Lisa71 Posted July 16, 2005 Report Share Posted July 16, 2005 I have this negative, it is for 13 dollars and it is only on my Experian report. It is for a company that is listed two other times but it is being collected by a different company than the other 2.They sent me a letter after my dispute with experian and it basically says if I am disputing the account send it in writting and they will verify or remove and if I pay they will have it reflect paid in full. so, my question is should I challenge anyway. And should I send it certified mail as well or just fax it.BTW I send out 2 certified letters for 3 accounts and I feel so good about it, I hope it works out. I did not sign the letters, I believe I read that here before, just wanted to confirm I read correctly. Link to comment Share on other sites More sharing options...
valdor125 Posted July 16, 2005 Report Share Posted July 16, 2005 Well, I can't speak for everyone, but I am of the mindset that you should challenge everything. The fact that it is only thirteen dollars can be a comfort IF you do have ot pay it, but the real issue here is how it is affecting your credit score. Even if they update it to show being paid in full it will still look like a negative to a potential lender, so I would challenge it and try to have it removed completely whether or not you decide to just pay it. Link to comment Share on other sites More sharing options...
Lisa71 Posted July 16, 2005 Author Report Share Posted July 16, 2005 I am thinking of just faxing them the letter, they don't have their fax number on the form but I did find it online. My fax machine has on the confirmation sheet, the entire first page (shrunk of course), so my letter will be on it. I think that this might work at least with this company and since I it is the first dispute asking them to validate and if I get no response, I can go the certified letter route. Link to comment Share on other sites More sharing options...
Lisa71 Posted July 16, 2005 Author Report Share Posted July 16, 2005 Also, it states that the 13 dollars is for interest and my principal is zero, are they allowed to charge me interest? Link to comment Share on other sites More sharing options...
codename_fortyseven Posted July 16, 2005 Report Share Posted July 16, 2005 Send the dispute letters CMRRR. Questions I'd be asking:If it is for interest only, what the heck happened to the principal???How did they compute this interest? Does the agreement/state law allow for this? Link to comment Share on other sites More sharing options...
Lisa71 Posted July 16, 2005 Author Report Share Posted July 16, 2005 If it is for interest only, what the heck happened to the principal??? How did they compute this interest? I was asking myself those questions,lol.I figured I should probably send CMRRR but I was thinking for 13 dollars? but it is the PRINCIPAL of the whole thing, so I will do it ASAP, thank you. Link to comment Share on other sites More sharing options...
codename_fortyseven Posted July 16, 2005 Report Share Posted July 16, 2005 well, at the end of this, I'd be suing for 1k, so it still makes mathematical sense Link to comment Share on other sites More sharing options...
Lisa71 Posted July 16, 2005 Author Report Share Posted July 16, 2005 Absolutely mathematics happens to be my favorite subject! I expect that I soon maybe asking questions on how to do just that too. Link to comment Share on other sites More sharing options...
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