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Got a quick question: Should I buy a house in new Zealand with 90% Lending Tree mortgage now? Thanks in advance for any answer. Second question of mine... In the process of getting pre-approved for a home loan, the Lending Tree mortgage person informed me of a collection account on my credit report. This apparently has been in collections since 1997. I have bought several vehicles, rented apartments and even worked with Consumer Credit Counselors on a couple of other accounts I had in collections several years ago. How it's been missed all these years, I have no idea.. |
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I'm stumped. I'm not so sure what is the right answer to your question. I'll do some research and get back to you if I find an answer. You should email the people at Lending Tree as they probably can answer it..
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When you say request validation, is there a form to fill out, or do I just need to draft a letter to mail to them?..
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What state are you in? What kind of debt is it? Open or installment?.
This is extortion. They know that you cannot close on a home Lending Tree loan with an unpaid collection on your report - the Lending Tree mortgage company will make you pay it. There are appropriate letters to get this off quick, just tell me the state and the type of debt, and I will give you the letter.. I just. Had. To help this person... |
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It's in the letters section..
Go to page 1 .. Scroll down to other forums bottom left.. Click on it select sample letters.. Click on Debt validation.. Don't make any changes or additions to the letter except where it says signature.. Delete that and only type or print your name where it says your name.. You don't want a CA to have a copy of your signature to forge.. The END ************************* LB 59.. |
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Go to page 1 ..
Scroll down to other forums bottom left.. Click on it select sample letters.. Click on Debt validation... |
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Is it a credit card? An auto loan? A medical bill? an old utility account? I wouldn't send any letters just yet, if I were you. You will be caught up in a process that takes a long time. I can give you the short way out if I have the right information. You just said it was "a service" what kind of service?..
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Did you have a written contract for a certain period of time? Or was it a month to month revolving account? Believe me, it makes a difference. And when (what month if you can recall) did you stop paying?..
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See, that's the thing, I don't remember. It was in 1997. That's another reason I've requested a copy of the contract...
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OK. If you remember or you get a copy let me know. If this is a written contract ($xx.00 a month for xx months), and you stopped paying on it after 2/13/97, it is within the statute of limitations, and they can make you pay it. Validation is a longer process, and will take a couple of months - it might get you out of paying if they can't produce the required info, but it will screw up closing on a house..
If you knew for sure it was beyond the SOL, I had a letter that would get it off the day they got the letter. ;) Without that info, I wouldn't want to advise you to do what I had in mind... |
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OK, I've written the letter. There are two signature lines at the bottom of the Disclosure Statement. One is for the collector, the other for the administrator... who is that?..
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PBM used to be administrator of this board. Just delete that...
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PCH,.
YOU'RE NOT LISTENING!. Breeze asked you some questions about the nature of this account. The first thing you need to do is answer them. If you have to dig through old records or paperwork, old checks, old credit card statements, then do it. Do some research if you need to. Track this place down and see if they're in bus. or not. Taking the time to do this step properly may determine your level of success.. The question is:. Was it a fixed monthly amount for a number of months certain? Or was it a revolving account where the monthly amount due might change and you received monthly statements?. You obviously don't know the difference between a revolving account and a closed contract.. I understand you're in a hurry but you need to be a little patient.. If you're going off half cocked and not listen to the pro's on this board then, good luck. You'll need it.. Oh - Welcome to the board.. :).. |
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I have tried to locate them via internet. The only company I can find that remotely resembles them is located up north somewhere. I can't see where they have a location in Phoenix, which is where this all occurred..
As far as finding any documentation from my end, I highly doubt I kept anything and if I did, it would be virtually impossible to find at this point, as all this happened in my mid 20's and I've moved, easily 10 times since then. Who knows where it would be.. I am trying to take in all the advice that's given here. I am reading it daily and comparing different answers from others. It seems that many people have different suggestions as to the best way to handle this situation.. Thanks for your input... thanks for everyone's input. And by the way... I am LISTENING!.. |
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Pch_ga.
Don't sign the letter.. Just type or print your name.. The END ************************* LB 59.. |
