thestr8circlesd Posted March 9, 2005 Report Share Posted March 9, 2005 hey everyone,Quick question. I have a supposed debt from January of 1999 reported by California Financial Credit Association that has been reporting a total of $2143 for the past 5 years. I have disputed this CA with all of the CRA's having it removed from TU and EQ. Today I checked my EXP credit report and the total is now $4,360 dropping my score by 50 points and they have not responded to my DV . This seems to be a violation of some sort, is it? They have not yet verified it with EXP and the dispute is to be completed on 3/20. What should I do?Thanks in advance. Link to comment Share on other sites More sharing options...
thestr8circlesd Posted March 11, 2005 Author Report Share Posted March 11, 2005 bump.....anyone? Link to comment Share on other sites More sharing options...
thestr8circlesd Posted March 13, 2005 Author Report Share Posted March 13, 2005 nobody? Link to comment Share on other sites More sharing options...
thestr8circlesd Posted March 13, 2005 Author Report Share Posted March 13, 2005 nobody? Link to comment Share on other sites More sharing options...
LadyButler Posted March 13, 2005 Report Share Posted March 13, 2005 Do you have records of your old CRs showing the total? Do you have records showing the original amount owed? First off... if you don't need credit in the next 10 months... you can just sit tight... your 7 years are up next January. Have they noted the account as disputed? If not... that's a violation. As for reporting the balance incorrectly... just as you're DV'ing them... sounds like malice to me! Someone else will have to give the exact violations... but no... it's not right... Good luck! Link to comment Share on other sites More sharing options...
LadyButler Posted March 13, 2005 Report Share Posted March 13, 2005 Do you have records of your old CRs showing the total? Do you have records showing the original amount owed? First off... if you don't need credit in the next 10 months... you can just sit tight... your 7 years are up next January. Have they noted the account as disputed? If not... that's a violation. As for reporting the balance incorrectly... just as you're DV'ing them... sounds like malice to me! Someone else will have to give the exact violations... but no... it's not right... Good luck! Link to comment Share on other sites More sharing options...
alizain Posted March 21, 2005 Report Share Posted March 21, 2005 collection balances dont hurt your score...check the date of last activity looks like they can might have updated the info and illegally changed that so that they can report this account for a longer time Link to comment Share on other sites More sharing options...
score booster Posted March 21, 2005 Report Share Posted March 21, 2005 It's not illegal to report past the sol or seek payment past the sol. If they do attempt litigation you may tell them the debt is time-barred. How long ago did you DV them? Did you wait to receive your greencard from the CA and then dispute with exp.? If they continue to report this without validating then they are in violation. You can follow up with exp and the ca informing them of their violations. As far as the doubling of the amount that's probably the magic of compounding interest. You should check your state usury laws. That looks to be over 20%. On a last note, if 1/99 was indeed the DOLA, this should drop off in 7/06. 180 days plus 7 years. Link to comment Share on other sites More sharing options...
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