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Found 18 results

  1. Hello, I must thank everyone who contributes here so much. I started cleaning up my credit about two months ago. I had five collections and two charge offs on my EQ. I depended on the advise given here and sent some verification letters and also disputed with the CRAs and followed up with a MOV after the disputes. Two CA's deleted right away and sent letters saying they are no longer collecting on my account. After the MOV, EQ deleted all my other three remaining collections accounts. As of today, I have only one charge off from a credit union. My score has jumped 35 points, from fair t
  2. I had a charge off from a credit union that went into collections. After the transfer of the debt, the credit union still kept reporting the balance owed. They actually farmed it out to two CAs who where both reporting the balance on my credit at the same time. The CU didn't report the balance as zero. So I kind of had a "triple jeopardy" situation. After I called the credit union they said they had taken the account from the 1st CA back in 2013 and sent it to the 2nd CA. They also took it from the 2nd CA in 2015 and brought it back in-house. But both CAs kept reporting I owed the same amount
  3. I've been going back & forth with Wells Fargo and we are at a 35% settlement offer, has anyone experienced where if I offered to pay 100% of the debt that WFNNB would agree to a deletion of the entry similar to what I've heard has occurred with traditional collection agencies?
  4. Hello. I have several charge offs in my credit report that I would like to resolve. According to what I read: Charge-Offs. Try disputing the information within the listing, like the date the account was opened, the high balance, the amount owed, etc. If any of the information is incorrect, you have a good chance of getting the whole thing deleted off of your report. Can someone please explain further what "disputing the information within the listing means" ??? Who do I need to dispute the information with? The collection agency or the credit bureau directly? Any other
  5. Hello everyone, I have a multitude of questions that I need advice for. A couple of years back, around 2010 I had a couple of student loans that went into chargoff, I was able to have 2 of them in rehabilitation and are no longer affecting my credit. One of them however, has charged off, it is pretty high around 17000 dollars, however I have been paying them monthly over the course of 5 or 6 years. What I do not understand is why, even though I am making payments every month, they report it to the credit agencies as a charge off. I've offered them money to just take it off my cr
  6. So I have checked all 3 CRAs and I'm finding discrepancies. For example, a CareCredit loan for $1,212 is reported as Charged off-Derogatory on one CR and Charge off-Transfered/Sold and Closed 03/13 on another. Can I dispute this because they are different and maybe get it removed? Also, I've never been contacted by CareCredit or a CA trying to collect this debt and no one has reported it since CareCredit closed the account. I want to pay it and get the CO removed, but my CR says they sold it and there is no reporting of who owns the debt so I don't really know where to go from here. Anothe
  7. I have a charge off account with a credit union that is due to drop off my report 6/2016. On my Equifax report it's listed as open with a past due balance. On my Transunion report it shows as closed. Experience not reporting. How do I correct this with Equifax? I've disputed, filed a BBB, and CFPB. Equifax recently sent report saying the account is reporting correctly and it's not closed. This account is with an outside collection agency. Why am I being punish twice? I've contacted the original creditor and all they do is direct me to OCA. Help please this is holding down my Equifax score. fic
  8. I have an old Kohls charge off for 900 dollars over 4 years old. However what they are showing is a credit line for 100 dollars on the acct event though its charged off. So at least on Equifax, possibly the other credit agencys its showing that I am 900 Percent Utilization on that account. I am rebuilding my credit but only have a couple small credit lines. so my over all utilization is well over 400 percent which is hurting my credit score much more than the old charge off. My question is- is this Legal? How can I have an active credit line on an account that was charged off almost 4 years
  9. Hi - I'm in NY. After racking up sizable debt with my ex-fiancee (she: sometimes co-applicant, sometimes authorized user, sometimes just a mooch), we have separated. She refused to contribute $ after the split, so I paid the minimums for as long as I could. (I paid 10s of thousands - she paid zero.) Since then, the accounts have been unpaid, and now list on the credit report as "charged off". I have several questions that I hope you can help with. 1) Can the Charge Off get renewed each month? (It "Charge Off" appears monthly on my credit report.) 2) Does "charge-off" mean that the bank n
