Debt Consolidation Forums Credit Repair, Credit Score and Credit Report forums
Thu, 07/31/2008 02:17
I am one of many I am sure who have a pretty gnarlly credit report. A lot of it was due to my own handling of money when i was younger and a TOTAL lack of knowledge about credit and how to check it, build it and keep tabs on it. I have been following the direction of both Bud Hibbs and The credit secrets bible pretty much to the word but still find this all pretty confusing.
I most recently was encouraged to send off a letter of Validation to a Collection Agency (Collect America) in regards to an account. I have yet to receive any word back and am now a little confused on what to do next. The next line of advice given to me was to do nothing until I hear back from them and then tell them "Thanks, but you still have not validated this debt with your company" I really don't want to be in a life long letter ping pong with them, I want to get this item off of my credit report. So how long do I wait to hear back from them? What do I do if I never do? Does that mean I am just stuck with the item on my report? Or do I just hope that if I never hear back that they will do something illegal to my report and I will be able to have deletion from that? Help please!!