Debt Consolidation Forums Credit Repair, Credit Score and Credit Report forums

Credit Report Question...COllection Lowers Score

member profile picture
Posts: 29
Credits: 1237.2
[Donate]

I have a collection filed by Arrow Financial on two of the 3 agencies that lowered my scores stoutly.
I used the debt verification letter as suggested by Cajun with the CA whn I goit the initial Letter. The CA had already sent info to CA before I sent out Debt Verification request SO I did not have the 30 days???

The CA (arrow) ahas sent back al etter saying they wil cease and desist any collection effort until such time as the comply with legal requiremnt for debt verification to me in writing as I requested. I have this letter, MY cert letter copy and the receipt from the cert letter ( signed) Is thsi enough to get the collection removed by the bureaus.. BY the way the dat has now been exceeded by 90 days on the verification request.




They have to the end of the world to validate this debt.You will want to do a dispute with the credit bureau now. If they verify their trade line without providing validation,they have violated law.You can use these violations to force them off your report.Send everything written certified return receipt mail.You will want a good paper trail.

Sub: #1 posted on Thu, 10/04/2007 - 17:10

cajunbulldog cajunbulldog
Moderators
(Posts: 4859 | Credits: 425)

CAjun,

They have yet to validate but are updating trade line. Any suggestions on letting them feel the pressure of failure to handle this properly?

Sub: #2 posted on Mon, 07/28/2008 - 23:18

muddydekes muddydekes

(Posts: 29 | Credits: 12.37)

Does the Tradeline have a notation "Disputed by Consumer - Meets FCRA Requirements"?

Sub: #3 posted on Tue, 07/29/2008 - 00:10

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4665 | Credits: 308.23)

Does the Tradeline have a notation "Disputed by Consumer - Meets FCRA Requirements"?

Sub: #4 posted on Tue, 07/29/2008 - 00:10

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4665 | Credits: 308.23)

This Collection on debt to: Hsbc Card Services Iii Inc
The collection agency "Arrow Financial Servic" was hired to collect a debt of $1,256 originally owed to "Hsbc Card Services Iii Inc" on

Collection agency [?] Arrow Financial Servic
Original balance [?] $1,256
Current balance [?] $1,585
Status [?] Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's internal collection department
Date assigned [?] May 10, 2007
Date reported [?] Not Reported
Date last active [?] Not Reported
Date paid [?] Not Reported
Date closed [?] Not Reported
Original lender [?] Hsbc Card Services Iii Inc
Account number [?] XXXX2373
Type of account [?] Unknown
Account holder [?] Not Reported
Type of credit [?] Not Reported
Payment status [?] Not Reported
Largest past balance [?] Not Reported
Amount past due [?] Not Reported
Account descriptions [?] Not Reported

Sub: #5 posted on Tue, 07/29/2008 - 00:21

muddydekes muddydekes

(Posts: 29 | Credits: 12.37)

this is what it shows....various based on cra

Sub: #6 posted on Tue, 07/29/2008 - 00:22

muddydekes muddydekes

(Posts: 29 | Credits: 12.37)

Hope this is no mor ethan you needed

Sub: #7 posted on Tue, 07/29/2008 - 00:32

muddydekes muddydekes

(Posts: 29 | Credits: 12.37)

Dispute the acct's with the CRA's. Arrow is in violation by not reporting the TL as in dispute. The CRA's will add that notation to the TL.

Sub: #8 posted on Tue, 07/29/2008 - 01:01

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4665 | Credits: 308.23)

If they (Arrow)have not validated to me do they have to remove from cra?

Sub: #9 posted on Tue, 07/29/2008 - 01:02

muddydekes muddydekes

(Posts: 29 | Credits: 12.37)

They do not have to remove the TL but the must notate that it is in dispute. Since they have not added the notation and your DV was timely, I would try that approach and maybe you can score a delete.

Sub: #10 posted on Tue, 07/29/2008 - 01:12

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4665 | Credits: 308.23)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 0.794 seconds.