  10. Hi guys, I hope someone can help me. Long story short: My husband and I are trying to buy a house and there is one final issue that needs resolving to get the loan. I had an old debt with US Bank that was charged off in 2011 and sold to a JDB in 2012. On Experian and Equifax it shows as charged off/sold with a $0 balance to US Bank. On TransUnion, it shows it was charged off and shows a balance of $5400. I called US Bank and they said they do in fact show a balance due, even though the account does not belong to them. The account was settled with the JDB earlier this year. (Something I
  11. Here's what I understand from this webstie about charged off accounts: “A debt that is deemed uncollectable and written off. Also known as a bad debt.” When a debt is charged–off it does not mean that it goes away. Generally, creditors charge–off an account shortly before or right after sending it to a debt collector. Charged–off means the debt is bad, that the account is no longer open and active. The only negative items on my 3 credit reports are a foreclosure from 5 1/2 years ago. That's bad enough for a credit report but even worse, it shows up as two seperate credit items on each rep
  12. I am formulating questions for Admissions. In trying to determine how to formulate my questions, I pulled my credit report to ascertain if I am dealing with an OC or a JDB in this suit. In the report, the OC account is labeled as a "Charge Off". Further down the report, a local collection agency (B0nne*vlle) has taken charge of the account (which agency is the Named Plaintiff in my suit). Under the CA's data it includes the info: "Original Creditor: (Local Bank)". Given this info, I cannot decipher if the OC sold it to the small, local CA? Or if the CA is just handling the collect
  13. So hello to everyone. I have used a couple of different credit repair services in the past. Had great luck with the first one years ago, not so much luck with the last one. They didn't do much at all over the course of almost a year, so I cancelled. I've decided to do it myself this time. I have the time and I've done a TON of reading on credit repair thanks to credit info center. Now, I have a couple of things I can't find answers on and I'm hoping you can help me. The one I'm looking at now is a Charge off from Capital One on my Equifax CR. The odd part is, in the 81 month payment history, e
  14. First off thanks for reading my post. Like many of us have experienced 2008 was a HORRIBLE year. Lost my decent paying job down to nothing for a while then making half of what I was before. Did what many people did and that was max out my credit cards, tried to keep up with the minimums for a little while then couldnt afford that. Went into collections and then I stuck my head in the sand, I pulled my head out once with debt consolidation for a few months in 2009 and couldn't afford that either. I have had my head in the sand ever since because none of the collection agencies were willing to a
  15. I have 3 accounts that have gone to "Charge-off" and say "Closed". I have a Bank of America card that now is in collections with North Star Location Services according to Bank of America but only Bank of America shows on my credit report. I have a Capital One card that is now with Oliphant according to Capital One but Oliphant is not showing on my credit report, just Capital One. Capital One will not accept any money from me since I'm assuming they sold the account but Oliphant has NEVER contacted me about this account. I even sent Oliphant a letter but I have yet to receive a response. I
  16. A verizon account was opened in my name about 3 years ago. I never signed up for this account, there is fraud going on. In 2013, I got a collections letter and decided to respond to it, the only problem is that i sent a DV 2 months after. 30 days after I sent the DV asking for a copy of the contract with my signature on it, they did not respond but instead updated my Credit Report to "charged off". This debt is absolutely not mine, I was under 18 when it was opened in my name. I just want to know what can I do next? I want this off my report. Please help
  17. The first collection account seems to be listed by a collector as a debt buyer account? It states it is a retail account. I never opened a retail account, so I will dispute with CRA first as not mine. What do you recommend afterwards if not removed? What is the best way to tackle this account? I reside in California. 1) Creditor classification: Retail Date opened: 10/06/2010 Balance amount $9,974 Amount past due $9,974 Date of 1st Delinquency: 11/2009 Date Maj. Del. 1st Rptd: 11/2010 Status- Collection Acct Type of Acct-Open Type of Loan-Debt Buyer A