onesocksid Posted August 7, 2006 Report Share Posted August 7, 2006 Hello allI have Palisade Collections showing up on all three of my CRAs and I want to do a DV but I'm a little afraid to start a commotion as they have not bothered me in a number of years. I have some concerns as to the validity of the account and was hoping that someone may be able to help before I stir the waters...here are the specifics...I believe the account is in regards to a CC what was issued by Providian Bank.This is the original information from Providian:Account Name: PROVIDIAN FINANCIAL Account Number: 020064XXXX Acct Type: Credit Line Secured, Revolving Acct Status: Closed Monthly Payment: Date Open: 4/1/2001 Balance: Terms: Revolving High Balance: Limit: $301.00 Past Due: Payment Status: Account transferred to another office Comments: Credit line closed-grantor request-reported by subscriberThis account shows 120 days past due as of June 2003The Palisades Account:Account Name: PALISADES COLLECTION L Account Number: PAL1PROV01849XXXX Acct Type: Unknown - Credit Extension, Review, Or Collection Acct Status: Closed Monthly Payment: Date Open: 7/1/2003 Balance: $924.00 Terms: 1 Month High Balance: Limit: Past Due: $924.00 Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Now this account shows no data before May 2005 then starts off as "keyed derogitory" as of May 2005 till present.So my question is when does the SoL start and am I starting up a storm for myself. The original $300 from Providian is mine but this $900 is ridiculous...and why would both accounts be on my reports. Link to comment Share on other sites More sharing options...
nascar Posted August 7, 2006 Report Share Posted August 7, 2006 Providian appears to be showing a zero balance, so based on that alone, it would appear they are reporting correctly.Your SOL with respect to legal action against you began back when you first went into default on the account (unless you did something to toll it). Find out where you stand with respect to SOL, then deal with your CA accordingly. Link to comment Share on other sites More sharing options...
onesocksid Posted August 7, 2006 Author Report Share Posted August 7, 2006 Thanx for the quick response....according to my CR the the last payment was made in Feb. 2002 and went into 30 days late as of March 2002. So with California having a SoL of 4 years am I correct in guessing that the SoL would've been expired in Feb. 2006 even though Palisades says thier account was opened in July of 2003? Link to comment Share on other sites More sharing options...
lyle7289 Posted August 7, 2006 Report Share Posted August 7, 2006 Do a search for "palisides".....there is a ton of info there.I DV'd Palisides and was able to get two separate accounts deleted from all 3 reports!! Link to comment Share on other sites More sharing options...
onesocksid Posted August 7, 2006 Author Report Share Posted August 7, 2006 I have been reading up on Palisades within these forums and there is quite a bit of info...I was just afraid of stirring up the waters.I'll go ahead and DV them since I dont have to worry about them trying to take me to court. Link to comment Share on other sites More sharing options...
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