derekpritchard Posted May 12, 2007 Report Share Posted May 12, 2007 Hey All, I had a CC that I got back in 1999 and one thing led to another and it never got paid...ever. Sent to collections a LONG time ago and it fell off of my credit report in March when it hit 7 years since DOFD. The account was sold to thE nefarious Asset Acceptance and the original amount was represented as $537 (on credit report in January, February, and March). Now, AA is still reporting it as a delinquency and the amount is now $540. I know that reporting the incorrect amount is a violation but is it something i can take them to court over? Also, how about the fact that they are still reporting it? i thought that CA's had to stop reporting it once it passed 7 years since DOFD? PLEASE GIVE ADVICE, COMMENTS, SARCASM, SOMETHING. THANKS!!!!!! Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted May 13, 2007 Report Share Posted May 13, 2007 Hey All, I had a CC that I got back in 1999 and one thing led to another and it never got paid...ever. Sent to collections a LONG time ago and it fell off of my credit report in March when it hit 7 years since DOFD. The account was sold to thE nefarious Asset Acceptance and the original amount was represented as $537 (on credit report in January, February, and March). Now, AA is still reporting it as a delinquency and the amount is now $540. I know that reporting the incorrect amount is a violation but is it something i can take them to court over? Also, how about the fact that they are still reporting it? i thought that CA's had to stop reporting it once it passed 7 years since DOFD? PLEASE GIVE ADVICE, COMMENTS, SARCASM, SOMETHING. THANKS!!!!!!They have to use the DOFD that the OC established. Did you get a dunning letter and if so, did you respond timely? Dispute with the CRA's now also. When did they start reporting? Link to comment Share on other sites More sharing options...
needtradelines Posted May 13, 2007 Report Share Posted May 13, 2007 I would check into this for myself but it seems to me that you should be contacting AA and dispute the debt with them through Debt Validation. I used the DV letter noted on the www.creditinfocenter.com website and one of the request I asked is that they proved to me that the debt is within the status of limation. I was successful in getting some collection accounts removed my spouse report. But AA is not one of them, from personal experience they were on my credit report for a gym membership and I sent them several letters with no success. However, I did get them removed, and how I did it was that I contacted the State Attorney General consumer advocacy line. I filed a complaint with them in writting and within 30 days they were gone. Now my spouse has them on his report, in which I plan on doing the same thing. I have some complaints with various AGO currently and I am awaiting a case to open up with them once I get a response I will be going after AA once again. I hope this helps and I wish you all the luck in the world Link to comment Share on other sites More sharing options...
sexy27 Posted May 14, 2007 Report Share Posted May 14, 2007 Hey All, I had a CC that I got back in 1999 and one thing led to another and it never got paid...ever. Sent to collections a LONG time ago and it fell off of my credit report in March when it hit 7 years since DOFD. The account was sold to thE nefarious Asset Acceptance and the original amount was represented as $537 (on credit report in January, February, and March). Now, AA is still reporting it as a delinquency and the amount is now $540. I know that reporting the incorrect amount is a violation but is it something i can take them to court over? Also, how about the fact that they are still reporting it? i thought that CA's had to stop reporting it once it passed 7 years since DOFD? PLEASE GIVE ADVICE, COMMENTS, SARCASM, SOMETHING. THANKS!!!!!!Honey, this seems to be out the SOL. They are hoping and praying you dont know better. 7yrs. from the date of first delinquency it has to come off, whether you owe it or not. Check Equifax reports, they will give you the date. So iff it was somewhere in 1999, when was the first delinquency? If they sold it, it still has to come off. They may be trying to re-age it. Dont let them. I had an acct Asset was trying to reage 3 more yrs. To stay until 2010. I corrected them real soon and now its 7/07. I may dispute, or let it ride for one month. But they sell it so the new CA reports their date a more recent year. Link to comment Share on other sites More sharing options...
derekpritchard Posted May 16, 2007 Author Report Share Posted May 16, 2007 i'm sorry everyone, i had my dates a little off. after referring back to my records, it shows that the date opened was 10/2002 and the last payment was made 04/2003 so DOFD was 05/2003. the account was sold to Asset Acceptance and they are showing the DATE REPORTED: NOV 2006. They are also showing the charge off amount as $468. The amount that Asset acceptance is trying to collect is $538.17 which they show this principal = $468.31interest & fees = $70.94balance = $539.25on my credit report ran on 5/9/2007 is shows date opened of 09-2006 and amount owed of $540Another CR from 2/6/07 shows the amount as $536 and date opened 9/19/06Their response to my DV letter shows two different amounts on it. how can they do this? they can't even provide me with the correct amount i owe?should i send them a ITS letter if they don't remove it since they can't provide me with accurate information on this account? Link to comment Share on other sites More sharing options...
trying to get by Posted May 16, 2007 Report Share Posted May 16, 2007 Do not pay them. There are many CA that are bogus and buy old debts that past SOL. Check out this site. It gives great advice and you can look up the different companies and find out what these companies are really about.http://budhibbs.com/agency_watch_list.htm Link to comment Share on other sites More sharing options...
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