swtchickie Posted July 11, 2007 Report Share Posted July 11, 2007 Hi all! I'm having this same problem with two different accounts...Discover and WFNNB (Abercrombie). Both of these accounts are being managed by a debt management company, which I signed up for in December 2006. For the first three months, (Jan, Feb, Mar) of this year, I am showing 30 and 60 day lates on both of these accounts, which were to re-age after three months of payments. It appears that they were re-aged, as promised, in Mar/Apr (both showing on time payments ever since); however, the late pays haven't come off of my CR. So, yesterday I called both companies to try to have this fixed, and of course, both companies replied with the same b/s about not being able to change info on the CRs. I am now planning on sending GW letters to both companies, but I just wanted to be sure it was the best way to go, since I haven't disputed with the CRs about them yet. I'm also wondering if the fact that I'm on a debt management program with them would deter them from changing this info. Thanks for all of your info. Link to comment Share on other sites More sharing options...
willingtocope Posted July 11, 2007 Report Share Posted July 11, 2007 Sorry...I'm confused. You signed up with the debt fixer in December. Did you make payments in Jan, Feb, Mar? Were you late prior to that?"Re-aging" when applied to a TL on your CRs means changing the "date of first delinquency" as defined in the FDCPA. What the creditors agree to was to consider your accounts "brought current" and thereby change the DOFD. It has nothing to do with any "lates" that might have been on your reports prior to that.You might ask your debt fixer if they can do anything about it... Link to comment Share on other sites More sharing options...
swtchickie Posted July 11, 2007 Author Report Share Posted July 11, 2007 I did make payments to the debt management co for those months, but because the initial payment to them was kind of a fee type thing, it was not distributed to the creditors, so for those first couple of months they were late. Previous to that, I had no late pays over the course of the 3 or 4 years that I had them. Incidentally, I joined the Debt Management program because of another creditor I was having a problem with. In the end, the problem creditor turned down the DM proposal, so I wound up with a bigger problem than I would have if I had just let the problem go delinquent.Does that make any sense?? haha Link to comment Share on other sites More sharing options...
willingtocope Posted July 11, 2007 Report Share Posted July 11, 2007 Okay, then it makes sense. The "lates" are legitimate. You might get them removed with a good will letter, but, if the debt fixer "negotiated" lower interest rates, lower payments, or settlements with the creditors, they probably will refuse.And...you've run afoul of the whole debt fixer scam...they only have contracts with a select group of creditors and if all your creditors don't play along, you can wind up getting screwed. Link to comment Share on other sites More sharing options...
swtchickie Posted July 11, 2007 Author Report Share Posted July 11, 2007 A lesson learned! Yes they did negotiate those things for me, and it definately did screw me. I wouldn't have those lates, for one, and the only negative TL I would have would be the problem creditor. On the other hand, my debts are decreasing more quickly than they would have. Just wish I had known I could've done that on my own.Anyhow, I suppose I will go ahead with the GW route and see what happens. I've seen quite a few people with positve results from Discover. Maybe with my little sob story, and a little luck, someone will work a little magic for me. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted July 11, 2007 Report Share Posted July 11, 2007 Well, all least the DM company you went with paid. Some DM collect your money in a Savings account and DO NOT PAY your debts until they are about to charge off, then they negotiate a lump sump payment to close the account for less than full balance. Others, take you money and do nothing. Welcome aboard! Link to comment Share on other sites More sharing options...
swtguy Posted July 11, 2007 Report Share Posted July 11, 2007 Sorry...I'm confused. You signed up with the debt fixer in December. Did you make payments in Jan, Feb, Mar? Were you late prior to that?"Re-aging" when applied to a TL on your CRs means changing the "date of first delinquency" as defined in the FDCPA. What the creditors agree to was to consider your accounts "brought current" and thereby change the DOFD. It has nothing to do with any "lates" that might have been on your reports prior to that.You might ask your debt fixer if they can do anything about it...I think there is some confusion with regard to reaging done by an OC and those done be a CA.My understing is that reaging done by an OC means elimination of the lates, which would mean that there was no DOFD.With regard to CA, my understaning is that the CA is fraudulently reporting a later DOFD in order to continue reporting and/or attempting legal action.Please correct me if I'm wrong. Link to comment Share on other sites More sharing options...
swtchickie Posted July 11, 2007 Author Report Share Posted July 11, 2007 My understanding was the same as yours, swtguy, but it seems that perhaps clearing the lates isn't guaranteed. I thought that re-aging cleared previous lates as well. In my case, the accounts were only brought current. Link to comment Share on other sites More sharing options...
willingtocope Posted July 11, 2007 Report Share Posted July 11, 2007 My understing is that reaging done by an OC means elimination of the lates, which would mean that there was no DOFD.Correct that the DOFD disappears, but if you were late prior to that, the lates remain, unless you negotiate with the OC to remove them (debt fixers usually overlook this detail).With regard to CA, my understaning is that the CA is fraudulently reporting a later DOFD in order to continue reporting and/or attempting legal action.Correct, when applied to a CA, attempting to change the OC's DOFD is illegal. Link to comment Share on other sites More sharing options...
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