OC vs CA - Where to Begin?

[grantjeffries]

I have a credit card account opened in '90 that was late from '93 until it charged off in 2000. The creditor's statement is "Account transferred to another lender" but it also states "Sold to 1stBank/Sold to XYZ Collection Agency". The OC is listing 7-2006 as the reporting date and I have not heard from them in years.

XYZ Collection Agency is also on my report as a collection account showing a reporting date of 3-2007.

Not knowing any better, a year ago I sent a letter to the CRA disputed the OC as having the wrong drop off date and the CA account as improperly listed twice. The CRA verified the OC as being properly reported and the CA as legit.

The SOL in my state is 5 years. How should proceed? Should I send a DV letter to the CA? Will that cause a stir if they are not currently bothering me?

What about the OC? How can i get that off of the report? Would the OC be able to show verify again? The last time I used the card was probably '95. Would there still be a signed copy of the contract from 1990?

[kb9tbq]

Something is not right there drop off date should be 7/2007, or else the charge off date is wrong and it was actually 7/1999.

This makes more since - because if the Asigned Date 3/2000 then 7 months prior would be 7/1999 as 1st Delinquency Date.

So following this your expiration date on both OC / CA listing should be 3/2007! So the real SOL date expiration will be 3/2005.

Your still within their grasp for legal action, would be best to sit for a bit, but if you say having disputed once did not wake them up. You might be bold enough to try again disputing with the CRAs. Then if they jump fall back on sending them a DV Letter. 50/50 chance here, being that the drop off date for the OC is actually giving you a year early by regular means to bump off both tradelines.

[Edit by kb9tbq on Friday, June 6, 2003 @ 07:40 PM]

[grantjeffries]

<blockquote>Originally posted by kb9tbq

Something is not right there drop off date should be 7/2007, or else the charge off date is wrong and it was actually 7/1999.

This makes more since - because if the Asigned Date 3/2000 then 7 months prior would be 7/1999 as 1st Delinquency Date.

[Edit by kb9tbq on Friday, June 6, 2003 @ 07:40 PM]

</blockquote>

Yes that is correct. The delinquency that led up to the charge off was in 7-1999.

<blockquote>Originally posted by kb9tbq

Your still within their grasp for legal action, would be best to sit for a bit, but if you say having disputed once did not wake them up. You might be bold enough to try again disputing with the CRAs. Then if they jump fall back on sending them a DV Letter. 50/50 chance here, being that the drop off date for the OC is actually giving you a year early by regular means to bump off both tradelines.

[Edit by kb9tbq on Friday, June 6, 2003 @ 07:40 PM]

</blockquote>

Should I send a DV letter to the CA and then dispute with the CRA when i get the green card back?

If not, how can I get the OC off? Would the OC be able to verify again?

The last time I used the card was probably '95. Would there still be a signed copy of the contract from 1990?

Can someone please walk me through the proper steps...duh :sick:

[kb9tbq]

Been a year since your 1st dispute on this matter - would suggest disputing once more with the CRA "no knowledge of account" just to test the waters and see how it comes back.

If it is verified, so after disputing errors in the reporting, like incorrect status; incorrect balance; incorrect last activity date.... keep it up.

If the collection company / original creditor is of the mind to keep verify and nothing more - have at is. Sooner or later, you might just catch them snoozing. And BINGO tradeline gone.

Leave the collection agency alone at this time, till you hear from them, if you do. Then once that happens send DV Letter to them.