get collectors to violate laws at-will

LOhelper said:   

I work for ten loan officers, their Realtors and clients on credit. .
How much does this pay? Very curious about those folks who help fix credit for realtors

By law I have to be independent.
I charge flat fees usually for things.
E.g.: $175 per collection account (plus 25% of what I save the person if the debt is $800+). The goal is 100% permanent deletions as collections whether paid or open are score killers. Though occasionally I leave the oldest, smallest collection unsatisfied as i learned in certain cases that a given collection is holding scores UP by 35-60 points.
"Length of account history" is why. Apparently FICO counts an open collection as part of the history and paying or deleting actually can drop scores. Anyone who handles a lot of credit has seen this, its true.

What's the main way you get deletions?

I assume you've visited creditboards.com?

Your business intrigues me. I think there is a real market for paying somebody to take care of getting deletions. The methods on creditboards.com seem time consuming and cumbersome, better to pay someone like you to take care of things.

ZenNUTS,

I read C47's article series with Jim Wang and the Dallas newspaper article. I saw C47's "overreach". I MERELY WANT TO BE ABLE TO violate at-will a very few certain collectors. One I never get a deletion from, Midland.

How do I locate C47's specific tactics? This board, another board?

You have to get innovative for this kind of stuff - it sounds like the people that probably know this best are your competition and they do not have a good reason to share it with you.

So you want the collectors to start harassing again to violate at-will. Maybe they have some triggers they operate on. Your best bet is probably asking the people that work there(collection office) yourself. Maybe there are some databases they look at you could easily get your clients to show up in to trigger calls to a cellphone ect.

powellm said:   You have to get innovative for this kind of stuff - it sounds like the people that probably know this best are your competition and they do not have a good reason to share it with you.

So you want the collectors to start harassing again to violate at-will. Maybe they have some triggers they operate on. Your best bet is probably asking the people that work there(collection office) yourself. Maybe there are some databases they look at you could easily get your clients to show up in to trigger calls to a cellphone ect.

My competition is only in the LA area, this is a BIG country. Thanks for yr thoughts, worth a try.

SUCKISSTAPLES said:   Crazytree said:   On Sunday 60 Minutes had this long segment about how the CRAs are Satanic... because they refuse to just let you fix credit report errors at the snap of a finger.

People like OP are the reason why all these consumers are having such a hard time... because the CRAs are doing their best to stop people from raping the deletion mechanisms they have in place.

Saw that 60 minutes piece
We discussed it here
http://www.fatwallet.mobi/forums/finance/1256472/?start=10

That poor lady who tried for six years to get someone else's name off her report was sad. But as soon as she filed a federal fcra lawsuit it was fixed

People need to use the court when companies ignore you . My mom had an invalid collection on her experian report . We gave them two letters to remove it. Next was the federal lawsuit . After that was the settlement

No wasting six years sending hundreds of letters in frustration like that woman on 60 minutes

Truth is that the CRAs have clauses in their contracts with collectors/debt buyers that they will NOT do a deletion in return for payment. If the CRAs catch a collector doing PFD then CRAs have a right to cancel the contract--and what collector will risk their business if they can't report? Pretty evil, and on top of that when people do pay or settle, FICOs drop for quite awhile (new DLA) and then hold scores generally lower for years.

Its all quite evil IMHO.

New friends, I still need what I asked for at the thread start. I'm being active, please help me.

lot of acronyms and stuff flown about here. I realize the OP is obviously looking for highly detailed information from others highly in the know - but would someone mind interpreting this so I can learn a little more about what is being discussed? I understand the basic idea is to clean up credit reporting - just trying to understand some more of the advanced concepts.

specifically what is "at-will" and why do we want collectors to violate it?

Who/what is C47?

thx

BenH said:   Who/what is C47?He's bunkered down in a burning cabin in Big Bear with 4,000 rounds of ammunition right now.

BenH said:   lot of acronyms and stuff flown about here. I realize the OP is obviously looking for highly detailed information from others highly in the know - but would someone mind interpreting this so I can learn a little more about what is being discussed? I understand the basic idea is to clean up credit reporting - just trying to understand some more of the advanced concepts.

specifically what is "at-will" and why do we want collectors to violate it?

Who/what is C47?

thx
here you go, acronyms be gone!
Truth is that the CRAs (CREDIT REPORTING AGENCIES) have clauses in their contracts with collectors/debt buyers that they will NOT do a deletion in return for payment. If the CRAs catch a collector doing PFD (PAYMENT EXCHANGED FOR DELETION OF THE COLLECTION) then CRAs have a right to cancel the contract--and what collector will risk their business if they can't report? Pretty evil, and on top of that when people do pay or settle, FICOs drop for quite awhile (new DLA+DATE OF LAST ACTIVITY) and then hold scores generally lower for years.

Its all quite evil IMHO (IN MY HUMBLE OPINION).

BenH said:   lot of acronyms and stuff flown about here. I realize the OP is obviously looking for highly detailed information from others highly in the know - but would someone mind interpreting this so I can learn a little more about what is being discussed? I understand the basic idea is to clean up credit reporting - just trying to understand some more of the advanced concepts.

specifically what is "at-will" and why do we want collectors to violate it?

Who/what is C47?

thx

I am not sure of the specific meaning of "at-will" but I assume the intent is to get debt collectors to illegally contact debtors, who can then use this as a basis for an FCRA (Fair Credit Reporting Act) lawsuit that will enable OP to force the debt collectors to permanently delete a negative item from his client's credit profile.

"C47" is "codename47" an infrequent poster (formerly much more active) here who has a lot of knowledge in this area. He helped a lot of FWF members fight debt collectors and was an expert at suing them (and winning). At one point he became notorious enough that he was featured in the Dallas Observer, in an article called Better Off Deadbeat. Just google him and you'll find a lot more info.

Please keep in mind though if you want to do something like this yourself that C47 was helped by the fact that he lives in Texas, which has strong consumer-protection laws. Other states may be much more difficult.