Validating credit card
She should identify the inaccurate information, explain why it is is wrong, provide any supporting documentation and state that it should be removed.
“A copy of the same letter should be sent to the debt collector(s) via confirmed delivery,” he says.
If you want to see if you’re being affected by these “double jeopardy” tradelines, you should first pull your free annual credit reports at Annual Credit and you can also check your credit scores for free on to get a better idea of how to rebuild your scores.
Four consumer law attorneys with expertise in credit reporting and debt collection issues weighed in with advice for Trish, and for consumers with similar problems.
This person usually has the authority to provide information and/or resolve your problem.
Then you can either resolve your debt with the original creditor if they still own the debt or contact the collection agency that the debt was sold to.
Trish told me that she has requested verification of the debt from some of the collectors and received confusing information.
“The letter does not have to be fancy or detailed but must state that the individual disputes the debt,” he says.“My first suggestion would be to send validation letters (via certified mail or other confirmation delivery method) to each one of the debt collectors on her credit report asking them to identify the original creditor, current owner of the account, current balance and date of last payment,” says Jason M. Under the Fair Debt Collection Practices Act, debt collectors must send the consumer a written notice of the debt within 5 days of initial contact with you, adds William Howard, founder and managing partner of the consumer protection division at Morgan & Morgan.Then, the consumer has thirty days to request verification of the debt.It’s bad enough when you can’t pay a debt and you know that it’s going to damage your credit for years to come.But what about when a single debt multiplies, turning into two, three or even more negative items on your credit reports?