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Paid/Unpaid Collection Accts: DV?


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Here's the scoop:

I'm new to this board, so I'd like to start off by saying hello to everyone that reads this. I'm glad to be apart of the team and I look forward to contributing some of my knowledge to future topics. In doing a little Google'ing, I found this website and couldn't be more enthused. I was happy to see that I'm not the only one in these shark infested waters we call the fico system. But moreover it seems like everyone has had some success in improving their credit and I'm hoping to do the same.

Let me start off with a little background; my oldest credit account is an individual charge card with a small credit line that is two years old. Following that is another store card that's a joint account with a huge credit line but is only a year and a half old. Obviously, the huge credit line is thanks to my girlfriend who's always paid close attention to her credit (go figure). Immediately following the second account I financed a brand new car for 25,000 and thought I couldn't be in better shape. I wasn't ready for all the events that proceeded that.

I lost my job and managed to make three more payments before having to sell the car back to the dealership. In the midst of needing things like food, shelter and other household items, I opened 7 unsecured accounts around the same time period of about a month. Needless to say, I didn't recover for a long time until recently. An OC contacted me with a request to settle the account and I did. I paid exactly what I owed them before all the interest and fees kicked in. I did the same for 3 other CA's and thought I was doing fantastic. Then I came across this board and it completely changed my view on the matter.

To put things in perspective, my accounts were all charged off about 2-4 months ago but far from the SOL deadline. My credit report is reporting my accounts under the name of the OC, except one. I'm told by the CA's of those accounts that they're settlement offers are 60% and will report "SIF", once they're paid. I never even requested settlement proposals and I've come to realize that having a "SIF" status is not the best thing in the world. I'm hoping that the accounts I already settled can be taken off my credit report, should I request a DV? But as for the remaining accounts, should I request a DV to them as well? As for the CRA's, should I dispute the collection accounts on each individual website?

Also, I haven't been able to get my EQ report because I couldn't verify information at login. Does anyone have thoughts on who I need to contact to see what the problem is?

Thanks in advance.

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I'm a little fuzzy on details. Here's a little reading to get started.


If you have any TLs with CAs, DV them. Just follow the DV flowchart. It's a sticky in the DV forum.


DO NOT use any of the DV letters on this forum. Most are of the "nutcase" variety. Something simply works best.

"I recently discovered this account on my credit report, and this is the first I knew of it. Under FDCPA, send me validation that I owe this debt."

DO NOT use the text above verbatim. Alter it a bit. Put it in your own words. Say it aloud and see whether it sounds like you.

DO NOT use any kind of "cease and desist" language. There is no such thing as a limited C&D, and if you use that term then you may force the CA to file suit against you.

Post a few more details on your other accounts. With the CA or OC? CO or COLL? What's the DOFD? When are they scheduled to drop off your CRs?

Also, I haven't been able to get my EQ report because I couldn't verify information at login.

Were you using annualcreditreport.com, a credit monitoring service, or something else?

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