I assure you every company will reply back, and nothing will be removed...trust me. in addition, all the companies have to do is just verify 1 piece of information I.E. address, birthdate, anything and they have proved the debt is valid...not fair but true. these companies don't plat by the rules or the laws and NO ONE will do anything about it....they don't care!!
Professional outstanding work and always keeps you updated, there's a humble man name Royson He is very kind and He detailed everything of what their working with I recommend anyone that has troubles with their credit file to contact them and they will sort your credit. ‘Royson@creditmasterfixllc.com' for more information.
When I send an update letter of my name and address to the credit bureaus, should I freeze my account at the same time or wait until the information is updated?
What if there is a chapter 13 that you did not go through with and it says "dismissed" but it is still there and of course a negative to your credit report?
According to the credit bureaus themselves, a collection agency can legally report to your credit file. www.experian.com/blogs/ask-experian/can-a-collection-agency-legally-put-their-account-on-my-credit-report/
Why negotiate terms at all? If they claim that Jon Doe owes them $1000. Send them a notarized affidavit renegotiating the terms of the contract. Send it off with a $50-$100 Postal Money Order for Settlement of all claims. If they cash that Money order it's over. They have Accepted your offer. Send it certified return receipt. Better yet Send it Registered (Registered = $25k insurance policy).
So in the Fair Debt Collection Practice Act book, 809.[ 15 U.S.C. 1692g ] section C. The failure of a consumer to dispute the validity of a debt under this section may not be construed by any court as an admission of liability by the consumer. So that does mean the not responding in 30 means it’s yours?
So this is my situation: I've had a charge off for two yrs now. And on my credit report it says: Date opened: 3/13/2019 Last payment made:1/3/2020 But infact my last payment was 2/18/20 .I even have proof according to my bank statement. Is this considered a discrepancy and can be used to delete from my credit report??
My wife got the house after we divorced. She was supposed to refinance but hasn’t and has multiple late pays. I’m going to follow the instructions in this video. Is there anything else I can do?
That sucks, as long as your name remains on the loan, you are still technically liable for payments. The first step is to get your name off that loan so you no longer need to worry about her making payments on time or not. I would contact your divorce lawyer as you may be able to file an action for partition. Most divorces might specify who gets the house, but them getting the house is usually contingent on them staying current on the loan, and then refinancing the property out of your name within XX number of days. Since her getting the house in divorce is contingent on these factors, which she did not uphold her end, an action for partition can be filed which essentially forces the sale of the house which would then remove your name from the loan. Once your off the loan you can then go back and start to work on repairing your credit. But first and foremost you need to get your name off that loan.
How is a collection/chargeoff that has been removed statute of limitations, reappearing as a closed account with current no pay history for the last 3 months?
I have a question. Background: I have a hospital bill that’s been on and off my credit report for over 8yrs now. It’s removed and then gets re-reported by different collections company each time. Question: does the statute of limitations refer to the debt with the original creditor or the new collections company that holds the debt? I live in PA where the limitation is 4yrs. Thank you
14:16 - how do you show proof of payment if you paid with a money order? Thanks so much!!! Definitely absorbing as much info as I can to get this poo off my report. Your videos are a huge source of info! Thank you! :)
Every time a collection agency has called in the past I would block their calls and eventually delete any message they left for me. Eventually, they stopped calling.
ME: "HELLO?" them: "Hi, is this John Doe?" ME: "NO!" them: "Is this John Doe, or do I have the wrong number?" ME: "I DON'T KNOW WHO THAT IS..." them: (click)
I wish I had discovered your channel sooner! I’ve been going through hell dealing with a collection agency that is going after me over a mistake Verizon made on an account that I never opened. I thought the collection agency was going to accept my receipts from Verizon saying that they made a mistake! Oh goodness, now I know I was not only wasting my time, I gave them my info! Thanks for explaining it to me.
My fico was 823 and then I was hit with a medical collection from 2015. I dropped down to 720! I’m suppose to be shopping for a new house. But I’m now fighting my way out of this BS. The icing on the cake is the medical facility is in Kentucky. I’ve never been to f#$&* Kentucky!
@@juniorharlowega1133 I had EVICTIONS, JUDGEMENT and quite a number of other negatives items on my report with a low 400's CREDIT SCORE. These prevented me from getting a montage until I started looking for help. After he finished working on my REPORT in just 7days, my CREDIT SCORE increased to 780, all the negatives items on my REPORT were deleted permanently and he added good trade-lines to boost my credit mix (Mortgage tradelines, installment tradelines and Auto tradelines) on my report, I got the mortgage and that was phenomenal!
i need advice about the next step : a company was reporting different information to the three different bureaus . it told one that it was a charge off and another that it was In good standing . i followed your advice and disputed the item with all three bureaus with proof of the differing information . the bureaus then sent to the company for verification AND THE COMPANY CHANGED THE INFORMATION FOR ALL THREE BUREAUS SO THAT THEY MATCHED. then the company verified with the three bureaus and the item was not removed . Is this illegal ? if it is not then the dispute process is worthless ! the bureaus had written proof of the differing information . should they have deleted based on that and allowed the company to repost if they wanted to?
