promo_girl Posted July 7, 2008 Report Share Posted July 7, 2008 Arrow Financial services- I have not DV'd them yet or anything- I got a settlement offer in today for me to pay 30% of the balance- WOW! out of the blue!That is a pretty low offer- what gives? You think I would be better off taking it and if I do-- then should I push my luck by asking for them to delete the TL from my CR?If I don't take the offer and DV them (I am sure they are a JDB)-- I am thinking maybe they are offering such a low settlement b/c they don't have all the documentation they should have..This was for a Pearl Vision line of credit..Any opinions/advice greatly appreciated! Link to comment Share on other sites More sharing options...
Amerikaner83 Posted July 7, 2008 Report Share Posted July 7, 2008 Arrow is a JDB.Is this the fist you've gotten from them? If so, does it have the "unless you dispute the validity of this debt within 30 days...." language anywhere?since they are going that low, I'm thinking it's out of statute. So when is the DOFD (date of first delinquency) on this account they're trying to collect on? Link to comment Share on other sites More sharing options...
promo_girl Posted July 7, 2008 Author Report Share Posted July 7, 2008 SOL would not apply, it is like 2 years old, and WY SOL is like 8 yrs..They have contacted me by letter/mail many times.. I am sure I got my proper "dunning"..They all look the same after a while!(The date of last payment on ALL of my unsecured debt is 10/05. Lost job in 6/05 when my twins were born- gave up on paying anything low priority for living in November/05.) Link to comment Share on other sites More sharing options...
Amerikaner83 Posted July 8, 2008 Report Share Posted July 8, 2008 so then since you're well within SOL, untimely for any DV, and you know this is your debt...I'd say paying their 30% offer is a good thing. You cold always ask for deletion, but they're probably going to want more $ for the deletion. Link to comment Share on other sites More sharing options...
promo_girl Posted July 8, 2008 Author Report Share Posted July 8, 2008 I am just learning of all the ways I can take control of my credit repair and am pretty gung ho about getting stasrted on it all, but I will learn as much as possible first!When you say "timely" in reference to DV'ing-- what exactly does this mean? Does it have to be done within a certain amount of time, even if I have never spoken or communicated with them?What about if another JBD buys a debt.. then is it considered timely as it is DV'ing a whole new CA/JDB, even if the original debt is years old?THanks for the insight!!! Link to comment Share on other sites More sharing options...
Amerikaner83 Posted July 8, 2008 Report Share Posted July 8, 2008 well the "timely" only refers to DVing within 30 days of the initial dunning letter. And if another JDB buys the debt (OR arrow farms it out to a CA), then "timely" would be within 30 days from the letter form the new company. Link to comment Share on other sites More sharing options...
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