MrHunter602 Posted November 27, 2007 Report Share Posted November 27, 2007 Ive recently been working to clear up a lot of credit with my own report and my girlfriends. I recently paid an auto loan that had a deficient balance on it. She owed about 10k and I settled with the attorney that was handling the account due to a judgement. I have all the paperwork proving the account has been settled and wont be sold.The judgements fell of the credit report but the finance company is still reporting the account as deragatory on 2 out of the 3 reports. I have disputed the account at least 3 times with the CRA's since the account was paid and they refuse to change it. I also have sent an ITS letter CMRRR and received a response stating the info on the CRA was correct. I then sent another 10 day ITS letter and got a response back with a copy of someone elses photocopied contract and a response stating the issue with be fixed within 30 days. That 30 days is now just about up and nothing has been corrected. If they do no comply within the 30 days that they have requested, is this something I should pursue for inaccurate reporting? What would be the process. I just had to pay them 5k satisfy the debt, and Im more than willing to try to attempt to recoup some of those funds if they refuse to do their part. I have been demanding in my letters, since they refuse to correct the listing, to completely delete the account. Any suggestions and ideas would be of great help. Link to comment Share on other sites More sharing options...
SolutionsInfo Posted November 27, 2007 Report Share Posted November 27, 2007 Yeah , it sounds like you need to take the fools to court and then sue them for anguish. First I would call them of course then send a letter detailing your intentions, including a letter detailing that fact that you will sue them for anguish. That ought to light a fire under their bums. Link to comment Share on other sites More sharing options...
MrHunter602 Posted November 27, 2007 Author Report Share Posted November 27, 2007 I've already sent out 2 letters specifically stating that I will take this to court if needed. Link to comment Share on other sites More sharing options...
Recovering Attorney Posted November 27, 2007 Report Share Posted November 27, 2007 What is it you expect them to change? If it is the record of the car loan that went sour, they are correct to repor tit as a chargeoff, default, etc Link to comment Share on other sites More sharing options...
MrHunter602 Posted November 27, 2007 Author Report Share Posted November 27, 2007 What is it you expect them to change? If it is the record of the car loan that went sour, they are correct to repor tit as a chargeoff, default, etcI expect them to report the info correctly. Unless I have been misinformed and they are allowed to report the account as deragatory when it has been paid or "settled" ??? Link to comment Share on other sites More sharing options...
admin Posted November 28, 2007 Report Share Posted November 28, 2007 Settled is derogatory. And they could also legally say paid charge-off which is also legal. Not to mention they could put the resultant judgment on your report. Link to comment Share on other sites More sharing options...
MrHunter602 Posted November 28, 2007 Author Report Share Posted November 28, 2007 Settled is derogatory. And they could also legally say paid charge-off which is also legal. Not to mention they could put the resultant judgment on your report.How could they put the judgement on my report? I thought the CRA's fished for that info? I was completely unaware that a creditor could specifically request that a CRA show a past judgement or court record on your report. Wow. They sure do go through a lot of hoops just to make a person miserable. Link to comment Share on other sites More sharing options...
MadMonkey Posted November 28, 2007 Report Share Posted November 28, 2007 You fell into the trap that many on the this forum have fallen into before, not enought detail in your negotiated settlement.It's imperative that when you negotiate out that settlement payment that you include the derogs. on the reports being removed, etc.... If they give you the BS statement that they can't legally do that, have them put it in writing and send it to you. Nothing like a few violations in your hand to come back at them with.You have to remember they are well within there rights to report anything that reflects your bad payment history, judgements, charge-offs, etc... I had Crappy1 report every month for three years on one of my CR's. By the time it finally fell off, Crappy1 took up one whole page on my CR.I feel for you though, it suxs when your trying to move forward and they slap you backwards. Link to comment Share on other sites More sharing options...
admin Posted November 28, 2007 Report Share Posted November 28, 2007 How could they put the judgement on my report? I thought the CRA's fished for that info? I was completely unaware that a creditor could specifically request that a CRA show a past judgement or court record on your report. Wow. They sure do go through a lot of hoops just to make a person miserable.Public records go into Choicepoint or Lexis Nexis databases, and guess what? These are sent to the credit bureaus. It's about 95% certain that a judgment will show up on your credit report. Link to comment Share on other sites More sharing options...
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