If the statute of limitations is only 3 years, and you choose to wait it out, can't that debt collector still sell that debt at the end of the 3 years then the cycle starts all over again???
WHAT DO YOU SAY WHEN ON MY EQUIFAX CREDIT REPORT FOR MY CAPITAL ONE AUTO ACCT THAT HAS BEEN CLOSED\ CHARGE OFF BAD DEBT - SINCE SEPT. 2016. THE HIGH CREDIT STATES 19,835.00 MY PAST DUE BALANCE IS 30,190.00. ON MY TWO YEAR PAYMENT HISTORY SAYS THAT MY ACCT. PAYMENTS WERE =FEB 2019 -APRIL 2020 (CO), THEN ON MAY 2020 -AUG 2020 SAYS (OK), SEPT-OCT 2020 SAYS (CO), AND NOV -DEC 2020 SAYS (OK). MY TRANSUNION IS PAYMENT HISTORY IS BLANK. EXPERIAN SAYS FEB 2019-SEPT 2019 (CO), OCTOBER IS BLANK, NOVEMBER 2019-JULY 202O SAYS (C0) AUG 2020 IS BLANK, SEPT 2020-JAN 2021 (CO).. PLEASE HELP!!
what can you do about a debt that was paid and they messed up and put it on your credit.then removed it but still lost points and havent got them back. what kind of letter should i send and should i get one from the company that messed up
What if you never get a letter from the collection company and they already reported the debt to the credit bureau? Also 30 days time frame to dispute the debt- is it related to disputing with the credit bureaus or the collection company itself? Any comments appreciated 😊thank you
So I'm a process server in pinellas county Florida, I pretty much mostly serve collections documents ranging anywhere from $500 up.So I'm a process server in pinellas county Florida, I pretty much mostly serve collections documents ranging anywhere from $500 up. If a person is being sued by a collections company and they manage to avoid getting served Are the courts able to do anything in regards to placing a judgement against them?
Not much help. Have 4 charge off accounts from a bad year in 2018 and can't do anything. Accounts are over 2 years old and paying them off doesn't improve my credit. By the time I could pay off 3 years had passed. I owed on one account $900 and offered them 33% and they refused and would only take 50%. Trying to buy a truck and can't get a loan. What can I do if the other accounts are in charge off but not collections.
You would have to check the terms of service, but most lenders include a clause that says that in cases like this, the lender can choose the choice of venue. Meaning they will pick whichever state is most beneficial to the lender. I've found this website to be very helpful in answering statute of limitations questions. www.incharge.org/understanding-debt/credit-card/what-is-statute-of-limitations-all-50-states/
What about if they don’t agree to remove the charge off , they’re only willing to reduce the debt and show the debt paid in full through a settlement? Should I pay the debt ? Please advise!! Thank you !!
Clicking the link will subscribe you to my TH-cam channel. It's meant to be a light hearted joke, and also a bit of psychological warfare since most people if you tell them not to do something, their first instinct is to want to do that exact thing =)
Advice from a real lawyer: Your chances of being sued on an unpaid debt are uncertain. You may never be sued, but I have seen lots of lawsuits for relatively small debts, starting around $1,000 and up. The collection law firms who represent debt buyers file small claims actions by the tens of thousands, and I believe the attorneys are mostly working on contingency, so the only costs are for filing and service. Small claims filing fees tend to be small. If you are sued by a debt buyer, however, your chances of winning a case are not bad, at least 50/50. Debt buyers often have poor evidence of the assignments by which they claim to have acquired the debt. If you have an attorney, you can stand a good chance of success. Many small claims collection suits end in default judgments. It's better to go to court and, if nothing else, make a settlement. I don't think most debt collectors are going to try to sell your personal property, but if state law allows a wage or bank garnishment, that's what they'll do with a judgment.
They cannot garnish SS SSI or pensions. Cannot garnish UI income either. Furthermore Regulation F just went into effect. They cannot sue or THREATEN to sue on time-barred debts.
Yes Bobby your correct. Also the attorney has to prove they are license in the state to collect a or the debt. If they are not you can countersue them. I have done it. I won the case because they didn't have enough evidence to prove the debt was owed. Which it wasn't.
