pizzaerick Posted January 31, 2007 Report Share Posted January 31, 2007 Today is day one of my quest.I am a business owner (bet you can't guess the industry!) and have had some huge bumps in the road!MANY of my questions have been answered, but really, it's almost TOO MUCH information!First Question, I have one creditor where the original limit was $600, my reports show the creditor (Sears) as reporting well over $1,000! Anyone dealt with this? The account was closed long ago.Second Question, I THINK I know how to dispute some of the CA's. What I haven't seen is: Is there anything I can do if the same debt is shown 2 or even 3 times on my report? The OC lists it as a charge off, then there are 2 CA reporting on the same account!Third, and possibly most important question... I have seen many sample letters. Most include threats of lawsuits etc. Is that really necessary? My credit is a mix of valid debts, old debts, mistakes, and stuff that belongs to my ex. I want to clean it up, but nasty has never been my style until they decide to be nasty, then watch out!Last, I have seen lots of posts about settling or paying a debt in exchange for deleting it from your CR. What I have NOT seen (and maybe I didn't look hard enough) was how to go about negotiating that... Especially if I don't talk to them on the phone. I have much work to do, and many more questions, so I'll keep searching. Just looking to get a start and some support. Link to comment Share on other sites More sharing options...
pizzaerick Posted February 1, 2007 Author Report Share Posted February 1, 2007 I just gotta add, because it bothers me... As a business owner, I pay out $100,000 every month on accounts. I have paid off loans totaling over $300K in the last few years, and not ONE of those items shows up! Link to comment Share on other sites More sharing options...
SOC Posted February 1, 2007 Report Share Posted February 1, 2007 well, let me kinda help by saying business credit and debts can be different and never show up on your personal reports. But i will address the sue letters.Most of the letters sent to start are just to verify and validate that the debt collector has the right person, and that they have the right to collect the alleged debt.(If i told you i want $1g on behalf of cap one). I would take your money and promise you everything, but it dont mean you still dont cap one. So the first round is the niceness.Then after round one (my experience) very few CA's respond, or fix info. So then its time to get htier attention. I too am a (small bussiness owner), I concider myself as having morals, and these CA's had been relentless to me. I learned set them up quick and hard so they have no choice but to see things my way. Do i like acting like i have no morals. Not really, but face it, we didnt build our companies on handing out money freely to every one with thier hands out. Link to comment Share on other sites More sharing options...
pizzaerick Posted February 7, 2007 Author Report Share Posted February 7, 2007 O.K. I've since found answers to those questions elsewhere.What I am STILL unclear on is thisIf I have a CA after me for a long time, can I still send a DV? I have read hear and there that it must be in the first 30 days. Now most of these I was NOT aware of til I pulled a CR, but does the CA have to respond?Second, I figured out how my ex's collections keep showing on my CR. Example a doctors office has you fill out a form as a "responsible party" on the first visit. They never update, so 10 years later, she doesn't pay... I get dinged. How do I change this pattern? She never pays anything, so this keeps happening! Link to comment Share on other sites More sharing options...
someonesomewhere Posted February 8, 2007 Report Share Posted February 8, 2007 You can always DV a CA. Whether they respond or not is something else. CMRRR is under $5. Worth a try IMHO.If it's your ex's bill acquired after the divorce, then dispute it with the CRA. If they verify it, then DV the doctor's office. Link to comment Share on other sites More sharing options...
gypsie Posted February 8, 2007 Report Share Posted February 8, 2007 O.K. I've since found answers to those questions elsewhere.What I am STILL unclear on is thisIf I have a CA after me for a long time, can I still send a DV? I have read hear and there that it must be in the first 30 days. Now most of these I was NOT aware of til I pulled a CR, but does the CA have to respond?Second, I figured out how my ex's collections keep showing on my CR. Example a doctors office has you fill out a form as a "responsible party" on the first visit. They never update, so 10 years later, she doesn't pay... I get dinged. How do I change this pattern? She never pays anything, so this keeps happening!Go ahead and send the DV- use the "I've never seen this debt before until I pulled my reports", the CA does not have to respond- since it's past the 30 day window- however, the CA does have to list your account as "disputed" on your CR- therefore, you could try the 1-2 punch method (that's often the best way to attempt to get rid of old CAs)Do a search for 1-2 punch, Dive is the expert As far as your ex listing you as a responsible party- IMO, you should ask an attorney- maybe you could get some sort of "release of obligation". Link to comment Share on other sites More sharing options...
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