Verified Charge Off's?? What's my next step??

[iffaj98]

Hello all!!

I am sooo new at this and trying to take on this giant task of credit repair!

Any help is appreciated..

I disputed my 3 charge off accts with EQ, they all came back as verifed.

I was thinking that my step would be a good will letter to each (Chase Bank when i got card was Citi Bank, Victorias Secert & Express), I don't want to do anymore damage to my report. What should be my next step, I also thought of DV'ing the CRA especially since I know the Chase card was someone else before and hoping they won't be able to.

Any suggestions?? I have read all kinds of posted info.. I just keep getting new info and worrying about doing the right thing!!

:confused:

[MadinKS]

Did you read this?

http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=263069

And this?

http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=264049

If not, it's a good start and should answer your question. BTW, I don't know if you meant DV'ing the CRA. You can't DV a CRA but you can dispute a TL, which you've already done. Read the primer and see if you still have questions. Good luck and welcome.

[someonesomewhere]

I disputed my 3 charge off accts with EQ, they all came back as verifed. I was thinking that my step would be a good will letter to each

Is this a Paid CO or an Unpaid CO? If it's an Unpaid CO, then I don't believe a goodwill letter is going to accomplish anything. If it was a Paid CO, maybe.

What should be my next step

Post a few more specifics. One important thing to know is whether the SOL has run on any of these debts. If so, then the threat of a lawsuit and judgement goes away. If not, there's the chance you could still be sued. Your approach to each TL may need to vary.

[iffaj98]

Is this a Paid CO or an Unpaid CO? If it's an Unpaid CO, then I don't believe a goodwill letter is going to accomplish anything. If it was a Paid CO, maybe.

Post a few more specifics. One important thing to know is whether the SOL has run on any of these debts. If so, then the threat of a lawsuit and judgement goes away. If not, there's the chance you could still be sued. Your approach to each TL may need to vary.

Ok.. They are all paid CO's Chase,Express, Victoria S, all OC's on the EQ report. I haven't been able to navigate my way to find out what to do with OC's.

My other question which may sound completely NUTS is why in the world would they sue me if i already paid them:?:

My other big problem is that when I paid them Express & Victoria S were threating to sue me.. so I really don't remember if I actually paid less then the full amount due, which I don't think I did, hence my trouble with the charge off.. settlement being noted on the accounts. Plus I actually called Victoria's once for a letter and they had no negative record for the acct?

I am so confused on where to start! I hope this info helps you to help me!

:

[MadinKS]

Ok.. They are all paid CO's Chase,Express, Victoria S, all OC's on the EQ report. I haven't been able to navigate my way to find out what to do with OC's.

Here is a letter to send to the OC if you're not satisfied with the CRA's "verified". You can chop (I would definitely chop out the statutes and crap) it to make it alot more simple and fit your situation. Or, If I were you, I would just write that you dispute the information on your CR and that you paid this account on a regular basis and don't recall the negative information they are reporting. Tell them you require verification of the information they are reporting and if they can't produce such information, they need to remove either the whole TL or negative info from all 3 CRA's immediately, yadda yadda.

http://creditinfocenter.com/forms/sampleletter17.shtml

My other question which may sound completely NUTS is why in the world would they sue me if i already paid them

If you did pay them and you can prove it (can you prove it?), then I wouldn't be worried about them suing you for a paid account.

Plus I actually called Victoria's once for a letter and they had no negative record for the acct?

If they can't find negative info on the acct, can they find the positive? Are they saying they can't find any info or just the negative?

Hope I have been of some help. If not, you know where the experts are. Good luck.

[someonesomewhere]

They are all paid CO's

Well, once it's a paid CO, there's little leverage you have.

Were any of them settled for less than the full amount? If so, then that might be one possible bit of leverage you have. For example, $1,300 was owed, it was settled for $800, they wrote off $500, and that $500 (or some portion thereof) might be leverage to negotiate a PFD. You might offer to pay $200 of that $500, because that's all you have at the moment, and they promise to delete the TL. This is something you'll want to do in writing.

Otherwise, goodwilling is about your only possible avenue.

Since you have already disputed with the CRAs, you could try disputing with the OCs and then pursuing MOV with the CRAs. But that seems like a bit of a longshot.

