mwally007 Posted April 26, 2007 Report Share Posted April 26, 2007 So I've sent two different letters (Certified) to the CA with no luck. No response at all. I have only received contact from this CA once when they sent me a PFD letter. That's when I immediately sent the DV letters.So then I sent disputes to all the CRA's and EX came back verified, one was deleted, the other I have yet to hear from.What do I do now? Do I sue? The remaining two are being reported as disputed, so there's no violation there. The company is Performance Capital Management (they now OWN the debt). Link to comment Share on other sites More sharing options...
gypsie Posted April 26, 2007 Report Share Posted April 26, 2007 So then I sent disputes to all the CRA's and EX came back verified, one was deleted, the other I have yet to hear from.What do I do now? Do I sue? The remaining two are being reported as disputed, so there's no violation there. The company is Performance Capital Management (they now OWN the debt).I'm confused. You received an initial communication from CA, send a DV- which the CA has not responded to yet, you disputed with the CRAs..... what are your TLs showing?...... you've listed verified, deleted and disputed.... which is it? Link to comment Share on other sites More sharing options...
mwally007 Posted April 26, 2007 Author Report Share Posted April 26, 2007 You're right, it is confusing. I'll try to better explain:CRA's: Disputed: EX-Verified, EQ-Deleted, TU-NothingCA: No response to DV letters. The first/only communication was a PFD. DV was sent within a day of receiving the PFD.CA is reporting only that debt is disputed.Hope that helps! Link to comment Share on other sites More sharing options...
gypsie Posted April 27, 2007 Report Share Posted April 27, 2007 Unfortunely, the CA is doing right by reporting the debt is "disputed" to the CRAs. And, the CA can take as long as they want to respond to your DV as long as they keep the listing "disputed" in all 3 of your credit reports.You may have to send them an ITS letter in order to force some sort of action. Since they haven't responded to your DVs, then it's likely they don't have any proof that the debt is yours. Link to comment Share on other sites More sharing options...
pinkeysas Posted April 27, 2007 Report Share Posted April 27, 2007 I have only received contact from this CA once when they sent me a PFD letterTHe CA sent YOU a PFD letter? Link to comment Share on other sites More sharing options...
gypsie Posted April 27, 2007 Report Share Posted April 27, 2007 THe CA sent YOU a PFD letter?Unusual- isn't it? Link to comment Share on other sites More sharing options...
merkurfan Posted April 27, 2007 Report Share Posted April 27, 2007 Unusual- isn't it?I think the CA's are on to us. On older accounts they know it is not in our best interests to pay them and restart the 7 year reporting clock. Since $$ is their motivation, not destroying your credit after you pay. I suspect we might see more PFD's in the future. Just read the fine print, the very fine print, and the super fine print on their pfd. I don't trust a CA and I just know they hid a weasel out in the print somewhere. Link to comment Share on other sites More sharing options...
xtiger Posted April 27, 2007 Report Share Posted April 27, 2007 THe CA sent YOU a PFD letter?Excuse my ignorance......What is an PFD letter? Thanks! Link to comment Share on other sites More sharing options...
malcolmkms Posted April 27, 2007 Report Share Posted April 27, 2007 Excuse my ignorance......What is an PFD letter? Thanks!Pay For Deletion, below you will find a link for abbreviations. This may help out in the future.http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=247970 Link to comment Share on other sites More sharing options...
xtiger Posted April 27, 2007 Report Share Posted April 27, 2007 Pay For Deletion, below you will find a link for abbreviations. This may help out in the future.http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=247970THANKYOU! Link to comment Share on other sites More sharing options...
MissSilence Posted April 28, 2007 Report Share Posted April 28, 2007 I think the CA's are on to us. On older accounts they know it is not in our best interests to pay them and restart the 7 year reporting clock. I dont think you can restart the reporting clock........maybe the SOL for your state but the reporting clock starts from the DOFD Link to comment Share on other sites More sharing options...
gypsie Posted April 28, 2007 Report Share Posted April 28, 2007 I dont think you can restart the reporting clock........maybe the SOL for your state but the reporting clock starts from the DOFDCorrect- you can NOT restart the reporting clock. You can restart the SOL clock by making a partial payment or even agreeing to make a payment in some states, on a debt that is in collections. Link to comment Share on other sites More sharing options...
Macwench Posted April 28, 2007 Report Share Posted April 28, 2007 So it sounds like it would benefit the CA to PFD because once you have made that payment - which is usually a partial of what you owe - you have restarted the SOL and made it a collectable debt so they can resell the portion you didn't pay. I'd make my own PFD back at 'em that included whatever language needed to protect yourself from liability on whatever portion that was not paid. Link to comment Share on other sites More sharing options...
merkurfan Posted April 28, 2007 Report Share Posted April 28, 2007 Correct- you can NOT restart the reporting clock. You can restart the SOL clock by making a partial payment or even agreeing to make a payment in some states, on a debt that is in collections.Not saying I would do this. But if I had a unpaid open CA account that was 6 months from the 7 year limit. And I paid them. This would not restart the reporting clock and it would still drop off in 6 months??? Link to comment Share on other sites More sharing options...
sjcraw Posted April 29, 2007 Report Share Posted April 29, 2007 THANKYOU!I have gotten one from a CA also, but heck they wanted $5.000 smackaroos. in which I don't have. Sjcraw Link to comment Share on other sites More sharing options...
divemedic Posted April 29, 2007 Report Share Posted April 29, 2007 Unfortunely, the CA is doing right by reporting the debt is "disputed" to the CRAs. And, the CA can take as long as they want to respond to your DV as long as they keep the listing "disputed" in all 3 of your credit reports.Not true- if you have sent a timely DV to a CA, they must cease ALL collection activity. That includes verifying TL's that are disputed, since reporting IS collection activity. That is the essence of the 1-2 punch. Link to comment Share on other sites More sharing options...
gypsie Posted April 29, 2007 Report Share Posted April 29, 2007 Not true- if you have sent a timely DV to a CA, they must cease ALL collection activity. That includes verifying TL's that are disputed, since reporting IS collection activity. That is the essence of the 1-2 punch.opps,... the "KEY" word being TIMELY Link to comment Share on other sites More sharing options...
Recommended Posts