Author Topic: Posting my 623 letter response from the creditor (OC)  (Read 4577 times)

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suemepunk

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Posting my 623 letter response from the creditor (OC)
« on: March 07, 2012 06:28:53 PM »
For your consumption and thoughts, I received the following form letter from an OC in regards to my 623 letter. 

"We received your recent inquiry regarding your account.  Your inquiry indicated that you do not recognize this account and requested debt validation or verification under the FDCPA.   As the original creditor, __OC____ is not subject to the FDCPA, which covers debt validation and verification.  We provided monthly billing statements on your credit card account to the address on file"

"In order to assist you with identifying this account, we have sent the last three billing statements with charges or payment activity for your review under separate cover.  If you need any further assistance with your request after reviewing those statements, please contact _the JDB_ as your account has been sold to them."

"If you have any other questions or concerns about your inquiry, please feel free to contact the __OC___ Customer Support Team at 1-800--xxx-xxxx."

BrokeBob

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #1 on: March 07, 2012 06:34:54 PM »
Translation:  they consider it verified, it is staying on your CR.

cheeks

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #2 on: March 07, 2012 06:35:43 PM »
A 623 letter isn't covered under the FDCPA, it's under the FCRA.

excelsior

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #3 on: March 07, 2012 07:11:15 PM »
Who is reporting the TL?

OC?
JDB?
both?

Is there any difference between OC's billing statements and JDB's reporting to the bureaus?

suemepunk

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #4 on: March 07, 2012 07:58:57 PM »
In this instance, both are reporting separate TL's.   My letter was directed to the OC.

suemepunk

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #5 on: March 07, 2012 09:21:55 PM »
I went back and reviewed my initial 623 letter,  it accurately called out the FCRA Act as the basis of my request.  They think it's related to the FDCPA per their form letter.
They are clearly being dismissive and sloppy.

CleaningUp

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #6 on: March 07, 2012 09:49:34 PM »
Either way, it looks as if the trade line is staying.

There is no illegality to sloppiness here unless it results in an inaccurate trade line.

suemepunk

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #7 on: March 07, 2012 11:28:52 PM »
Perhaps a little willful deception.

KFMAN

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #8 on: March 07, 2012 11:37:10 PM »
Perhaps a little willful deception.
Litigious? Read this first
     http://www.debtorboards.com/index.php/topic,7215


suemepunk

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #9 on: March 08, 2012 03:34:14 AM »
Since the OC sold the "alleged" debt, I am in no hurry to do anything.   When I do (or if), it will be in arbitration.   In the mean time, I will give the OC a couple chances to get it right.

excelsior

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #10 on: March 08, 2012 03:36:39 AM »
How did you set up your 623 letter?

Did they respond within 30 days?

Does the OC's TL reflect a zero balance since they sold to JDB?

Does JDB's TL show a DOFD and balance that is consistent with OC's reporting?

There is a ton of room here for a mistake.  Keep looking. 

suemepunk

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #11 on: March 08, 2012 04:35:04 AM »
How did you set up your 623 letter? 
I have posted the working copy somewhere on DB.   The 800 number noted on my report did not have info the subject account.  This is one eleven 623 attempts mail out last week.

Did they respond within 30 days?
Yes, we shall see how complete the work is on their part.

Does the OC's TL reflect a zero balance since they sold to JDB?
Yes OC Balance equals ZERO.  A full account history is still present.

Does JDB's TL show a DOFD and balance that is consistent with OC's reporting?
DOFD?

There is a ton of room here for a mistake.  Keep looking. 

KFMAN

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #12 on: March 08, 2012 01:36:15 PM »
How did you set up your 623 letter? 
I have posted the working copy somewhere on DB.   The 800 number noted on my report did not have info the subject account.  This is one eleven 623 attempts mail out last week.

Did they respond within 30 days?
Yes, we shall see how complete the work is on their part.

Does the OC's TL reflect a zero balance since they sold to JDB?
Yes OC Balance equals ZERO.  A full account history is still present.  Why shouldn't it be present?


Does JDB's TL show a DOFD and balance that is consistent with OC's reporting?
DOFD?

There is a ton of room here for a mistake.  Keep looking.

excelsior

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #13 on: March 08, 2012 03:10:19 PM »
DOFD is Date of First Delinquency.  That's important because it's the starting gun for FICO scoring.  If the DOFD is greater than 24 months ago, I would think twice about pushing for any deletion of the OC's TL, because there is a chance that this TL is only minimally impacting FICO.  In many cases, OC TL's can actually help FICO scores by raising the average age of accounts, total number of accounts, being in the mix of a variety of credit, etc.

Obviously after all the 623's are done, it's helpful to see a fresh set of hard copy credit reports.  That will show what changes if any were made and from there....the fun begins.

I'd wait and see what the 623 turns up from the JDB.  Lay the JDB response next to the OC response and that will paint a very interesting picture!

Silent99

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Re: Posting my 623 letter response from the creditor (OC)
« Reply #14 on: March 25, 2012 04:31:15 PM »
How did you set up your 623 letter?

Did they respond within 30 days?

Does the OC's TL reflect a zero balance since they sold to JDB?

Does JDB's TL show a DOFD and balance that is consistent with OC's reporting?

There is a ton of room here for a mistake.  Keep looking.

What if the JDB's TL shows a higher balance than the OC's TL?

 

credit