[SAMortgages]

Hello Everyone,

First thread and first post. Let me start by saying this looks like a great sight with a lot of very knowledgeable members. I have spent about the last two hours reading over the Beginner's area and searching out my questions, but I have a few still remaining I hope you can help me with.

1. SITUATION: I have active collections on my credit report, and despite my best efforts I have been unable to get in contact with the creditor. An example are two medical collections that I cannot identify from a company called: Premium Asset Recorvery Corp, or "PARC" (as it is shown on the credit report). My research has found that they tend to buy extremely old medical debt, and are quite unscrupulous in their collection efforts, and have lost many a lawsuit because of it.

QUESTION: Should I even bother sending these people a DV, or can I just go straight to the CRA's and dispute this transaction with them?

2. QUESTION: Do you use DV's with the CRA's or is there a separate type of letter that you should use?

3. QUESTION: If an item on my credit report is past the statute of limitations but still being reported how do I get it removed?

4. QUESTION: If I have a collection on my credit report, that is a known debt I inccured, and I dispute it, is there a chance of the debt getting erased if the creditor doesn't respond in time? Would this action be construed as fraud? Would it perhaps motivate the creditor to settle in a more favorable fashion?

5. QUESTION: If i dispute a charge with a creditor, it is removed, and the creditor cannot prove it is mine, yet the charge re-appears on my report, what would be the next step? Do I need to get an attorney?


Thanks for the help, I appreciate it! Lastly, I am in the mortgage business in Texas...If you have any loan related questions, please feel free to PM me and I will do my best to answer them.

Note to Admins: I may be doing something wrong, but when I attempted to search the forums, I kept being told that my search terms needed to be longer than "4" characters in length, which they were.