Jump to content

Cap One reporting, NCO not, but sending letters


Recommended Posts

My DH has a Cap One account that is due to fall off his reports 09/08. It is, obviously, a negative tl (charge off) on his reports. Just recently he began receiving letters from NCO and but he has not replied since it is past the SOL by over 2 years. There is a hard pull back in 06/07 by NCO but no tl by them.

My question is, do I just let NCO lie and do nothing or do I send a FOAD SOL letter. I'm afraid if we do then it will pop up on his report and then he'll have 2 tl's for the same collection. It's like waking a sleeping giant. I feel like I just need to be concerned with what is already being reported.

I have sent off the dispute letters for my reports and am in the middle of working on his. I'm tempted to see how my efforts worked before sending his. We each have 7-8 items to remove and when I read about others who've removed 20+ I think that maybe there is hope for us! I just don't want to cause any more damage in the interim.

Link to comment
Share on other sites

MadMonkey has this letter in his Newbie sticky. Is something to this effect okay? I will obviously make the letter personal to our situation.

To Whom it may concern,

This letter is in response to your collection letter dated__________ a copy of which is attached.

I do not believe I owe what you say I owe therefore I dispute this debt. I am well aware of my rights under the Fair Debt Collection Practices Act (FDCPA) and the laws concerning credit collections in the (your state) . I hope to save both of us a great deal of time by letting you know that not only do I dispute the validity of this debt, I have also checked with my State Attorney General and verified that the Statute of Limitations for enforcing this type of debt through the courts in (your state) has expired.

This letter is your formal notification that I consider this matter closed and demand that you, or anyone affiliated with your company, stop contacting me regarding this or any other matter except to advise me that your debt collection efforts are being terminated or that you or the creditor are taking specific actions allowed by the FDCPA or my state laws. This also goes to include the assignment and/or sale of this assumed debt to any other party. Any further verification, notification and or communication must be delivered to me by United States Postal Service.

Furthermore, I do not give permission to (collection agency name or original creditor) and/or there client (additional names), and/or any other affiliates associated with (collection or creditor) to update, to check, edit, and/or adjust my personal credit information on Experian, Trans Union or Equifax, and/or access my social security number for any purpose other then to remove negative trade lines.

Be advised that I consider any contact not in accordance with the Fair Debt Collection Practices Act a serious violation of the law and will immediately report any violations to my State Attorney General, to the Federal Trade Commission and, if necessary, take whatever legal action is necessary to protect myself.




Link to comment
Share on other sites

This topic is now closed to further replies.

  • 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.