They have their own lawyers & do sue you. I was sued for 2000 dollars bill. from a debt collector. That was after I tried making payments to them & had to stop, because I couldn't afford to pay them. I had a part time job & they started to garnish my wages. then Covid 19 came & I no longer had the job. It ended. I'm also on Social Security . They can't garnish your Social Security Check. I'm not going to be going back to work, as I'm 70 years old . The job was very part time & I don't even miss the extra money. After they garnished the checks from the job, there was very little of the check left, so I'm not ever going to return to the job .Not worth it.....
Hello fluent in finance! thank you for all of that great information. I follow all the steps you recommend but the original creditor sent me proof and stated they sold the debt to Portofolio Recovery. Since the creditor doesn’t own the debt how do I delete the original creditor from my credit report showing a a charged off. Is that even possible?
I have asked your company to STOP texting me from random numbers asking me to buy your products. STOP TEXTING MY NUMBER!! It is harassment at this point!!
Hi, great information here. Let's say a Debt Collector purchased a debt from Capital One and Debtor was successful with debt validation letter (debt collector failed to provide license, etc.). Is the reporting on the 3 Credit Bureaus inaccurate, when Capital One is listed, even though Debt Collector purchased the debt from Capital One? Can a Charge Off be removed based on wrong Debtor listed? Thank you.
I just a quick question. I have a couple of loans that have been charged off and sent to what the company calls a “in house” collections department and when I tried to get verification (I admit I called & emailed them to request.) they said they are not prohibited by law to send me that verification. What should I do next? Thank you in advance.
I have talked with several of lawyers and you are correct that the creditor has the right to sell or transfer the debit, however, they have to sell it at pennies on the dollar which by law is .31. They usually always get more than one account and on a spreadsheet( The actual paperwork is not transferred) the actual paperwork the consumer signed stays with the creditor and because of that one fact I personally have been to dispute and remove these items successfully and not have any repost and none of the collection agencies have ever been able to collect. This is why I don't totally agree with you. So telling someone that they have to pay on a collection is not completely true to having it removed. Just refer to the FDCA( Fair Debit Collections Act).
That’s exactly what 4 lawyers in my area have said. I was sued in the past for a credit card and the judge ruled in my favor cause the collection agency didn’t have a signed contract.
I never signed a credit card application. So when I asked in court for the “signed contract” they looked at me like WTH are u talking about. Every credit application I’ve done was online. I agreed to the terms and was approved no signature ever requested.
I have a $173 medical bill in collections on my report that I just realized has been on there for 5 and a 1/2 years. Should I should I pay it off and ask them to stop reporting it for a credit boost? Thanks.
NO ! Statute of limitations in most states is 4 yrs. Anyways it will drop off your report in 1.5 more years. Time-barred debts can no longer be sued to get the money. Regulation F went into effect 14 days ago.
This could have been three or four different videos, there’s so much good information in here. The statute of limitations trips up a lot of people-they don’t know that payments can extend it and they confuse it with the time limit for credit reporting. This video does a great job of setting out the accurate information.
@@fluentinfinance3744 HI, FLUENT IN FINANCE, SO I WAS WANDERING........I HAVE A CHARGE OFF FROM VERIZON (......ACTUALLY THIS PHONE ACCT WAS OPENED FRAUDULENTLY WHILE I WAS INCARSERATED BACK IN 2014..) ....ANYWAY, MY QUESTION TO YOU IS THIS: THE ACCT WAS REPORTED AS A COLLECTION ACCT BACK IN OCT 2014----'HOWEVER' VERIZON DIDNT ACTUALLY REPORT IT AS "CHARGED OFF ACCT" UNTIL LIKE MAY OF 2021.....SO IS THE 7 YEARS OF EXPIRATION START FROM OCT OF 2014.......OR DOES IT START FROM MAY OF 2021!!??.................
@@fluentinfinance3744 ONE MORE QUICK QUESTION I RECIEVED A LETTER FROM VERIZON STATING THAT THE FDCRPA LAWS DOES NOT APPLY TO THEM BECAUSE THEY CLAIM: "THEY ARE A CREDITOR COLLECTING ITS OWN DEBT" IS THIS TRUE????--------
Two things, first even if you pay they may not remove the debt from your credit report. Secondly, if you pay it won't that renew the debt on you report and make it seem new again to someone reviewing your report?
Same here and when I asked the collection agency to remove it from my credit report they said they don’t report to the bureau’s the original company does. So I called the original company BOA for example and they said it will remain for seven years. Is it a way to have it removed from my report when the settlement is paid in full? Are u able to give us some advice Fluent in Finance?
@@mikejohn2719 Nutshellforce is a Scam! I paid him for his "services" and he came back asking for more money! I told him I wanted my money back! And he's refusing to pay!! Stay away from this SCAM ARTIST!!
