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QUESTION: I asked a credit agency to send a letter in the mail for either payment for deletion or a settlement amount,they stated this company sends nothing by mail only by fax. Is this true of most agencies? Should I also see a signature at the end of the letter with the agreement and also the companies letterhead at the beginning of the signed agreement?
thanks
Anthea
ANSWER: Hi Anthea:
It is not common. You definitely should have it on company letterhead. I believe this to be a must. A printed name (that you can verify) and signature are strongly preferred. If you are at the point where they are willing to do a pay for delete, I would hold off until you at least get a US mailed letter on company letterhead. If they want their money bad enough, they will do it. Also, how did they communicate with you? They almost have to have SENT you the original letter by US mail, not fax! Are you sure this company OWNS the debt and it is reporting on your credit bureau? I would be cautious and prudent.
Good luck,
Regan
---------- FOLLOW-UP ----------
QUESTION: Are you still in the service of helping consumers ? If Yes can I be one of your customers?
Thanks
Anthea O
Hi Anthea:
I owned a fairly successful credit repair company for many years. Then I sold the business. As part of selling the business, I had to sign a non-compete clause which means I cannot actively market a new credit-related business. (It's actually fairly detailed in what I can and cannot do.) However, this non-compete clause expires on 8/1/10. I have our new website domain but cannot publish to it until after that date, nor can I take on new customers in this time period.
The bottom line is, if you are willing to wait a week or so, I can and will have our new website, company name, and be more than willing to assist you.
If not, I understand. Good luck :)
Regan
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Answers by Expert:
Regan Shinski
Expertise
I can answer questions on collections, repossessions, bankruptcy, credit repair, credit counseling, FICO scores, credit planning, and the cause and effect of credit related decisions. I can also answer questions on collection settlements and preparing to sue your creditors for false debts and credit credit reporting.
Experience
Fifteen years ago I was financially devasted due to severe health issues. I filed bankruptcy, had a foreclosure, car repossession, tax lien, and ruined credit. I immersed myself in credit law. I settled dozens of accounts and had them removed to improve my credit. I personally sued four creditors and collection agencies and won cash settlements for their false reporting on my credit reports.
Since then, I have completely recovered and have nearly $100,000 in revolving credit lines and perfect credit. I have owned a credit repair company for the past five years and have an additional three years of specific work in the collections and debt management industry.
I am fully versed in the Fair Debt Collection Practices Acts (FDCPA), Fair Credit Reporting Act (FCRA), and have used them successfully in collection settlements and lawsuits for myself and others. I am also familiar with and abide by the Credit Repair Organizations Act (CROA).
I have deleted or helped delete literally hundreds and hundreds of derogatory items from consumers' credit reports and helped negotiate many settlements with collection agencies and creditors. I have also advised people on bankruptcy at any stage.
In the current credit market, I have successfully advised numerous people on how to obtain credit and how to negotiate for better terms.
Education/Credentials
BA University of Minnesota
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