fuzzair

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About fuzzair

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  1. First of all, I would like to say thanks for the great education I have received reading these posts. Wish I had read them much sooner! MBNA is reporting "Charge Off" on credit reports. MBNA made "Soft Inquiry" to answer BBB complaint. MBNA account was charged off as a bad debt on December 17, 1998. They sold the debt to North American Capital Corporation, a collection agency, on January 1, 1999. I filed for Chapter 7 BK in March of 1999. I received the discharge in June of 1999. MBNA was listed as one of the creditors. I have been trying to get them to change "CHARGE OFF" to at least "IIB" for quite a while. Using the BBB as a tool, I filed a complaint with the Delaware BBB in January/2004. I just received a letter from BBB with an attached letter from MBNA. Susan Smith, Assistant Vice President, wrote a summary of the above and added, " Public record indicates that Mr XXXXXX' chapter 7 bankruptcy was discharged on June 21, 1999. Mr. XXXXXX was charged off as a bad debt approximately six months prior to the discharge of his bankruptcy." "MBNA is accurately reporting the status of Mr. XXXXXX, account; therefore, no adjustments to his credit file or compensation is warranted." I also noticed on my credit report a "soft Inquiry" from MBNA dated 1/2004. My account is CLOSED. I recently tried to close escrow on an investment property. Prior to close of escrow, the bank mandated that I pay MBNA prior to funding because of the way MBNA is reporting. I had to show BK paperwork (creditors) or else the bank would not fund. It has happened quite a bit in the last few months. I know there are opinion letters indicating reporting a "charge off" is continued collection activity. Any additional reference material would be greatly appreciated. I need advise on how to proceed, cause of action, etc. Thanks for the help.
  2. First of all, I would like to say thanks for the great education I have received reading these posts. Wish I had read them much sooner! MBNA is reporting "Charge Off" on credit reports. MBNA made "Soft Inquiry" to answer BBB complaint. MBNA account was charged off as a bad debt on December 17, 1998. They sold the debt to North American Capital Corporation, a collection agency, on January 1, 1999. I filed for Chapter 7 BK in March of 1999. I received the discharge in June of 1999. MBNA was listed as one of the creditors. I have been trying to get them to change "CHARGE OFF" to at least "IIB" for quite a while. Using the BBB as a tool, I filed a complaint with the Delaware BBB in January/2004. I just received a letter from BBB with an attached letter from MBNA. Susan Smith, Assistant Vice President, wrote a summary of the above and added, " Public record indicates that Mr XXXXXX' chapter 7 bankruptcy was discharged on June 21, 1999. Mr. XXXXXX was charged off as a bad debt approximately six months prior to the discharge of his bankruptcy." "MBNA is accurately reporting the status of Mr. XXXXXX, account; therefore, no adjustments to his credit file or compensation is warranted." I also noticed on my credit report a "soft Inquiry" from MBNA dated 1/2004. My account is CLOSED. I recently tried to close escrow on an investment property. Prior to close of escrow, the bank mandated that I pay MBNA prior to funding because of the way MBNA is reporting. I had to show BK paperwork (creditors) or else the bank would not fund. It has happened quite a bit in the last few months. I know there are opinion letters indicating reporting a "charge off" is continued collection activity. Any additional reference material would be greatly appreciated. I need advise on how to proceed, cause of action, etc. Thanks for the help.
  3. Thanks to all for some great posts. Reading this board always motivates me and reminds me there is light at the end of the tunnel! During some research, I discovered the Consumer Credit Reporting Agencies Act (Civil Code 1785.1-1785.36). It is California law established in 1975. It appears to be more demanding of CRAs and furnishers of information and a better tool to deal with investigations. For example...... Civil Code 1785.3 (Reinvestigations) States a consumer has the right to contact the information provider and ".............The person upon whom the written demand is made shall acknowledge the demand within 30 days. .................If within 90 days the consumer credit reporting agency does not receive any information from the person requested to furnish the same or any communication relative to this information from this person, the consumer credit reporting agency shall delete the information from the report" I am new to credit repair but I was wondering if anyone has used this is California????
  4. Thanks to all for some great posts. During some research, I discovered the Consumer Credit Reporting Agencies Act (Civil Code 1785.1-1785.36). It is California law established in 1975. It appears to be more demanding of CRAs and furnishers of information and a better tool to deal with investigations. For example...... Civil Code 1785.3 (Reinvestigations) States a consumer has the right to contact the information provider and ".............The person upon whom the written demand is made shall acknowledge the demand within 30 days. .................If within 90 days the consumer credit reporting agency does not receive any information from the person requested to furnish the same or any communication relative to this information from this person, the consumer credit reporting agency shall delete the information from the report" I am new to credit repair but I was wondering if anyone has used this is California????