Why do we send dispute letter to debt collectors on our credit reports including a timeline.
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- Опубликовано: 20 июл 2024
- A proper dispute letter is a powerful tool that most debt collectors do NOT handle correctly.
This opens up possibilities for you when the debt collector breaks the law.
Thanks for watching!
John
John G. Watts
Watts & Herring, LLC
Representing consumers across Alabama
205-879-2447
www.alabamaconsumer.com/
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They sell to another Debt Buyer. I Sent a letter to Midland LLC. The Only Response back was Jefferson Capital on My Credit Report with the Debt. That’s how they Operate Also. I finally got them when they Sent me a letter stating they had A Witness who Verified the Sale. My Response was I want a Jury Trial with the Named Witness. They Deleted.
Hello @JohnWatts would appreciate a full dispute letter. Thank you
I’d like to see the full dispute letter please.
Thank you for your videos.
Yes please!
Me too, please, and thank you.
I would love the full letter
Wow, great information. Thank you 🙏
Very welcome!
Thank You for sharing! Your videos are always on point!
Thank you!
I finally looked at my credit reports only to see that Plaintiff marked the accounts as Disputed just before they sued me. I'm playing catch-up now--I want that dratted Purchase Agreement. If I write to Plaintiff now, they have already marked the account as disputed. Thank you for your enduring my comments on every video I see.
Hi,did you write directly to them
I want full letter
Thank you!!! Great video as always!!!
Good deal! I really want to try this method with Portfolio Recovery!
5 months later: so, how did it go with Portfolio?
🔥landed🔥
🔥🔥🔥
Good evening Mr. Watts. I would like access to the full dispute letter.
Very informative and powerful information. Thank you very much John!
Very welcome!
I Know this is an old video but you've always been good about responding. What would you ask for if this debt isn't a credit card but is a debt from an eviction? For example, I don't have an application for credit but I'm hoping the rental application would be the equivalent? And the lease would be the equivalent of the credit card agreement?
I think you are on the right track. SOMETHING created the debt -- and the starting point would be the lease. Then what happened to make them believe you owe money? Missed rent payment? Damaged the unit? I would request that.
Hope that helps!
John
PS -- Here is a link to help you find a consumer lawyer www.consumeradvocates.org/find-an-attorney in your state and also here is a video going over how to use the website ruclips.net/video/UNXO7qheGAc/видео.html. It can get a bit complicated with rental debt so good to talk to a lawyer in your state if you can.
Awesome video...
I was mixing e(8) with the third party communication.
It means...instead of sending a collection letter to the consumer -- furnishing information is a violation. Am I correct?
I think the most important thing is disputing the amount first as you said in the video. Later, it's a good case to sue them for e(8), business law violation, and any state law violation.
debt collectors are trying to re instate old medical debt from me what do i do
Tell me what you mean -- are they collecting a medical debt already paid or they just put it on your credit reports or what is happening? Thanks
John
Three questions, please:
1. Does it make sense in a dispute letter to the credit reporting agencies where the item is marked as disputed to accuse the collector of debt parking , but the collector is not pursuing the claim?
2. Is there an agency to report debt parking violations?
3. Isn't derogatory credit reporting a part of debt collection?
Thank you for all your help!
Thank you John, any way i could a full copy of the letter?
Can you send a dispute letter after the collection company has sent it to an attorney and they have sued. Also what constitutes updating a credit report? I notice in some accounts there is a field that says last updated years ago but each month they are reporting c/o
Did I understand you correctly to the say that if the credit report has a notation of the account being in dispute that simply by having that dispute notation it nullifies any negative effect in the credit score modeling
And a fourth question (sorry):
Should a copy of the dispute letter be sent to the credit reporting agencies as addenda to the dispute?
Thanks again.
Does metro 2 reporting falls for original creditor? What if they update instead of deleting
Metro 2 is the industry standard for reporting any type of account on a credit report. Different rules under Metro 2 for different types of accounts and it does cover original creditors.
When you say "update instead of deleting" are you talking about a debt collector or original creditor?
Thanks
John Watts
@@johngwatts both instead of deleting they just go ahead and update and report for those months but than stop again.
👍
I live in Alabama.
If someone like Portfolio is trying to collect an old debt - beyond the 3 years statute of limitations - should that be included in the initial letter?
I have sent them letters before telling them they are reporting an uncollectable debt but it’s still there.
I feel I need to start over and stick to a plan to get it removed.
Also at what point do you address the “aged off” uncollectible issue with reporting agencies?
Thanks again and Merry Christmas 🎄
Reach out to me at www.alabamaconsumer.com/contact-us/
and I can help you directly since you are in AL.
Thanks!
John
What is the impact if any when the Credit Report says - Consumer Disputes - Meets FRCA Requirements..."
Kenneth -- good question. I tend to leave those alone as long as they say "disputes" or "disputed" -- even if says FCRA. Now if it says dispute resolved (that's a Metro 2 code that triggers this) then I would sue under 1692e(8) if I had disputed directly with the debt collector. FDCPA doesn't say anything about dispute resolved and frankly the FCRA does not either....
@@johngwatts thank you for your response...
@@johngwatts NCB is reporting that "consumer disputed--dispute resolved" when that's false. NO dispute had been "resolved". Clearly, the collection agency wants to tank my credit score as extortion. Looks like I have a suit under 1692e(8).
Good morning Sir' I have a few questions Mr. John Watts...by the way Thank you for your terrific insight in helping people who are dealing with these debt collectors👍👍👍🙏I pulled my credit report soon as I found out I was being sued by portfolio. Found out that portfolio recovery has two more accounts on my credit report...Is this legal?!!! Are they doing something illegal?!!! Fdpca wise?!!!Going to court tomorrow with portfolio. Killeen Texas. Any insight would be Greatly appreciated in the matter!!! Thank you again. Keep the videos coming to shed light on these debt collectors.🙏 .Mr.R.
How did you make out at court?
I have four accounts open with one collector, should I send each letter separate and certified or can I send all four letters, one for each account in 1 certified package?
I personally just send one letter by certified mail and explain disputing any and all accounts with them. Hope that helps!
John
@@johngwatts great thank you!!
Do you advise sending a Debt Validation letter to Midland, Portfolio Recovery, Resurgent.
We do in my firm. Now you do have to use judgment on the debt, how its reporting, how close you are to the statute of limitations etc but in general the companies you mentioned make up 80% of our dispute letters. :)
You Sir are God Sent & a Rock Star. I do credit repair and I’ve truly learned a lot from you and your videos. You have no idea the impact you have on myself and others who do this whether it be part time, full time, or just for knowledge. I truly appreciate you.
Hey John! For Alabama - I researched where SOL is 6 years but for credit card debt it's 3 years (According to 6-2-37) - are both of those correct? I have 2 CC accounts out of SOL if that is indeed true and want to know how to dispute this.
Lawsuits (SOL) are different than credit reports for how long they can stay on.
www.alabamaconsumerlawblog.com/what_is_the_statute_of_limitat/
Yes, Alabama has THE BEST statute of limitations! Credit card: 3 years. Mortgage debt: 6 years. Auto loan: 4 years. State tax debt: 10 years.