Has anyone had the problem of a marina address being a non-residential address therefore affecting their credit report? My report has a red flag on my address and says I’m high risk because I do not live in a residential address and that it is a Marina. It is affecting getting car insurance and credit cards. I do not have bad credit, I have no credit. I only have one minor incident of backing into someone in my Marina parking lot on my driving record. I’m having a very hard time getting car insurance. Any suggestions? TIA!
I have 3 charge-off accounts on my Experian report, from the original creditor (Banks), reflecting Past due amounts. Any advice from anyone on how to handle/dispute this?
I have a military Starcard and it went to collections. I had $3400 and I talked to the collection agency and I paid $1000 of it. I would have loved to ignore it, but they garnish my military pay as I'm only in the Reserves so I have to pay it. Does anybody have any recommendations as to what my next course of action is to increase my credit rating? Any and all comments are grateful. Thank you!
So when you get a letter from the collection company to validate the account and it comes back incorrect do you send a letter back to them demanding for the account to be deleted or do you send letters to the credit bureaus?
can you dispute closed collections accounts? and where can i find account numbers of these collections account if i dont have any mail ( i moved) for it, and it doesnt show up on credit karma etc.
Your videos have been so helpful! Really appreciate them! I have a question. I want to start disputing and I watched another video of yours just before this one. I called 1 Credit Bureau and they had me verify my name, DOB, SSN, and address. I was okay with this because they already have that information and I wanted to get rid of old and incorrect information. They then asked me to verify my phone number and I declined. They then said they will have to find another way to verify me and tried doing so with asking about my debt history, I also declined to answer and told them I was at risk of identity threat. The lady insisted and so did I so we transferred to the supervisor who was really defensive, and nothing got done. I stood my ground he stood his and told me send my request by mail. Should I have verified my phone number?
Thanks!
1410 thanks very much for that info. I subscribed n 👍 up the videos
I assure you every company will reply back, and nothing will be removed...trust me. in addition, all the companies have to do is just verify 1 piece of information I.E. address, birthdate, anything and they have proved the debt is valid...not fair but true. these companies don't plat by the rules or the laws and NO ONE will do anything about it....they don't care!!
Do you have a company .. That helps with Credit Repair
Thank you for delivering this information so clearly. 🙌 no background music, no bs, just straight up value.
@@wintsonburon4736 yo Highkyhack you’re the man.
Thanks Ben
I have a past landlord saying I owe them money when I know I don’t and it’s only on one of my credit reports. How should I handle this .
My guy with the solid Info again thanks so much
Professional outstanding work and always keeps you updated, there's a humble man name Royson He is very kind and He detailed everything of what their working with I recommend anyone that has troubles with their credit file to contact them and they will sort your credit. ‘Royson@creditmasterfixllc.com' for more information.
@@brettwilson3299 you’re legendary sir and I’ll make sure you’re compensated it’s already starting to work thank you soooooo much
Highkyhack as been so much to me cleaning my hard inquiries, dm 0n tel-egram
@@wintsonburon4736 yo Highkyhack you’re the man.
Thank you for all of your information. I appreciate it.
Hi on my credit report there Is a balance and past due balance. It shows two different colums of balance
When I send an update letter of my name and address to the credit bureaus, should I freeze my account at the same time or wait until the information is updated?
So if they have already verified it, there’s no point In disputing it
What if there is a chapter 13 that you did not go through with and it says "dismissed" but it is still there and of course a negative to your credit report?
What doesn't make sense is they got a tax break but you still owe the money. I was thinking they should send you a 1099
Very helpful to the point. thank you about now about the statues of limitations and 7 1/2 collections/charge off drop off. To the point no fluff.
Great info!!!!!
Y'all need to learn the law, it's illegal for any collection company to file on your credit report.
According to the credit bureaus themselves, a collection agency can legally report to your credit file.
www.experian.com/blogs/ask-experian/can-a-collection-agency-legally-put-their-account-on-my-credit-report/
Very informative!
You got it wrong
I have learned so much from you in two videos, just info I never knew. Thank you
I have a charge off which still shows a balance and NO corresponding collection. How do I remove this?
Why negotiate terms at all? If they claim that Jon Doe owes them $1000. Send them a notarized affidavit renegotiating the terms of the contract. Send it off with a $50-$100 Postal Money Order for Settlement of all claims.
If they cash that Money order it's over. They have Accepted your offer.
Send it certified return receipt.
Better yet Send it Registered (Registered = $25k insurance policy).
so you lose the money if they dont cash the money order?
So in the Fair Debt Collection Practice Act book, 809.[ 15 U.S.C. 1692g ] section C. The failure of a consumer to dispute the validity of a debt under this section may not be construed by any court as an admission of liability by the consumer. So that does mean the not responding in 30 means it’s yours?
