Newbie Question about proper DV

[vickinicole]

I am reading through the "where to start for Newbies" section AGAIN

and still unclear on little things here and there,

My Question:

Do I send the "combination DV and SOL letter" to the CR and CA but not an OC?

[lovebug5]

I am reading through the "where to start for Newbies" section AGAIN

and still unclear on little things here and there,

My Question:

Do I send the "combination DV and SOL letter" to the CR and CA but not an OC?

It's important to remember that DV'ing doesn't apply to OC's or CRA's. They aren't governed by the FDCPA, therefore they aren't bound to any of it's regulations.

[vickinicole]

It's important to remember that DV'ing doesn't apply to OC's or CRA's. They aren't governed by the FDCPA, therefore they aren't bound to any of it's regulations.

So I should not send my DV letter to the CRA either? Just the CA?

[lovebug5]

So I should not send my DV letter to the CRA either? Just the CA?

With the DV process, you dispute the account with the CRA and send out the DV letter at the same time. The point of the DV process is to create a paper trail with the CA and/or have them cease their collection activity.

[vickinicole]

With the DV process, you dispute the account with the CRA and send out the DV letter at the same time. The point of the DV process is to create a paper trail with the CA and/or have them cease their collection activity.

ahh thank you very much for explaining this. I have been a little foggy on this aspect even though I've read through several threads discussing DV.

[lovebug5]

ahh thank you very much for explaining this. I have been a little foggy on this aspect even though I've read through several threads discussing DV.

No problem! It's very easy to get pretty confused when just starting out with your credit repair process.

Pretty soon you'll be one of the resident experts!

[ShortBus]

You send a DV letter to a CA and a dispute letter to the CRA. The DV process is a right under the FDCPA and the dispute process is a right under the FCRA. They both have the same purpose but approach it from different angles. Read up on the "one-two punch" for a more detailed explanation.

I would also recommend that you take the time to read and understand the actual text of both the FDCPA and the FCRA. Until you do that, you won't fully understand what your rights are and will just have to trust what people tell you (as well-intentioned as they generally are though). I firmly believe that this separates the newbies from the veterans here moreso than post count.

[vickinicole]

You send a DV letter to a CA and a dispute letter to the CRA. The DV process is a right under the FDCPA and the dispute process is a right under the FCRA. They both have the same purpose but approach it from different angles. Read up on the "one-two punch" for a more detailed explanation.

I would also recommend that you take the time to read and understand the actual text of both the FDCPA and the FCRA. Until you do that, you won't fully understand what your rights are and will just have to trust what people tell you (as well-intentioned as they generally are though). I firmly believe that this separates the newbies from the veterans here moreso than post count.

Thank you as well.

I am currently re-writing the repair process for myself so that I better understand the process. I am currently in college and the way I study my text is to rewrite it or take notes and put it into my own words, it helps my understanding immensely. So I decided to try that with this as well.

[lovebug5]

Thank you as well.

I am currently re-writing the repair process for myself so that I better understand the process. I am currently in college and the way I study my text is to rewrite it or take notes and put it into my own words, it helps my understanding immensely. So I decided to try that with this as well.

I did that too.

I spent a good amount of time compiling information from the forums and then re-wrote the primers with even more applicable information. It's a good method...And when you have more time, try doing it with the FCRA and FDCPA too!