calico2 Posted May 22, 2007 Report Share Posted May 22, 2007 Hi-- My gym membership at Bally's went into collections in March of 2000 and I haven't paid a dime since. ASSET is reporting this still on my credit report even though it is past the 7 years, and it also looks like they are reporting that it started on 12/02 which may be when they got the debt, but not when it was delinquent with Bally's.What is the first step?I disputed the debt with the credit bureaus a while ago and it came back verified.Thanks! ASSET ACCEPT Original Creditor: A SUBSIDIARY OF BALLYS Responsibility: Individual Condition: Derogatory Original Balance: $936 Balance: $1270 Date Opened: 12/10/2002 Date Reported: 05/03/2007 Link to comment Share on other sites More sharing options...
SecretAgentWoman Posted May 22, 2007 Report Share Posted May 22, 2007 "Date opened" is not the DOFD. It's the date the JDB/CA got the account.You need to check your full credit report to see when it should be gone, or just call them and ask. Link to comment Share on other sites More sharing options...
IHateCAs Posted May 22, 2007 Report Share Posted May 22, 2007 What she said. Get a fall off date from EXP or TU. Link to comment Share on other sites More sharing options...
BANKER Posted May 30, 2007 Report Share Posted May 30, 2007 CALICO2 THIS ACCOUNT SHOULD BE OFF YOUR CREDIT REPORT, ASSET ACCEPT IS ONE OF MANY CA THAT REPORT FALSE DATES TO THE CRAs TO KEEP IT ON YOUR REPORT AND TRY TO GET YOU TO PAY. IF YOU HAVE PROOF FROM BALLY'S THAT IT WENT INTO COLLECTIONS IN MARCH OF 2000 SEND THIS TO ASSET ACCEPT AND TELL THEM TO REMOVE IT. DON'T PAY A DIME AND SEND THE PROOF TO THE CRAs. THE CA WILL STALL BECAUSE THEY KNOW HOW THE SYSTEM WORKS. Link to comment Share on other sites More sharing options...
MadinKS Posted May 30, 2007 Report Share Posted May 30, 2007 Had the same thing happen on my wife's CR. I sent them this letter and it disappeared. Change it up to fit your situation if it is re-aged and see what happens. Good luck.To Whom It May Concern:I recently disputed this account on my credit reports and discovered that you have made a mistake in the information you provided to the credit bureaus. I can tell you that, according to my records, you are reporting inaccurate dates. At this time, I am requesting documentation from you that will substantiate your claim to collect on this alleged debt. By the looks of it, you are making an attempt to re-age this account to lengthen the time you think you have to collect,which is a violation of the Fair Credit Reporting Act and an actionable offense under Federal law, as well as Kansas state law. At this point, I am giving your company the benefit of the doubt, but I will have no problem reporting your company to the FTC, the BBB, and both, Michigan and Kansas AG’s, as well as contact a lawyer to file suit for the violations of Federal and Kansas state laws. I require Asset Acceptance to provide documentation of chain of custody, a contract, an agreement, or anything from the original creditor, on their letterhead, that validates the debt between us. The valid documentation must establish, and substantiate, the dates your company has reported to the credit bureaus, as well as, your ability to collect on this. If you cannot provide this information, you must delete this account and notify all three credit bureaus, including, but not limited to, Equifax, TransUnion, and Experian. I have added the reference to the FCRA and Kansas statute, K.S.A. 60-511, for you to use as reference. I sincerely hope that this was a mix up on the part of Asset Acceptance and we can come to an expeditious conclusion to this. FCRA § 605. Requirements relating to information contained in consumer reports [15 U.S.C. §1681c]© Running of Reporting Period(1) In general. The 7-year period referred to in paragraphs (4) and (6)3 of subsection(a) shall begin, with respect to any delinquent account that is placed for collection(internally or by referral to a third party, whichever is earlier), charged to profit andloss, or subjected to any similar action, upon the expiration of the 180-day periodbeginning on the date of the commencement of the delinquency which immediatelypreceded the collection activity, charge to profit and loss, or similar action. K.S.A. 60-512. Actions limited to three years. The following actions shall be brought within three (3) years: (1) All actions uponcontracts, obligations or liabilities, expressed or implied but not in writing. I’d also like to add that, from this point on, I will require you to limit your correspondence with me to written communication only. I have given you my address for correspondence and you may not contact friends or relatives, or my place of employment, phishing for contact information.I look forward to your response and an agreeable conclusion to this matter. Thank you.Sincerely, Link to comment Share on other sites More sharing options...
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