Ben love thanks for all this info
So this is my situation: I've had a charge off for two yrs now. And on my credit report it says:
Date opened: 3/13/2019
Last payment made:1/3/2020
But infact my last payment was 2/18/20 .I even have proof according to my bank statement. Is this considered a discrepancy and can be used to delete from my credit report??
But what should the letter looks like?
My wife got the house after we divorced. She was supposed to refinance but hasn’t and has multiple late pays. I’m going to follow the instructions in this video. Is there anything else I can do?
That sucks, as long as your name remains on the loan, you are still technically liable for payments. The first step is to get your name off that loan so you no longer need to worry about her making payments on time or not.
I would contact your divorce lawyer as you may be able to file an action for partition. Most divorces might specify who gets the house, but them getting the house is usually contingent on them staying current on the loan, and then refinancing the property out of your name within XX number of days. Since her getting the house in divorce is contingent on these factors, which she did not uphold her end, an action for partition can be filed which essentially forces the sale of the house which would then remove your name from the loan. Once your off the loan you can then go back and start to work on repairing your credit. But first and foremost you need to get your name off that loan.
@@fluentinfinance3744 message received
Who was your lawyer???? That should have been done before you finalized the divorce!!!!
Do I put a copy of my drivers license in the certified letter to the credit card bureaus?
what if you settle the collection how do you get them deleted? plus the charge off's?
I got all letters disputed in 3days DM 1-9-0-1-4-0-1-0-3-1-6
Make sure in your agreement that they will send a pay to delete letter to you and credit bureaus once you pay them what you agree on
SO another click bait caption on your videos - "Beg" shouldve been it
How is a collection/chargeoff that has been removed statute of limitations, reappearing as a closed account with current no pay history for the last 3 months?
I have a question. Background: I have a hospital bill that’s been on and off my credit report for over 8yrs now. It’s removed and then gets re-reported by different collections company each time. Question: does the statute of limitations refer to the debt with the original creditor or the new collections company that holds the debt? I live in PA where the limitation is 4yrs.
Thank you
14:16 - how do you show proof of payment if you paid with a money order?
Thanks so much!!! Definitely absorbing as much info as I can to get this poo off my report. Your videos are a huge source of info!
Thank you!
:)
Take a photo or scan the money order after you fill it out to the debt collector, keep the stub as well and send it by certified mail.
Certified mail IS NOT PROVE of anything, except you mailed them something. I can mail a page of the supermarket ad and get the letter certified.😮
they can buy, but give it back and original creditor can replace it back on credit report
WOW
Every time a collection agency has called in the past I would block their calls and eventually delete any message they left for me. Eventually, they stopped calling.
Thank you very much for a very informative video!!! I have a question - what do you do about the charge offs? Any chance to remove them?
Thank you for delivering straight information and clearly giving step by step instructions.
ME: "HELLO?"
them: "Hi, is this John Doe?"
ME: "NO!"
them: "Is this John Doe, or do I have the wrong number?"
ME: "I DON'T KNOW WHO THAT IS..."
them: (click)
Yo should also let them know that if you a veteran no retired they can't touch your money. IS THE LAW!
I wish I had discovered your channel sooner! I’ve been going through hell dealing with a collection agency that is going after me over a mistake Verizon made on an account that I never opened. I thought the collection agency was going to accept my receipts from Verizon saying that they made a mistake! Oh goodness, now I know I was not only wasting my time, I gave them my info! Thanks for explaining it to me.
I hate Verizon. They did the same thing to me.
My fico was 823 and then I was hit with a medical collection from 2015. I dropped down to 720! I’m suppose to be shopping for a new house. But I’m now fighting my way out of this BS. The icing on the cake is the medical facility is in Kentucky. I’ve never been to f#$&* Kentucky!
@@juniorharlowega1133 I had EVICTIONS, JUDGEMENT and quite a number of other negatives items on my report with a low 400's CREDIT SCORE. These prevented me from getting a montage until I started looking for help. After he finished working on my REPORT in just 7days, my CREDIT SCORE increased to 780, all the negatives items on my REPORT were deleted permanently and he added good trade-lines to boost my credit mix (Mortgage tradelines, installment tradelines and Auto tradelines) on my report, I got the mortgage and that was phenomenal!
Question, If you call to settle, wouldn't that renew the account, whether or not you agree to the settlement amount?
What if you know and can prove the debt is fraud. What steps should i take?
i need advice about the next step :
a company was reporting different information to the three different bureaus . it told one that it was a charge off and another that it was In good standing .
i followed your advice and disputed the item with all three bureaus with proof of the differing information .
the bureaus then sent to the company for verification AND THE COMPANY CHANGED THE INFORMATION FOR ALL THREE BUREAUS SO THAT THEY MATCHED.
then the company verified with the three bureaus and the item was not removed .
