Romeol99 Posted October 7, 2004 Report Share Posted October 7, 2004 Could CA delete the tradeline of my OC of the DV works? CA hasn't touch my credit, only the OC which is Citi. The CA is representing OC.CA is Northland Group and OC is Citi. Link to comment Share on other sites More sharing options...
DocPC Posted October 7, 2004 Report Share Posted October 7, 2004 No, they cannot. Only the OC can remove it. The CA CAN ask the OC if they will though. Link to comment Share on other sites More sharing options...
Romeol99 Posted October 7, 2004 Author Report Share Posted October 7, 2004 Then could I do in my case? CA has contacted me several times for me, however, they have not touch my Credit Report. CA is not even mentioned in my credit report. Link to comment Share on other sites More sharing options...
breathing_easier Posted October 7, 2004 Report Share Posted October 7, 2004 If the CA is acting as an agent of the OC, then they can recommend removal to the OC, but it's still the OC's decision. If the CA is a junk debt buyer which has purchased the account, then the OC no longer has any interest in the account. Very tough to get them to delete when they sold the account for pennies on the dollar, even if they did get a tax write-off. Link to comment Share on other sites More sharing options...
Romeol99 Posted October 7, 2004 Author Report Share Posted October 7, 2004 What you you are saying is there nothing I can do? Absalutely nothing!!?? Link to comment Share on other sites More sharing options...
breathing_easier Posted October 7, 2004 Report Share Posted October 7, 2004 What you you are saying is there nothing I can do? Absalutely nothing!!??Once again, if the CA is an agent of the OC, then you can ask the CA to request that the OC delete the negative TL in return for your payment of the account (or settlement). Also, if the CA is an agent of the OC, you can contact the OC and ask if they will take the account back so that you can deal directly with them. If they say no, then you're stuck dealing with the CA. If you do call the OC, they will also tell you whether they've sold the account. You can always send them a goodwill letter and ask that they delete their tradeline, but it will depend upon how generous they're feeling. I have a TL where the OC sold the account in 2002 and I subsequently paid the CA in full (not realizing they were a junk debt buyer...thought they were acting on behalf of the OC). The CA never reported, but the OC is still reporting. I sent them a goodwill letter and they replied for simply, "This is no longer are account. You will need to contact XYZ Company." The OC's negative TL remains to this day. I keep attacking via disputes every which way, but no luck yet. So yes, you can try to get the TL deleted. Just don't get your hopes up. Link to comment Share on other sites More sharing options...
Romeol99 Posted October 7, 2004 Author Report Share Posted October 7, 2004 Thanks for the advise.... I will deal with both of them and try my best to delete it for payment.Man.. I can't believe they are reporting it... Why don't you try credit attorneys? They might help Link to comment Share on other sites More sharing options...
Romeol99 Posted October 7, 2004 Author Report Share Posted October 7, 2004 Thanks for the advise.... I will deal with both of them and try my best to delete it for payment.Man.. I can't believe they are reporting it... Why don't you try credit attorneys? They might help Link to comment Share on other sites More sharing options...
breathing_easier Posted October 8, 2004 Report Share Posted October 8, 2004 Man.. I can't believe they are reporting it... Why don't you try credit attorneys? They might helpThere is nothing a credit attorney can do that I can't do myself. The main thing is that my OC's TL is an accurate TL. I am at their mercy to get it removed. I'll keep trying, but in the end I may be stuck with it for the full seven years. But, the fact of the matter is that it was a legitimate debt. I paid it in full, just to the wrong party! It's my fault that I didn't educate myself first and that I allowed a third-party to handle my negotiations. I take responsibility for that. If my "punishment" is a negative TL for seven years, so be it, but I'm also hoping for early parole. Link to comment Share on other sites More sharing options...
retmar Posted October 8, 2004 Report Share Posted October 8, 2004 Breathing, I must ask what does the TL say? Does it say "sold or transferred" with a Zero balance? Does it show the involved lates? If yes, it is correct. If not, you can dispute for those reasons. If all is correct, why not try a "not mine" dispute during CHOD and see what happens. Link to comment Share on other sites More sharing options...
breathing_easier Posted October 8, 2004 Report Share Posted October 8, 2004 retmar: On Experian it is reporting as $0 balance with the correct high balance. The Remarks report as "Purchased by another lender." However, the Status continues to read "Account charged off/past due 150 days. $XXXX (full balance) written off." The OC maintains that since this was the status at the time they charged off the account, it is accurate. However, since they sold the account, they could not have written off the entire balance. But if they did take credit for a full write-off, perhaps the IRS would be interested (I know, I know, it'd be small potatoes in the eyes of the IRS). I've disputed the TL as "Not Mine" twice (a year apart) and it came back verified both times (the last time being in 8/04). The amount stated as being written off is a lot, and I'm sure it would raise the eyebrows of any lender. Since the junk debt buyer to whom I inadvertently paid the full balance is not reporting (which is actually a good thing), there's nothing that I can point out to them to say "But see, I did pay the account in full." I've done quite a bit of research and read a lot of different opinions about whether an OC can still report a status of Past Due XXX Days when the account has been sold. The way I see it, it misrepresents the true status of account. This is the most damaging of the three TLs and, wouldn't you know, EX is the report my mortgage and auto finance company pull. TransUnion is reporting it as $0 balance and with the correct high balance. The Status reports as "Collection/Chargeoff" and the Remarks as "Payment after charge off/collection. Account closed by consumer." So TU is a little better than EX in that it sounds as if I paid them directly and that I closed the account. But the chargeoff notation is a FICO killer.Surprisingly, EQ is reporting as $0 balance (with $0 high balance) and Status of "Pays As Agreed." No Remarks listed. Obviously, that TL is a keeper. Ideally, I'd like them all to read this way, but I think my only hope is full deletion.What are your thoughts? Link to comment Share on other sites More sharing options...
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