sizax

Thank you for responding. Ive disputed alot of things, some successfull and some not. but this seems way above my head. There is someone at ACS, who is researching this for me and she seemed sincere in helping. Since the time I posted this originally, I have sence received the letter from CBE Group, but no calls yet. Who is "the Ombudsman"

So im getting ready to buy a house and it looks like this might be my only snag. here is a statment of events that I typed up for the Morgage people In June 2006, my wife and I decided to consolidate school loans with Academic Loan Group. Loan balances were: Loan1 – Direct Loans – $28,310 Loan2 - Direct Loans/Dept of Education - $16,906 After paperwork was signed, my wife and I made payments to ACS as expected. In May 2007, I started receiving default notices from Department of Education that my school loan was in default. I called them and advised the collections department that my loan had been consolidated with my wife’s school loan with ACS. They said they would research it and get back to me. I never heard back from anyone, so I assumed it was OK. In June I pulled my credit report using truecredit.com and noticed that the loans were now in charge off status. I called Department of Education and spoke to someone helpful that informed me that I was mistaken about ACS having my loan. They said that ACS did mail a check to them, but it was returned because it was made out to “Direct Loans” and should have been made out to “Department of Education”. After further review I found that ACS took the payment back and instead of issuing a new check to “Department of Education” they just applied the returned check to my balance and never informed me of any of this. When my wife contact them mid june, they simply told her that yes the payment was sent back but they were unsure why. They would research and call her back. She has yet to receive a call back. In the meantime I found out that my default loan with Department of education has been referred to an outside collection agency. CBE Group. I have yet to contact them nor heard any contact from them. My idea was (the most time consuming) wait for CBE to report on my credit report than dispute the Department of Education negatives. They should be deleted at that time because CBE is now reporting the negative. Then go to ACS to demand repayment for the 17K that was returned and use that money to pay CBE for a pay for delete - 17K is a nice chunk for a Collection agency to collect on so they might do it. (they have done it for less) Sound good? My next question is: What if ACS refuses to repay the money for the loan that was refused originally. Now im stuck with a 17K collection that I cant pay back. and a loan from ACS that payments and apr were figured at 48K instead of just 28K from Loan 1. Do I have any Legal recourse? Its all sounds a fraudulent to me. And it could have all been avoided if a few people did thier jobs in the beginning.

So im getting ready to buy a house and it looks like this might be my only snag. here is a statment of events that I typed up for the Morgage people In June 2006, my wife and I decided to consolidate school loans with Academic Loan Group. Loan balances were: Loan1 – Direct Loans – $28,310 Loan2 - Direct Loans/Dept of Education - $16,906 After paperwork was signed, my wife and I made payments to ACS as expected. In May 2007, I started receiving default notices from Department of Education that my school loan was in default. I called them and advised the collections department that my loan had been consolidated with my wife’s school loan with ACS. They said they would research it and get back to me. I never heard back from anyone, so I assumed it was OK. In June I pulled my credit report using truecredit.com and noticed that the loans were now in charge off status. I called Department of Education and spoke to someone helpful that informed me that I was mistaken about ACS having my loan. They said that ACS did mail a check to them, but it was returned because it was made out to “Direct Loans” and should have been made out to “Department of Education”. After further review I found that ACS took the payment back and instead of issuing a new check to “Department of Education” they just applied the returned check to my balance and never informed me of any of this. When my wife contact them mid june, they simply told her that yes the payment was sent back but they were unsure why. They would research and call her back. She has yet to receive a call back. In the meantime I found out that my default loan with Department of education has been referred to an outside collection agency. CBE Group. I have yet to contact them nor heard any contact from them. My idea was (the most time consuming) wait for CBE to report on my credit report than dispute the Department of Education negatives. They should be deleted at that time because CBE is now reporting the negative. Then go to ACS to demand repayment for the 17K that was returned and use that money to pay CBE for a pay for delete - 17K is a nice chunk for a Collection agency to collect on so they might do it. (they have done it for less) Sound good? My next question is: What if ACS refuses to repay the money for the loan that was refused originally. Now im stuck with a 17K collection that I cant pay back. and a loan from ACS that payments and apr were figured at 48K instead of just 28K from Loan 1. Do I have any Legal recourse? Its all sounds a fraudulent to me. And it could have all been avoided if a few people did thier jobs in the beginning.

Doesnt this have a 7 year shelf live. My Transunion shows it to be deleted in 2009. It was discharged 12/1999

its under accounts in good standing

I dont think i still owe. it was 9 yrs ago. It never went to a CA, so i think i paid it in full. It should be deleted right

Im assuming you sent a copy of the police report to the oc right? They should delete it if you have a copy and have sent it to them

Not yet. thats on my to-do list today. I wanted to make sure i was right before i cussed them out. I think its positive, it doesnt really specify. my original credit limit is 300.00, my high balance is 520.00 and the status says closed: 473 past due as of july 1998

I have a target account on my Experian credit report that was closed in 1998. I recently sent Experian a letter stating that it was over 7 years and needs to be deleted. they sent me a credit report back stating this account is scheduled to continue on record until July 2008. by my math, thats 10 years. is this correct

guccimark let me know if you go through with this. id be interested in sending you a pfd

Good luck with Chase. Let me know if it works. I have a 30 day late and it is thier fault 100%, but they admit no fault nor will they change it

I recently also had a collection from CMI on my credit report. I mearly called them up and spoke to the representative and asked them that if I pay in full if they will delete it. They aggreed and deleted it only a couple days after my payment posted. They said that the reason that they could agree to this is because they didnt have any correspondance from me in the past. Not sure how it will work if you have spoken to them before

I guess I win. My wife has one for 1.97 from a medical messup that they wont delete. its been paid off for ever. it hardly was worth the stamp to mail it in. they keep validating it as a now 0 balance

Does anyone know anything about Patelco's Secured Credit cards. Do they work like BofA. Are they Prime?

I applied for a card from them and they turned me down because of a paid off chargeoff they have in thier system from me from about 5 yrs ago. they said that was the reason they turned me down