Is this illegal ?
if it is not then the dispute process is worthless !
the bureaus had written proof of the differing information . should they have deleted based on that and allowed the company to repost if they wanted to?
If the statute of limitations is only 3 years, and you choose to wait it out, can't that debt collector still sell that debt at the end of the 3 years then the cycle starts all over again???
Thanks♾
Highkyhack as been so much to me cleaning my hard inquiries, dm 0n tel-egram
Why would you ever, ever, ever tell them, unsolicited, what the CORRECT info is, when you have a dispute?
WHAT DO YOU SAY WHEN ON MY EQUIFAX CREDIT REPORT FOR MY CAPITAL ONE AUTO ACCT THAT HAS BEEN CLOSED\ CHARGE OFF BAD DEBT - SINCE SEPT. 2016. THE HIGH CREDIT STATES 19,835.00 MY PAST DUE BALANCE IS 30,190.00. ON MY TWO YEAR PAYMENT HISTORY SAYS THAT MY ACCT. PAYMENTS WERE =FEB 2019 -APRIL 2020 (CO), THEN ON MAY 2020 -AUG 2020 SAYS (OK), SEPT-OCT 2020 SAYS (CO), AND NOV -DEC 2020 SAYS (OK). MY TRANSUNION IS PAYMENT HISTORY IS BLANK. EXPERIAN SAYS FEB 2019-SEPT 2019 (CO), OCTOBER IS BLANK, NOVEMBER 2019-JULY 202O SAYS (C0) AUG 2020 IS BLANK, SEPT 2020-JAN 2021 (CO).. PLEASE HELP!!
Hire hiltoecyberservicescom.
I strongly recommend hiltoecyberservicescom for helping me fix my report.
I choose hiltoecyberservicescom.
always VALIDATE NOT VERIFY
What about if they lied on you?
There’s gonna be something else in that booklet that you’re gonna have to purchase 🎃
Thanks for being so comprehensive and informative. Subscribed today; hopefully many others will follow suit!
Much appreciated!
what can you do about a debt that was paid and they messed up and put it on your credit.then removed it but still lost points and havent got them back. what kind of letter should i send and should i get one from the company that messed up
This guy is good
Thank you
What if you never get a letter from the collection company and they already reported the debt to the credit bureau?
Also 30 days time frame to dispute the debt- is it related to disputing with the credit bureaus or the collection company itself?
Any comments appreciated 😊thank you
how do you remove an address if u have only 1. and all your accounts are linked to that address?
So I'm a process server in pinellas county Florida, I pretty much mostly serve collections documents ranging anywhere from $500 up.So I'm a process server in pinellas county Florida, I pretty much mostly serve collections documents ranging anywhere from $500 up. If a person is being sued by a collections company and they manage to avoid getting served Are the courts able to do anything in regards to placing a judgement against them?
Not much help. Have 4 charge off accounts from a bad year in 2018 and can't do anything. Accounts are over 2 years old and paying them off doesn't improve my credit. By the time I could pay off 3 years had passed. I owed on one account $900 and offered them 33% and they refused and would only take 50%. Trying to buy a truck and can't get a loan. What can I do if the other accounts are in charge off but not collections.
If you move to a different state than the state you originally incurred the debt in, which state dictates the statute of limitations?
You would have to check the terms of service, but most lenders include a clause that says that in cases like this, the lender can choose the choice of venue. Meaning they will pick whichever state is most beneficial to the lender. I've found this website to be very helpful in answering statute of limitations questions. www.incharge.org/understanding-debt/credit-card/what-is-statute-of-limitations-all-50-states/
So good! Thank you 🙌🙌
Glad you liked it!
@Amor sanchez thanks for the contact
What about if they don’t agree to remove the charge off , they’re only willing to reduce the debt and show the debt paid in full through a settlement?
Should I pay the debt ?
Please advise!!
Thank you !!
quick question.. should i get my credit report from all three at once or one every so often ??
can i put a security freeze with the nationwide consumer reporting agencies.
This is really helpful
Thank you for sharing your knowledge, a little education goes a long way.
