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Appointed1

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What is the best solution to repairing my credit when I don't have money to fix it?

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start with old (zombie) accounts, look for charged off or closed acccounts in your report... if the collectors still show up on your report as of your recent pull on your report then you can send then a letter of validation of the debt you supposedly owe them, especially if those closed accounts were sold to 3rd party collectors. always make sure to send the debt validation letter via certified mail that way you have itfor your records and also count down the 30day time frame that you should expect a response from the collector.. if the collector does not respond with in the 30days you have the right to dispute the collection off your account with the 3 cba (credit bureau agency) experian, equifax, transunion. hope this helps

Reply by
SnE2010

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What exactly is a letter of validation? Or a debit validation? Then exactly whom do you send it to?

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debt validation letter is where you (the consumer) has the right to question your debt that is reported to the credit bureaus, also if a collector attempts to collect a debt via phone you then request that they do not call you until they have your supposed debt obligation in writing, the collector then has 5 days to respond to your request and send any information regarding the debt they claim you owe.. when and if you do recieve that letter of the debt you owe you can in turn send a debt validation letter for the collector to provide valid information as to how the debt is yours. proof that you had a signed contract/agreement to the debt they claim you owe. always keep in mind that when you send a debt validation letter or any letters to the collector on your behalf always ALWAYS send it via certified mail!!! that way you can track where your mail is going and when it was recieved. once the collector recieves your letter you can start your 30 day countdown (it takes a collector 30 days to validate your debt they say you owe) if they (the collector) does not respond in the timely fashion (30days) you (the consumer) has the right to dispute the item off your credit report with the credit bureaus. however if you have a collector harrassing you of some debt without reporting your debt to the credit bureau you should still request for validation of debt. mind you in the 30day period the collector CAN NOT!!! MAKE ANY SUCH PHONE CALLS TO YOU REGARDING SETTLEMENT OF THE DEBT IF THEY DO SO YOU TELL THEM THEY ARE NOT SUPPOSED TO CONTACT YOU VIA PHONE ALL CONTACT MUST BE MADE IN WRITING! that more then likely tells the collector WOW THIS CONSUMER ISN'T PLAYING!!!    

Reply by
betterscoreN2k14

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You are awesome!!!! I am taking your advice and I sure hope it works!!! 

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with the first contact that a collector contacts you this is a BIG NO NO!!! (that most consumers do!!!) DO NOT EVER TELL A COLLECTOR YOUR SYMPATHETIC STORY OF WHY YOU CAN'T MAKE A PAYMENT they heard it all and they will pretend to be empathetic for you but in reality a debt collector is a debt collector is a debt collector they COLLECT!!! they are based on commisions and when you don't pay them they enforce payment so they can get paid it's part of their market skills to play the mean debt collector, but do have respect as well.. if you speak to them with respect they shall give you the same if they become irate and give attitude cause your not giving in, you can tell them HEY!! IF YOU DON'T WANT TO WORK WITH ME THEN I DON'T HAVE TO WORK WITH YOU IN SETTLEING THIS DEBT YOU SAY I OWE! from now on, any contact you wish to have with me I will only accept in writing! 

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