No. of Recommendations: 4

You wrote, I've written a dispute letter to ARM, asking for verification. They're offering to settle a $469 claim for $399, but I don't want to do anything without seeing some documentation.

Does this sound right, or am I missing anything?

It sounds like you actually owe this debt. But it also sounds like Target might have violated the Fair Debt Collections Act.

Have you considered a different tactic? Perhaps offering them the full amount in exchange for removing it from your credit report? Of course the problem here is that if Target (the original creditor) is also on your report, you might not be able to get them both to agree to removing their marks.

I might take a carrot and stick approach here. Tell them you think Target violated the Fair Billing Act by failing to provide a bill at your address. Tell them you're willing to pay them off to make it all go away; but you're also willing to fight since your credit report has been damaged by Target's incompetence. If they can agree to get it all fixed, you're pay... If not, tell them you might have to file suit so you can force discovery...

Ideally you'd want written correspondence from a lawyer ... but that's pretty extreme as engaging a lawyer would cost $$$ and if it were worth it would depend on how much you think you might miss out on with this ding on your report.

In theory, all of this may be fixable with enough time and money ... but whether its worth it is a largely subjective matter.

- Joel
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