Why does it say dont click this link in the description. I did not click it
Clicking the link will subscribe you to my TH-cam channel. It's meant to be a light hearted joke, and also a bit of psychological warfare since most people if you tell them not to do something, their first instinct is to want to do that exact thing =)
Advice from a real lawyer: Your chances of being sued on an unpaid debt are uncertain. You may never be sued, but I have seen lots of lawsuits for relatively small debts, starting around $1,000 and up. The collection law firms who represent debt buyers file small claims actions by the tens of thousands, and I believe the attorneys are mostly working on contingency, so the only costs are for filing and service. Small claims filing fees tend to be small. If you are sued by a debt buyer, however, your chances of winning a case are not bad, at least 50/50. Debt buyers often have poor evidence of the assignments by which they claim to have acquired the debt. If you have an attorney, you can stand a good chance of success. Many small claims collection suits end in default judgments. It's better to go to court and, if nothing else, make a settlement. I don't think most debt collectors are going to try to sell your personal property, but if state law allows a wage or bank garnishment, that's what they'll do with a judgment.
They cannot garnish SS SSI or pensions. Cannot garnish UI income either.
Furthermore Regulation F just went into effect. They cannot sue or THREATEN to sue on time-barred debts.
@Bobby Salvin can you still try and settle after a bank garnishment?
Yes Bobby your correct. Also the attorney has to prove they are license in the state to collect a or the debt. If they are not you can countersue them. I have done it. I won the case because they didn't have enough evidence to prove the debt was owed. Which it wasn't.
Title 15 🤔
So is it true that collection agencies buying debt is illegal?
They have their own lawyers & do sue you. I was sued for 2000 dollars
bill. from a debt collector. That was after I tried making payments to them & had to stop, because I couldn't afford to pay them. I had a part time job & they started to garnish my wages. then Covid 19 came & I no longer had the job. It ended. I'm also on Social Security . They can't garnish your Social Security Check. I'm not going to be going back to work, as I'm 70 years old . The job was very part time & I don't even miss the extra money. After they garnished the checks from the job, there was very little of the check left, so I'm not ever going to return to the job .Not worth it.....
Hello fluent in finance! thank you for all of that great information. I follow all the steps you recommend but the original creditor sent me proof and stated they sold the debt to Portofolio Recovery. Since the creditor doesn’t own the debt how do I delete the original creditor from my credit report showing a a charged off. Is that even possible?
I’m being sued for 1k.
@@juniorharlowega1133 Hi may i ask u who did your credit restoration.Thsnks
how does paying a bill in collections help your credit score?
It doesn't
It doesn't
Thank you for the great information, and excellent presentation…
I have asked your company to STOP texting me from random numbers asking me to buy your products. STOP TEXTING MY NUMBER!! It is harassment at this point!!
Can I remove a couple recent charge offs that were made via FDR? Freedom debt relief
What about accounts being reported as "collection/charge off"? How to treat these kind of account? Should this be regarded as a regular charge off?
Ao negotiate on fone?
Hi, great information here. Let's say a Debt Collector purchased a debt from Capital One and Debtor was successful with debt validation letter (debt collector failed to provide license, etc.). Is the reporting on the 3 Credit Bureaus inaccurate, when Capital One is listed, even though Debt Collector purchased the debt from Capital One? Can a Charge Off be removed based on wrong Debtor listed? Thank you.
I just a quick question. I have a couple of loans that have been charged off and sent to what the company calls a “in house” collections department and when I tried to get verification (I admit I called & emailed them to request.) they said they are not prohibited by law to send me that verification. What should I do next? Thank you in advance.
I have a question that was not completely addressed in this great video. Is there a way to ask directly?
Yeah well now the asshole collection company is taking me to Court!!!!! Now what do I do. Just received today by process server!!!!
I have talked with several of lawyers and you are correct that the creditor has the right to sell or transfer the debit, however, they have to sell it at pennies on the dollar which by law is .31. They usually always get more than one account and on a spreadsheet( The actual paperwork is not transferred) the actual paperwork the consumer signed stays with the creditor and because of that one fact I personally have been to dispute and remove these items successfully and not have any repost and none of the collection agencies have ever been able to collect. This is why I don't totally agree with you. So telling someone that they have to pay on a collection is not completely true to having it removed. Just refer to the FDCA( Fair Debit Collections Act).
That’s exactly what 4 lawyers in my area have said. I was sued in the past for a credit card and the judge ruled in my favor cause the collection agency didn’t have a signed contract.
I never signed a credit card application. So when I asked in court for the “signed contract” they looked at me like WTH are u talking about. Every credit application I’ve done was online. I agreed to the terms and was approved no signature ever requested.
I have a $173 medical bill in collections on my report that I just realized has been on there for 5 and a 1/2 years. Should I should I pay it off and ask them to stop reporting it for a credit boost? Thanks.
NO ! Statute of limitations in most states is 4 yrs. Anyways it will drop off your report in 1.5 more years.
Time-barred debts can no longer be sued to get the money. Regulation F went into effect 14 days ago.
Should I change my phone # prior to starting this process?
What to do if you did pay the balance? How do you remove the report then?
