RMMC Posted November 13, 2012 Report Share Posted November 13, 2012 I have 3 accounts in Collection from some medical issues I had while unemployed. 2 are with EOS/CCA for a total of $600.The other one is with Wakefield & Assoc., and started at $832, and is now $1053.I have several questions:1. Can Wakefield continue to charge me interest?2. If I do Pay For Deletes, and I don't want to pay the whole amount, (they've been out there for over 3 years) What's a good starting point to negotiate? I know that debt buyers buy the debt at pennies on the dollar, so if I offered them 25% for a pay for delete, is that too low, a good start, a joke? 3. Do I need to pay the full amount?Any thoughts, suggestions would be appreciated? Link to comment Share on other sites More sharing options...
RMMC Posted November 13, 2012 Author Report Share Posted November 13, 2012 Also... both agencies have verified all 3 accounts through the CRA's during dispute. I'm reading that CA's can't collect interest unless it's allowed for in the original contract. I'm assuming then I need to do a VALIDATION letter to the CA who is charging interest, requesting a copy of the original contract and a breakdown of their interest charges, and how they computed them?Thanks! Link to comment Share on other sites More sharing options...
Amerikaner83 Posted November 13, 2012 Report Share Posted November 13, 2012 The easiest way is to talk to the provider (the OC) and pay them directly instead of paying the CA. If the OC pulls the accounts back from the CA, then the CA accounts won't be on your report any longer Link to comment Share on other sites More sharing options...
RMMC Posted November 13, 2012 Author Report Share Posted November 13, 2012 The easiest way is to talk to the provider (the OC) and pay them directly instead of paying the CA. If the OC pulls the accounts back from the CA, then the CA accounts won't be on your report any longerCan I do a settled for lower payment with the OC, or do I need to pay the full balance? Link to comment Share on other sites More sharing options...
Amerikaner83 Posted November 13, 2012 Report Share Posted November 13, 2012 depends on the OC. Some will, some won't. Regardless, you want a PFD anyhow, no sense in keeping it on your CR, y'know?Or see if you can get a NDA clause in the settlement. This way when you then dispute with the CRAs they can't verify without breaking the NDA. Link to comment Share on other sites More sharing options...
RMMC Posted November 13, 2012 Author Report Share Posted November 13, 2012 depends on the OC. Some will, some won't. Regardless, you want a PFD anyhow, no sense in keeping it on your CR, y'know?Or see if you can get a NDA clause in the settlement. This way when you then dispute with the CRAs they can't verify without breaking the NDA.A non-disclosure agreement? That makes sense, they can't report to the CRA's, and the CRA's can't verify without a violation.Do I need to VALIDATE first, and make sure that the CA's have their "stuff" together? Link to comment Share on other sites More sharing options...
Amerikaner83 Posted November 13, 2012 Report Share Posted November 13, 2012 A non-disclosure agreement? That makes sense, they can't report to the CRA's, and the CRA's can't verify without a violation.Do I need to VALIDATE first, and make sure that the CA's have their "stuff" together? yeah, a nondisclosure agreement. It's basically a "backdoor PFD". If you're outside of the initial 30 day window afforded to you by FDCPA, there's no thing much that a DV letter will do you now, since they wouldn't be required to respond to you, nor would they be required to stop collection efforts. Link to comment Share on other sites More sharing options...
RMMC Posted November 13, 2012 Author Report Share Posted November 13, 2012 yeah, a nondisclosure agreement. It's basically a "backdoor PFD". If you're outside of the initial 30 day window afforded to you by FDCPA, there's no thing much that a DV letter will do you now, since they wouldn't be required to respond to you, nor would they be required to stop collection efforts.Great! Do you have a sample NDA clause that I could make sure gets inserted in any agreement we make? Should I call them, or send them a settlement offer already prepared with the NDA in it, with an offer of like 50% of the debt? Link to comment Share on other sites More sharing options...
Amerikaner83 Posted November 13, 2012 Report Share Posted November 13, 2012 I've got one somewhere, but it's been awhile sicne I used it, I'm not sure where it is. But if you want to search the forums I'm sure it'll turn up...just tweak the wording. It doesn't have to be super complicated either.Read these for an example:http://www.creditinfocenter.com/forums/1129631-post5.htmlhttp://www.creditinfocenter.com/forums/there-lawyer-house/285668-getting-ready-write-dvs-tonight-need-advise.html (good sample wording here)http://www.creditinfocenter.com/forums/there-lawyer-house/285903-could-use-help-proving-pfd-legal.htmlThe above links should give you a pretty good idea Link to comment Share on other sites More sharing options...
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