Topic: Pay for Delete is Illegal

[Flyingifr]

How many times have we heard THAT line? The fact is, it is a blatant lie, and if uttered by a CA or a JDB is an immediate FDCPA violation, so get those tape recorders running.

The facts are this: Fair Credit Reporting Act does not even mention a PFD. Neither does FDCPA nor any other law - federal or state. It is a matter of agreement, not law.

Speaking of agreements, collectors may retreat and say it would violate a contractual agreement they have with the CRA's not to PFD. That may be the case, I have never seen that provision of the contract and it is highly unlikely I ever will. The mantra is a universal response on CI.com - almost as instinctive as a dog barking at the mailman.

Even if it is a contractual agreement with the CRA's not to grant a PFD, there is no law that states that they MUST respond to a CRA inquiry. FCRA does state that when a consumer disputes a TL and the source of that TL does not verify it, the TL must be deleted. THERE is the way to get a PFD, but GET IT IN WRITING - that the creditor agrees not to communicate in any way with any CRA about this debt, even in the event the consumer (you) disputes it.

[foolsmission]

Here is the exact text of a major bank deleting a recent derog from my loan history. Gee I wonder how many laws they broke.LOL

Although I was unable to PROVE I'd made the payment on time I stated MY side in a letter to Corporate through Planet feedback.

Dear Mr. Foolsmission:

Big Bank recently completed an internal adjustment to your credit profile. Your payment history has been corrected to reflect paid-as-agreed for the month of December, 2005.

Additionally, we have requested that each of the four consumer credit agencies to which we report (Experian, Innovis, TransUnion, and Equifax) delete any and all derogatory data detailed under this account for the December 2005 payment. It has been our experience that this process will take an average of 30 days to update. Please feel free to use this letter in the interim as evidence that the corrections are in process.

We apologize for any inconvenience this situation may have caused you, and we hope this matter has been resolved to your satisfaction. If you have any questions regarding your loan status or the data reported under this account, please contact me directly at (800)xxxxx, ext. xxxx.
Sincerely,


My secret?
I vollunteered to use Auto-Payment if they saw things my way.

[JunkBuyers WorstNightmare]

I have my recorder running before the phone drone even picks up on the other end. 

[Pablo]

I have some questions:

I thought the OC did the reporting not the CA to the CRAs, is that correct?  Perhaps if it's a DB then they would report it right? 

How do you get a good phone recorder?

[Imaputz-85a]

Roxcyn,

Most collection agencies bigger than a mom & pop shop do their own credit reporting. Most original creditors smaller than a credit card or bank do not do their own credit reporting.

[Pablo]

Well Verizon, Verizon Wireless credit report & they send them to CAs which don't...then there is direct TV who does its own reporting...then there are the DBs, shall I go on? .  Basically there are LOTS of companies that do credit reporting and send it off to collections...

Now anyone to tell me about a good phone recorder?

[Rottweiler]

Now anyone to tell me about a good phone recorder?

I am sure that codename_V would be glad to steer you toward a good one.  In fact, see his sig (he might have one for sale). 

[itsmeagain]

Pardon my ignorance . . . what is a "DB"?

[maylaur]

Pardon my ignorance . . . what is a "DB"?

DebtorBoards

[itsmeagain]

Hmmmmm . . . still confused 

I suppose I should have directed this question to roxcyn.

Rox; I have seen several posts by you recently (including this thread), that used the expression "DB" when writing about credit bureaus and CA's.  For example;

Well Verizon, Verizon Wireless credit report & they send them to CAs which don't...then there is direct TV who does its own reporting...then there are the DBs,

Are you referring to Debtorboards??

[Imaputz-85a]

I believe Roxy is referring to debt buyers.

Of course, most people would only recognize them by their formal acronym of JDB, or joyful debt buyers. No, that's not right. Jubilant debt buyers. No. hmmm... Jovial debt buyers. No.

Well, it's something like that.

[itsmeagain]

OH! . . . you mean Justacottonpickinscumsuckinbottomfeedin Debt Buyer (JDB) . . . 

Thanks

[EB Joe]

Yeah, what itsmeagain said!

And I found that Fred Meyer (Which might be Kroger where you are) is the only one I've seen with a digital recorder with a line-in for the telephone part.  I think it was 50 bucks, but since I've never had someone call me back after telling them to FOAD, I have never bought one.

[Pablo]

OH! . . . you mean Justacottonpickinscumsuckinbottomfeedin Debt Buyer (JDB) . . . 

Thanks

OOps!     I forgot we used the abreviation of JDB...I just think of them as debt buyer cos that's what they are..they buy debts ....but I will remember next time to do JDB .

[Pablo]

Yeah, what itsmeagain said!

And I found that Fred Meyer (Which might be Kroger where you are) is the only one I've seen with a digital recorder with a line-in for the telephone part.  I think it was 50 bucks, but since I've never had someone call me back after telling them to FOAD, I have never bought one.

Wow...I never saw that would it be on eBay perhaps?  I never saw it at Fred Meyer/Kroger unforunately, and what does FOAD stand for?