Also, I think if you start disputing with the OCs, that may kill any chance of getting a goodwill deletion. "Heh Bill, ya know that SOB who disputed his paid CO last month? Get this. Now the schmuck wants a goodwill delete. Ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha."

Chase, Express, Victoria S, all OC's on the EQ report.

I would suggest first goodwilling the OCs. You might get lucky. I got 3 goodwill deletes from Chase.

http://www.debt-consolidation-credit-repair-service.com/forums/showpost.php?p=746810&postcount=2

By Express do you mean American Express, aka AMEX? If so, you can give it a shot, but they are very rigid and by the book. I've not yet heard of ANYONE getting goodwill outta them. I tried, twice. No dice.

My other question which may sound completely NUTS is why in the world would they sue me if i already paid them:?:

Well, people have been sued even when the SOL had expired, so I suspect there are OCs who have sued even after you PIF. There's no grounds for the suit, but if they sought a judgement and you did nothing, they'd get a default judgement against you.

I really don't remember if I actually paid less then the full amount due

It would appear on your CRs. They would still show a balance due or would show an amount written off.

My advice, if these are paid COs, even if they were settled for less than the full amount, goodwill 'em.

If they give you a delete. Great you win.

If they don't give you a delete, and they respond with, "Heh, you still owe us $500", then I'd offer 'em a PFD settlement.

[iffaj98]

Well, once it's a paid CO, there's little leverage you have.

Were any of them settled for less than the full amount? If so, then that might be one possible bit of leverage you have. For example, $1,300 was owed, it was settled for $800, they wrote off $500, and that $500 (or some portion thereof) might be leverage to negotiate a PFD. You might offer to pay $200 of that $500, because that's all you have at the moment, and they promise to delete the TL. This is something you'll want to do in writing.

Otherwise, goodwilling is about your only possible avenue.

Since you have already disputed with the CRAs, you could try disputing with the OCs and then pursuing MOV with the CRAs. But that seems like a bit of a longshot.

Also, I think if you start disputing with the OCs, that may kill any chance of getting a goodwill deletion. "Heh Bill, ya know that SOB who disputed his paid CO last month? Get this. Now the schmuck wants a goodwill delete. Ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha."

I would suggest first goodwilling the OCs. You might get lucky. I got 3 goodwill deletes from Chase.

http://www.debt-consolidation-credit-repair-service.com/forums/showpost.php?p=746810&postcount=2

By Express do you mean American Express, aka AMEX? If so, you can give it a shot, but they are very rigid and by the book. I've not yet heard of ANYONE getting goodwill outta them. I tried, twice. No dice.

Well, people have been sued even when the SOL had expired, so I suspect there are OCs who have sued even after you PIF. There's no grounds for the suit, but if they sought a judgement and you did nothing, they'd get a default judgement against you.

It would appear on your CRs. They would still show a balance due or would show an amount written off.

My advice, if these are paid COs, even if they were settled for less than the full amount, goodwill 'em.

If they give you a delete. Great you win.

If they don't give you a delete, and they respond with, "Heh, you still owe us $500", then I'd offer 'em a PFD settlement.

THANK YOU for all the help.. I think I will start with the Goodwill Deletion for CHASE BANK..

Express (WFNB) & Victoria's Secert just handed me a whole new set of problems. TU Deleted and EQ says verified!

[someonesomewhere]

Express (WFNB) & Victoria's Secert just handed me a whole new set of problems. TU Deleted and EQ says verified!

One step up, one step back, and a kick in the head with an iron boot.

[Drew]

Here is a letter to send to the OC if you're not satisfied with the CRA's "verified". You can chop (I would definitely chop out the statutes and crap) it to make it alot more simple and fit your situation. Or, If I were you, I would just write that you dispute the information on your CR and that you paid this account on a regular basis and don't recall the negative information they are reporting. Tell them you require verification of the information they are reporting and if they can't produce such information, they need to remove either the whole TL or negative info from all 3 CRA's immediately, yadda yadda.

http://creditinfocenter.com/forms/sampleletter17.shtml.

Good stuff Mad, have you ever had any success with this?