Jump to content

C&D Reporting


creditrookie
 Share

Recommended Posts

Did you mean to say a debt validation (DV) letter? If you are talking about whether a CA can update negative TL on your reports after they've received your DV letter (you sent it CMRRR, right?) then no, they are not allowed to update negative info. Nor can the CA add a new negative TL to your reports after receiving your DV letter. It is considered continued collection activity and is prohibited under the FCRA. If you're talking about a TL that was already there when you received the collection letter from the CA, then the CA is required to report to the CRA(s) that the TL is "in dispute" and that should be reflected on your reports.

Link to comment
Share on other sites

Sending a full cease & desist letter (all communication, written or phone) instead of a limited cease & desist letter (phone calls only) isn't always a good idea. A CA might feel that their hands are now tied and that their only recourse is to sue. I believe the "no continued collection activity" only applies when a DV letter has been sent. You've sent a DV letter, right?

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.