Quick question about Debts not belinging to you

[lockedupspirit]

I had an account with a cell phone company and the company ai worked for agreed upon my employment that they would take over the responsibilty of paying that account.

Long story short, their former accountant(we now have a new one) was a complete idiot and without my knowledge, the account went into collections. I have now been denied a mortgage application.

our current accountant has agreed to pay the debt and my superiors are more then willing to write letters on my behalf claiming responsibilty for this debt. I need to know if I should simply dispute this as incorrect with the big three or should I simply say, yes, the debt was mine but not my responsibilty to pay?

[someonesomewhere]

If it's on your CR with a CA, then DV it.

[rm2738]

I had an account with a cell phone company and the company ai worked for agreed upon my employment that they would take over the responsibilty of paying that account.

Long story short, their former accountant(we now have a new one) was a complete idiot and without my knowledge, the account went into collections. I have now been denied a mortgage application.

our current accountant has agreed to pay the debt and my superiors are more then willing to write letters on my behalf claiming responsibilty for this debt. I need to know if I should simply dispute this as incorrect with the big three or should I simply say, yes, the debt was mine but not my responsibilty to pay?

If your company is going to pay it, just negotiate a pay for delete.

[gypsie]

I had an account with a cell phone company and the company ai worked for agreed upon my employment that they would take over the responsibilty of paying that account.

Long story short, their former accountant(we now have a new one) was a complete idiot and without my knowledge, the account went into collections. I have now been denied a mortgage application.

our current accountant has agreed to pay the debt and my superiors are more then willing to write letters on my behalf claiming responsibilty for this debt. I need to know if I should simply dispute this as incorrect with the big three or should I simply say, yes, the debt was mine but not my responsibilty to pay?

I know of a similar situation. Unfortunately there's nothing under the FCRA to cover this. However, I can tell you what a local attorney said here.

I too have a cell phone and a corporate VISA thru my employer. I had to sign an agreement stating I agree to submit all of my reciepts and statements to the corporate office and once approved, the company will pay the balance. The company agrees to pay timely. As part of the agreement- there states a section that I am not to make any payments unless approved by my employer. ( Such as I want to use the corporate card for personal use ).

The company did not pay the balance on one of my co-workers VISA statements and it became a CO and showed up on her all 3 of her CRs as a CO. She consulted an attorney. He advised her to file a lawsuit with the employer since the agreement was signed.

She finally threatened the employer with a lawsuit. The employer did paid the CO amount and disputed with US Bank- (the VISA)- stating there were payment issues on US Bank's part and the employer was not able to make the payments timely.

My co-worker obtained statements from the employer and US Bank, then sent the CRA the original agreement she signed for the coporate card and after 3 months, the CRAs deleted the TLs. But it was not easy.

In your situation- you're probably going to end up with a "paid collection", You could ask your company to negociate a PFD - may work if the OC still owns the debt.

IMO- you should start out as disputing "not mine", if it comes back verified (and it probably will), dispute again sending copies of your contract and any statements you have from your employer, consult an attorney if the TL remains and see what other options you have- ESPECIALLY since you've already been denied a mortgage.

Other options- try DVing the CA even after it's paid- and see if they respond, goodwill letters sent from you and your company may work.

Good Luck on this one!

[IHateCAs]

So this was your personal cell phone, you joined a company and they agreed to pay you for it?

Not quite the same as being issued a cell phone by the company you work for.

[divemedic]

Let me see if I understand.

You entered into a contract with a cell company for cell service.

The cell company provided that service.

A third party (your employer) agreed to pay for the service.

The cell company did not agree to modify the contract, and may not even have been aware of the third party's offer.

The third party failed to perform.

The cell company, wanting to get paid, has sent the matter to collections.

Is that the gist of it?

If so, the cell company cannot be expected to go after your boss. Any arrangement you had with your employer is not the cell company's problem. It is up to you to enforce that deal. The cell company, having a contract with YOU, not your employer, is enforcing their rights under the terms of the contract.

You could try good will.

[nascar]

our current accountant has agreed to pay the debt and my superiors are more then willing to write letters on my behalf claiming responsibilty for this debt. I need to know if I should simply dispute this as incorrect with the big three or should I simply say, yes, the debt was mine but not my responsibilty to pay?

An agreement to pay someone elses debt...that's one of those things that have to be in writing to have legal effect. The CA won't care who is paying the bill. Your best bet might be to have OC pull the account back from the CA (claiming error) prior to payment, then DV the CA to get the delete. Otherwise you may end up with a paid collection and no leverage to delete.

[Gary Craig]

Hi lockedupspirit,

I'm a loan officer and have seen this many times. The secret of getting this rectified, is getting the letters showing accounts paid. The L/O you were dealing with, surprised he didn't tell you this?

It is to job of the loan officer to understand your situation, discuss and recommend the best course of action in getting your loan done. If you are unhappy with him, there's many more experienced L/O's out there......

The interest rate people get when applying for loans, are based on three things. Your credit score, the value of your home (amount of equity), and your last two years of work. If you have paperwork in hand showing this debt closed - conforming interest rates are really low right now, you should attempt to apply for a loan an lock an low rate in. This will save you money.

When a borrower gets approved for a loan, usually there are conditions. This would be one that would have to be satisfied.

You can dispute your credit report yourself. To get this wrong information removed. You can do this on line - but if you have the satisfaction, I suggest mailing a copy with a dispute letter.

Good Luck