What is the name of your state? MD
To make this long story short. I'm in the process of purchasing a home, our lender wants a $3800 debt paid that's showing up on my report. I did not know it was there until the lender bought this to my attention. I know for a fact this debt does not belong to me. The original date of the debt is May 2000 which is scheduled to drop off May 2009. I've contacted the collection agency that's listed on my report and they tell me they no longer own the debt. They give me other numbers of other collection agency's and everyone no longer owns the debt. Finally I was able to figure out who the original debtor was as they've told my they've passed it on to the collection agency that's on my report.
Anyway I've sent two certified letters to both the collection agency and the original creditor requesting verification of the debt. No one has responded to me. I've also sent a ceritified letter to the credit bureau's which they are "doing they're research". I've cc'd the lender on all the letters I've sent out. What can I do to force these people to verify the debt and if they can't what can I do to get this derogatory information off my report. It is tremendously effecting my score which is effecting my interest rate?
To make this long story short. I'm in the process of purchasing a home, our lender wants a $3800 debt paid that's showing up on my report. I did not know it was there until the lender bought this to my attention. I know for a fact this debt does not belong to me. The original date of the debt is May 2000 which is scheduled to drop off May 2009. I've contacted the collection agency that's listed on my report and they tell me they no longer own the debt. They give me other numbers of other collection agency's and everyone no longer owns the debt. Finally I was able to figure out who the original debtor was as they've told my they've passed it on to the collection agency that's on my report.
Anyway I've sent two certified letters to both the collection agency and the original creditor requesting verification of the debt. No one has responded to me. I've also sent a ceritified letter to the credit bureau's which they are "doing they're research". I've cc'd the lender on all the letters I've sent out. What can I do to force these people to verify the debt and if they can't what can I do to get this derogatory information off my report. It is tremendously effecting my score which is effecting my interest rate?