 different loans. I did not know it at the time but they were about to fall off my credit repot as i had also not paid a dime and a collection agency that worked for dept edu started calling me. They walked me through the steps to consolidate the loans and now have the 7 defualted loans consolidated into one good loan that i am paying on to rebuild credit. I have now noticed on my reports that this agency was doing inquiries right before the loans were to fall off my report. I thought i was ruined after defaulting, and i was running from dealing with the whole process. This is one instance that a CA actually helped. The consolidation was good at a fixed rate of 5%. So i would contact the student loan office or you can check them out online just put direct loans into google and its the first hit. Good luck, Jethro
  9. Hey guys, I just tried to find the Coppola v. Arrow Financial Services case and i could only find the information on the ruling for the motion to compel. It basically summend up the whole discovery process and the ruling made arrow provide a bunch of documents and contract mush like we request in our validation letters. But this is in the process of discovery, this is after a lawsuit has been filed. So this validation process has been upheld during discovery, but what about the initial response to a validation letter by a CA. It looks pretty straight forward to me that initially that don't have to provide us with very much. Just reading an article about the FDCPA and found this, "The Fourth Circuit has held that "verification of a debt involves nothing more than the debt collector confirming in writing that the amount being demanded is what the creditor is claiming is owed; the debt collector is not required to keep detailed files of the alleged debt." Chaudhry v. Gallerizzo, 174 F.3d 394 (4th Cir. 1999); Stonehart v. Rosenthal, 01 Civ. 651, 2001 WL 910771 (S.D.N.Y., Aug. 13, 2001). Section 1692g© Does anyone know of a similar statement about Coppala vs Arrow that nullifies the above statement? So is this not relevant. This confues me and makes me feel like a judge could be swayed either way if i cited one case and the CA cited another like this which seems like a stronger case. This case is not refering to the discovery process like Copalla vs Arrow. Well what do you guys think?
  10. Sorry i did not repy sooner with thanks, but i have been investigating the cases both of you have refered me to. Get me going on this stuff and look out! Gdouglaslee thanks a million for taking the time to write the response letter . I guess i was still a bit nervous feeling like i'm on somewhat shaky ground, but the more i have investigated the cases both of you refered me to the better i feel. I am still disappointed with the vague definition of validation by the FCRA. Even the The Wollman letter seems vague to some degree, though it does state that a computer printout is not proper validation, but it does not say what is either. The strongest case i have seen so far for backing up my request, and many others, for detailed validation is Johnson v. MBNA. Well i am going to send a similar letter to the one recommended by Gdouglaslee we will see what happens. If anyone else knows of other cases or documents that back up our requests for detailed validation please share. Thanks all, Jethro
  11. Hi all, Sent a validation letter to a medical collector (Gold Key Credit) in regards to about 9 medical collections they are reporting to the CRA's. I received the response below about four days later. It brings up serious questions in my mind about the damands requested in the sample validation letters. According to this response and the laws and cases cited it sounds like a computer print out with the name and address of the original creditor is proper validation. I have never seen any mention that the collector is required to provide copies of the original contract which bears my signature, or any agreement the creditor has with the OC. Hope I'm wrong about this and somone can point out something that backs up the demands in the sample validation letters. Well here is the response i received. Dear Jethro, I am in reciept of your letter dated April 12, 2004 and post marked April 12, 2004 regarding the matter above refrenced. I have enclosed for your review a copy of the itemized bills for your account together with a copy of 15 U.S.C. 1692g. Contrary to the generalizations contained in you correspondence, there are no provisions that we disclose proprietary information to you. The itmeized bills provided meets the requirements of validation as outlined in the language contained in the aforementioned statute. This is also supported in the findings of the U.S. District Court is Stoneheart v. Rosenthal, No. 1 Civ. 652 (SAS), 2001 WL 910771 (S.D.N.Y. Aug. 13, 2001): "An account statement which consisted of a computer printout listing services provided, the dates on which the charges were incurred and the amounts debts incurred for each date of service, adequately met the requirements of 809( of the FDCPA." You have been provided an identical copy of the information furnished us by our client and the original provider. We are not required to prove the legitimacy of our relationship with out client, only the legitimacy of the debt owed. Furthermore, verification does not entail providing copies of signed documents/contracts as such documents do not provide an adequate accounting of a debt as is required by the statute. This debt having been properly validated is considered a due and owing collection debt as reported to credit reporting agencies. Any further dispute will be considered frivilous in accordance with 15 U.S.C. 1681i(a)(3)(A), which states: (3) Determination that dispute is frivolous or irrelevent (A)In general Notwithstanding paragraph (1), a consumer reporting agency may terminate a reinvestigation of information disputed by a consumer under that paragraph if the agency reasonably determines that the dispute by the consumer is frivolous or irrelevant, including by reason of a failure by a consumer to provide sufficient information to investigate the disputed information. Your promt attention to this matter is required. Please contact me at the number above ext. 103 if you have any questions, comments, or concerns, until then i remain, Sincerly Risk Manager Well what gives. Have they validated this debt? They sent me statements on their letterhead with details of the dates and amounts for services rendered with the name and address of the original OC. It sounds like this is all that is required for proper validation? Thanks in advance for any help, Jethro
  12. jethro

    I can't win

    At one time i went through CCCS. They were able to stop all intrest on all my credit card and loan accounts while i paid all the balances off. It worked well for me then and helped my credit rating, though i have read negative things about the process. I would try to do the same thing, negotiate with the CC companies, without CCCS, to stop intrest charges while you pay down the balances. Seems like everything CCCS does you can do yourself and a better job at that, once you have the knowledge and tools which this board provides.
  13. Hello everyone- Thanks to all who post on this board as i have learned a lot in a very short time. I have been running from all this debt for so long and it has made me feel like kaka. I feel very empowered facing up to it now, thanks to the info and support supplied on this board. I have just gotten my reports from the three bureaus and was going to start disputing via certified mail, but found out i could dispute online. I went ahead and did this for the convience factor and money saved on certified letters, but wonder if it is as effective as a certified letter. Anyone have an opinion? Was thinking that it might hurt as i do not have green cards as proof and evidence if i ever wanted to challenge the bureau in a legal context. Also preparing to send validation letter to CA's. Most of my collections have not past the SOL. Do i risk receiving a summons if i DV all these CA's when the SOL is not up?