mountaindews Posted November 19, 2008 Report Share Posted November 19, 2008 I diputed a CRA TL by Porfolio and now I rec. a letter saying ..."verification information is being provided... It says the interest will continue to accrue..I was going to do my 1-2 punch what do I do now that I got this letter? Also when they verified the dispute they said amount was for XXX and now on here they show the principle plus the interest..what should I do about this? Link to comment Share on other sites More sharing options...
admin Posted November 19, 2008 Report Share Posted November 19, 2008 Did you dispute with the CRAs? Link to comment Share on other sites More sharing options...
mountaindews Posted November 19, 2008 Author Report Share Posted November 19, 2008 Yes, I diputed with the CRA's and have got one report back...TU on the 17th. The I got this letter from Portfolio Recovery. It was dated the 14th. I have not heard back from the other two CRA's. I checked the SOL and it has not run out yet. Link to comment Share on other sites More sharing options...
mountaindews Posted November 22, 2008 Author Report Share Posted November 22, 2008 Can any one help with this? See original question thanks so much Link to comment Share on other sites More sharing options...
red1gtrubodsm Posted November 24, 2008 Report Share Posted November 24, 2008 I diputed a CRA TL by Porfolio and now I rec. a letter saying ..."verification information is being provided... It says the interest will continue to accrue..I was going to do my 1-2 punch what do I do now that I got this letter? Also when they verified the dispute they said amount was for XXX and now on here they show the principle plus the interest..what should I do about this?Well, the reason they disclose interst amounts is because in some states its illegal if they dont. example WA is one of those states. Proper "validation" must include how the interst is calculated as well. Might check your states consumer protection laws for more information on what your state requires. Also do an inquiry with your state Dept of Licensing to see if they have a license to collect in your state. Make sure your state required debt collectors to be licensed before that can be leverage though. Link to comment Share on other sites More sharing options...
Recommended Posts