unjaded Posted December 14, 2004 Report Share Posted December 14, 2004 I dv'd a CA last month and received validation last week. I offered them full payment for delete and they agreed. Their agreement states:"I, an unauthorized representative of (CA), agree to delete any and all references to this account (acct #) with the three main credit reporting agencies (Experian, Transunion, and Equifax) upon reciept of payment in full.My signature below serves as a binding agreement between the two parties listed above."It is then signed by an authorized rep from the CA and dated today.The rep then told me that they will tell the CRAs that it was originally reported in error and request that they delete the TL. So does it sound like I'm in the clear with this tradeline? Link to comment Share on other sites More sharing options...
DocPC Posted December 14, 2004 Report Share Posted December 14, 2004 Have them add Innovis as well. Link to comment Share on other sites More sharing options...
willingtocope Posted December 14, 2004 Report Share Posted December 14, 2004 Does sound to good to be true. What about the TL from the OC? How is that being reported? Clearing the CA doesn't do you much good if the other stays.Also, if you have something in writing where the CA admits the TL was in error...maybe it actually is, and they know it.. Link to comment Share on other sites More sharing options...
unjaded Posted December 14, 2004 Author Report Share Posted December 14, 2004 Technically, the debt is a valid debt owed by me. As for the OC, this is the only CA they work with and the CA seems to think that once they have it deleted the OC will follow suit if I request it. I was more worried about the CA account showing on the report because it was listed under collections. The OC is only listed on one report and it shows $0 balance and placed for collection; however it isn't listed in the collections section of my report, only the TL section. I thought that might make a difference in the way FICO reads it. For instance FICO might be lower because of an account showing in the collections portion, but I might squeeze out a few more points if it's only listed in the TL section. Make sense? Anyway, the rep said that the OC will be notified that the debt is paid by the end of the week so I'll contact them next week. Link to comment Share on other sites More sharing options...
wunderwoman Posted December 14, 2004 Report Share Posted December 14, 2004 why does it say this? "I, an UNauthorized representative of (CA), Unless you made a typo, it shouldn't say that they are NOT authorized to do anything. You always need to make sure the person making the agreement is authorized to do so. If "they" made a typo, I would wait for a new letter that has "I an authorized..." This could be how they try to get you. Link to comment Share on other sites More sharing options...
DocPC Posted December 14, 2004 Report Share Posted December 14, 2004 why does it say this? "I, an UNauthorized representative of (CA), Unless you made a typo, it shouldn't say that they are NOT authorized to do anything. You always need to make sure the person making the agreement is authorized to do so. If "they" made a typo, I would wait for a new letter that has "I an authorized..." This could be how they try to get you.Good catch! I missed it. Link to comment Share on other sites More sharing options...
willingtocope Posted December 14, 2004 Report Share Posted December 14, 2004 Very good catch!And...never assume that the CA can speak for the OC. As it stands right now, both TL are hurting you. You need something in writing from both that to do any good on your CRs. Link to comment Share on other sites More sharing options...
unjaded Posted December 14, 2004 Author Report Share Posted December 14, 2004 That was my typo. Sorry!I know the CA can't speak for the OC. I still consider it somewhat of a victory to get the CA to delete, especially since that was the only active negative account on my reports. IMO, with both the CA and OC listing the account FICO was seeing it as 2 negatives instead of just one, now they will only see one. I had to pay it anyway (per my mortgage lender) the delete just makes it easier to pay. I'm going to send the OC a goodwill letter next week and hope they are as cool about it as the CA was. Link to comment Share on other sites More sharing options...
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