vader Posted May 28, 2004 Report Share Posted May 28, 2004 I have 2 First USA accts that are currently showing on my CR as charge-off with a balance due. However, I settled with the CA that was handling the acct. after CO. One was settled over 6 months ago but still shows a balance. The other was only settled last month. So, is the CA legally required to report to the OC that the acct is paid in full? I have a letter from the CA that says it is.I would actually like to get it totally deleted, so is it a better approach to just send a copy of the settlement letter to the CRAs and hope they delete it or is this a waste of time? I'm thinking that the CRAs would just send a report tot he OC saying I claimed a zero balance and the OC would answer; no, there is a balance, because the CA didn't tell them. But several people on this board seem to indicate they have had accts totally deleted just by disputing the acct as "not mine" with the CRAs.I'm confused as to which way to handle this. Link to comment Share on other sites More sharing options...
E Montgomery Posted May 28, 2004 Report Share Posted May 28, 2004 Depends on who owns the account. If the OC owns the account then HELL YES the CA should have told them. But if the CA owns it they have no obligation to advise the OC that the payment was made. Link to comment Share on other sites More sharing options...
vader Posted May 28, 2004 Author Report Share Posted May 28, 2004 There is no indication that the CA owns the acct. In fact their letter refers to the OC as "our client". So which is the better approach to get the acct deleted,dispute with CRA, OC or CA?The goal is to get the acct deleted rather than they change the balance to 0 and still show it as a charge-off. Link to comment Share on other sites More sharing options...
E Montgomery Posted June 2, 2004 Report Share Posted June 2, 2004 I would dispute the CA and the CRA. Let the CA try to get validation from the OC (it should take them awhile.) Meantime, the clock is ticking on the CRA dispute. Link to comment Share on other sites More sharing options...
ghacorp Posted June 3, 2004 Report Share Posted June 3, 2004 Most OC's and debt owners have online access to view the status of accounts in collection. Link to comment Share on other sites More sharing options...
vader Posted June 4, 2004 Author Report Share Posted June 4, 2004 Most OC's and debt owners have online access to view the status of accounts in collection.Ya, but the problem is the CA got the payment but apparently has not reported it to the OC as paid. Link to comment Share on other sites More sharing options...
E Montgomery Posted June 4, 2004 Report Share Posted June 4, 2004 If you have a copy of the money order or check you used to pay it, send it and any settlement letters the CA sent you to the OC. Hopefully that should take care of the problem. Link to comment Share on other sites More sharing options...
vader Posted June 5, 2004 Author Report Share Posted June 5, 2004 I sent a CMRR letter to the CA to see if they will respond. if they do not I will contact the OC. I have the settlement letter and canceled check to prove my case. Link to comment Share on other sites More sharing options...
E Montgomery Posted June 8, 2004 Report Share Posted June 8, 2004 Good deal. Link to comment Share on other sites More sharing options...
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