Patty Posted September 23, 2004 Report Share Posted September 23, 2004 I pulled my credit report and I have 1 revolving account that I would like to take care of. In 2002 we settled less than full balance on this credit card account. It shows the last time this was reported was 9-6-04 just recently is it because I still actually owe $191? What are my options regarding this cause they will prob keep reporting this and it will never come off my record! I think this is keeping my score low 614. I have no other medical bills and my house and car note are paid on time. Thanks in Advance Link to comment Share on other sites More sharing options...
anti-something Posted September 23, 2004 Report Share Posted September 23, 2004 do you have a written settlement agreement?is this the OC reporting? Link to comment Share on other sites More sharing options...
Patty Posted September 23, 2004 Author Report Share Posted September 23, 2004 Yes, I do letter is dated June 6-02 captial oneBalance 614.15Dear (my name), This office to accept $500.00 as a final settlement on the account listed above, The first payment is due in the amount of $500.00 and is to be received no later than 6-6-02.The above arrangement is the settlement in full and final payment (s) of the account listed above. Please contact our office immediately (phone #) for further information..It shows status:Collection/ChargeOffSincerly, capital oneVan Ru credit corporationI sent them there payment of $500.00 western union June 6-02! What do I do now? Thanks so much! Link to comment Share on other sites More sharing options...
anti-something Posted September 23, 2004 Report Share Posted September 23, 2004 well, i would suggest contacting them (CMRRR) and saying they are reporting inaccurate information, you have a letter saying the settlement was payment in full, they cannot now report a balance. send a copy of the agreement and give them 15 days to delete. ask for the delete since they have been reporting this inaccurate information, use it as leverage to get them to delete. since their last update is so recent i dont think disputing thru the CRA would be a good idea just yet, as they would probably have some kind of auto reply that says sure, that information is correct. so wait on the dispute to the CRAs til you either get a reply from them, or you feel you have been ignored. do all your disputing by mail CMRRR so you have a nice papertrail showing how you tried to get them to fix the problem. Link to comment Share on other sites More sharing options...
Patty Posted September 23, 2004 Author Report Share Posted September 23, 2004 Okay, is there some sort of letter to use as a guide? What are my chances they will delete this? Link to comment Share on other sites More sharing options...
Kristin36 Posted September 23, 2004 Report Share Posted September 23, 2004 Van Ru....JBD....SUCKS!!!Do you realize that in even ASKING you to send it Western Union, let alone the fact that you DID it....they violated the FDCPA??? They caused you to incur MORE debt in obtaining/sending the Western Union. They are REALLY good at violations. That's why I always tell 'em to If I were you, I'd ding 'em. 1K for the WU, and 1K for not upholding their agreement.The other option is to send a letter and demand they do complete delete in EXCHANGE for not suing 'em. Link to comment Share on other sites More sharing options...
Patty Posted September 23, 2004 Author Report Share Posted September 23, 2004 Sure I could probably sue them if worse comes to worse but, for starters I will ask them to delete this off my cr and I dont hear from them..Then I will go see our lawyer. First I need to find a letter so I can get this off to them asap. Im leaving for out of state tom morning and would like to address this before I DO. I have no idea how to write this letter so can anybody help me please. Thanks Link to comment Share on other sites More sharing options...
anti-something Posted September 23, 2004 Report Share Posted September 23, 2004 dear scuzzbuckets,i have recently purchased my credit report and discovered that your company is reporting inaccurate information.according to the settlement agreement between myself and 'scuzzbuckets' my payment of $$$ was considered payment in full on this account #000XXX000. therefore there is no longer a balance owed on this account and i am demanding that you delete this erronous information within 15 days of your tracked and receipted acceptance of this letter.this inaccurate reporting has, and continues to, cause damage to my credit rating, and your failure to correct this problem in a timely manner will force me to consider legal action against you.or something like that, personalise it Link to comment Share on other sites More sharing options...
Patty Posted September 23, 2004 Author Report Share Posted September 23, 2004 Thank You..Heading to the currency exchange to get this notorized. The only thing I cant figure out is why it shows on cr high balance of 191..when amount of balance on their letter shows 614.15 and we settled for 500..would be a difference of 114.15 not 191. Link to comment Share on other sites More sharing options...
J_Snow Posted September 23, 2004 Report Share Posted September 23, 2004 You dont have to notorize your letter. In fact, I wouldnt even sign it. Just type your name. If you get them to delete the tradeline altogether, then it doesnt matter whats on there now.Also, keep this in mind... the balance showing probably isnt doing much damage to your score if its over a year or two old. the charge off is, but again, it may not be as much as you think. No-if this was a longstanding account with a lot of history-and it suddenly goes *poof*-you can actually expect a DROP in your score in the short term.... I just want you to be prepared. I dont know what your specific circumstances are. Link to comment Share on other sites More sharing options...
Patty Posted September 23, 2004 Author Report Share Posted September 23, 2004 I want to Thank Everybody for their knowledge and helpfulness. And, to let you that I decided to work this out before the letter.. unfortunately I didn't get no where with Van Ru, the guy new what I was talking bout and told me it takes time to report these things..GRRRR but, I did talk to a acct.specialist at capitol one and she was very polite and I told her that problem was this acct was paid over 2 yrs ago 6-7-02 and now it shows reported 9-9-04 and could they please fix it and she asked me who did I pull my cr from and I told her transunion and she said okay to expect within 90 days that it will state june 2001..and im thinking 2001..lol i think she meant 2002 so will see lol I asked her to delete this false information as it was effecting my credit and she said they couldnt do that. So I'll wait 90 days and recheck. Link to comment Share on other sites More sharing options...
Relocated Posted September 23, 2004 Report Share Posted September 23, 2004 Good luck.I have gone through three months of hell with Capital One for similar account.I dsiputed a balance showing - I had paid it off in 2002 with a c/o of 2001.Balance fixed, BUT EFX and EXP then showed c/o of June 2004.Rating dropped like a rock.EFX fixed OK.EXP verified.Disputed again.Numerous calls to Cap1.Now shows c/o of 2002.Cap1 say they are reporting correct - EXP says on no they aren't.I say to Cap 1 "Send me a letter saying c/o in 2001 to confirm what you are telling me"."NO!"Cap1 awkward - esp the supervisor.Just cancelled all my cap1 cards.Still arguing.I'm FREE! Link to comment Share on other sites More sharing options...
jordanmorganusa Posted September 24, 2004 Report Share Posted September 24, 2004 their state AG outlining what happened. I already wrote an email about this today. I have done it, and it DOES work. Link to comment Share on other sites More sharing options...
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