How to track down proof of CC charges?

[ILresident06]

Trying to help my bf work out a few complicated credit issues. This question pertains to one of the accounts appearing on his CRs.

BF had a Cap One CC a few years back when he lived in FL, but does not recall leaving an unpaid balance (he did not keep any of his old statements). We recently found out that Cap One filed suit against him in 12/04, although there was no record of a judgment on his CRs. My bf never got the notice b/c he had moved to IL. Only way we found out was by searching FL public records.

Cap One filed a notice of voluntary dismissal on 1/10/06 and charged off the account I believe on 5/04 or 6/04 (records are a little unclear). However, there is also no record on his CRs of who now holds the CO. He has some other COs on record, but none corresponding to the Cap One account.

We got a copy of the original statement of claim. It says that there was a copy "of the credit agreement" attached as Exhibit A, but that was not included in the papers we received. It does not indicate that they included a copy of the last statement showing what the charges were for.

Can anyone please advise what we should do now?? Do we try to file a dispute? I assume we can't right now b/c the case has been dropped (at least for now).

We do not know who holds the CO nor is there evidence that we know of showing what the charges were for. I assume Cap One no longer has the documents b/c they charged off the account a few years ago.

The CR shows 30 day late as of May 2003, so we're also close to the FL SOL (although I don't know if he were sued again, if they would try to use IL SOL, which is 5 yrs).

If the charges were validly my bf's, then he'd probably rather settle it then have it hanging over his head for the rest of his life. But how are we supposed to figure that out at this point? He has not received any further correspondence from any agency regarding this debt.

Oh, additionally, EX reported the CO amount as $1,276 whereas EQ shows $1,244. TU shows a "high balance" of $1244. Not sure if that makes any difference.

Any help would be appreciated!

[ILresident06]

bump

[Tazjeepcj7]

You could call the original creditor and ask who they sold the account to. I wouldn't do that from your own telephone (or even from your own state).

[Lecasbas]

Originally posted by ILresident06

If the charges were validly my bf's, then he'd probably rather settle it then have it hanging over his head for the rest of his life. But how are we supposed to figure that out at this point? He has not received any further correspondence from any agency regarding this debt

It's my understanding that you can dispute any discrepancy in a cr. The CRA then sends a notice to the owner of the Bad Debt. The current creditor then should respond to the CRA. The CRA should then respond to you with its findings. This would tell you who the owner of the Bad Debt is.

If the CRA receives no response from their inquiry they should remove the Bad Debt from your cr.

This is what I have learned from reading this forum. I have not filed a dispute. Everything I have said is "in theory".

Read this:http://www.creditinfocenter.com/creditreports/HowTheBureausInvestigate.shtml

There are more readings on disputing Bad Debts. This is what I found on quick notice. Hopefully one of the smart people will come along and do a better job for you.