This could have been three or four different videos, there’s so much good information in here.
The statute of limitations trips up a lot of people-they don’t know that payments can extend it and they confuse it with the time limit for credit reporting. This video does a great job of setting out the accurate information.
I appreciate that!
@@fluentinfinance3744 HI, FLUENT IN FINANCE, SO I WAS WANDERING........I HAVE A CHARGE OFF FROM VERIZON (......ACTUALLY THIS PHONE ACCT WAS OPENED FRAUDULENTLY WHILE I WAS INCARSERATED BACK IN 2014..) ....ANYWAY, MY QUESTION TO YOU IS THIS: THE ACCT WAS REPORTED AS A COLLECTION ACCT BACK IN OCT 2014----'HOWEVER' VERIZON DIDNT ACTUALLY REPORT IT AS "CHARGED OFF ACCT" UNTIL LIKE MAY OF 2021.....SO IS THE 7 YEARS OF EXPIRATION START FROM OCT OF 2014.......OR DOES IT START FROM MAY OF 2021!!??.................
@@fluentinfinance3744 ONE MORE QUICK QUESTION I RECIEVED A LETTER FROM VERIZON STATING THAT THE FDCRPA LAWS DOES NOT
APPLY TO THEM BECAUSE THEY CLAIM: "THEY ARE A CREDITOR COLLECTING ITS OWN DEBT" IS THIS TRUE????--------
@@fluentinfinance3744 WE APPRECIATE YOU!!!!!!!
Two things, first even if you pay they may not remove the debt from your credit report. Secondly, if you pay it won't that renew the debt on you report and make it seem new again to someone reviewing your report?
I've made the mistake, of paying off collections and charged off and they are still on my report. What can be done in this situation?
Same here and when I asked the collection agency to remove it from my credit report they said they don’t report to the bureau’s the original company does. So I called the original company BOA for example and they said it will remain for seven years. Is it a way to have it removed from my report when the settlement is paid in full? Are u able to give us some advice Fluent in Finance?
@@mikejohn2719 Nutshellforce is a Scam! I paid him for his "services" and he came back asking for more money! I told him I wanted my money back! And he's refusing to pay!! Stay away from this SCAM ARTIST!!
If you want expert help reach out to me
Sir you need to give your personal info so we could hire you instead ?
How to contact u sir?
Highkyhack as been so much to me cleaning my hard inquiries, dm 0n tel-egram
what if you already agreed to the collection debt?
Awesome video... Do you have a credit repair company you trust that you can recommend for people who need charge offs removed?
I can help you bro.
How so b?
Has anyone had the problem of a marina address being a non-residential address therefore affecting their credit report? My report has a red flag on my address and says I’m high risk because I do not live in a residential address and that it is a Marina. It is affecting getting car insurance and credit cards. I do not have bad credit, I have no credit. I only have one minor incident of backing into someone in my Marina parking lot on my driving record. I’m having a very hard time getting car insurance. Any suggestions? TIA!
Can you do a video explaining how are they able to get a judgment if you don’t have a contract with them
I have 3 charge-off accounts on my Experian report, from the original creditor (Banks), reflecting Past due amounts. Any advice from anyone on how to handle/dispute this?
This John Doe Feller..Lmao. (Good info)
I have a military Starcard and it went to collections. I had $3400 and I talked to the collection agency and I paid $1000 of it. I would have loved to ignore it, but they garnish my military pay as I'm only in the Reserves so I have to pay it. Does anybody have any recommendations as to what my next course of action is to increase my credit rating? Any and all comments are grateful. Thank you!
So when you get a letter from the collection company to validate the account and it comes back incorrect do you send a letter back to them demanding for the account to be deleted or do you send letters to the credit bureaus?
Do you include your ssn in the letter sent to the credit bureaus to correct/update address, name , telephone number???
can you dispute closed collections accounts? and where can i find account numbers of these collections account if i dont have any mail ( i moved) for it, and it doesnt show up on credit karma etc.
If you are seeking cheap help to help with credit let me know
Your videos have been so helpful! Really appreciate them! I have a question. I want to start disputing and I watched another video of yours just before this one.
I called 1 Credit Bureau and they had me verify my name, DOB, SSN, and address. I was okay with this because they already have that information and I wanted to get rid of old and incorrect information. They then asked me to verify my phone number and I declined.
They then said they will have to find another way to verify me and tried doing so with asking about my debt history, I also declined to answer and told them I was at risk of identity threat. The lady insisted and so did I so we transferred to the supervisor who was really defensive, and nothing got done. I stood my ground he stood his and told me send my request by mail.
Should I have verified my phone number?
Can you do anything to remove collections if they were paid in full?
Yes you can.