Page 12 - DIY; The Plug
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Round Three
When a collector sends a bill or statement, this is not a verification of the
debt. Don’t be fooled, a bill, statements or letter doesn’t provide contractual
proof you agreed to this debt. The creditor listed on your report must provide
a contract or agreement with your signature and their name listed as the
original creditor. If the company reporting on your report is not the original
creditor, the original creditor has sold the debt to a collection agency.
However you never entered an agreement with the collection company
therefore they have no grounds to collect.
Validation of debt is completed once the original creditor sends a
contract or agreement with your signature.
Round 3 can seem aggressive. We are now holding the creditor responsible to
adhere to FDCPA, Fair Debt Collection Practices Act, which is providing
contractual, factual data proving they have grounds to report to the bureaus.
1. Complete Round 3 letter addressing each creditor individually
2. Be sure to hand write on each letter,
“remove from credit report immediately or failure to comply with request will result in matter being escalated”
3. Sign all letters
4. Send letters to creditors certified mail
(no return receipt, cost $3.55-4.10)
5. Record and maintain tracking information on “Tracking Log”
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