CarolinaBlueEyes Posted December 19, 2007 Report Share Posted December 19, 2007 I am in the process of trying to get my house refinanced.. my credit issues are several years old and mortages, car current.. etcThe loan officer calls me laughing. apparently HSBC bought an old account.. the DOLA is 2002.. they have high credit 5140. monthy payment 1200.00 and they have it has an open account.. he started laughing. he said "I thought you were a smart woman.. what kind of interest are you paying on this??? LOL/ (I only read my equifax and not the other two)Well I disputed it and guess what.. they sent it back as VERIFIED... how does that work?? my min is 1200.00 on a 5000.00 account...and opened after its been charged off.. yeah. I dont think so.. , so now what?? dispute again.. geez these people are stupid even the loan officer got a good laugh. Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted December 19, 2007 Report Share Posted December 19, 2007 I'm not an attorney nor have I been at a Holiday Inn Express revently nor am I ever quick to sue, but...I think you have the makings of a very good law suit here.Not only do you have obvious violations here but having a lender turn you down for a mortgage or jack up an interest rate, etc. is no small deal just by itself.I'd be talking with an attorney tomorrow...that won't solve your immediate problem but you'll feel better in the end. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted December 19, 2007 Author Report Share Posted December 19, 2007 I'm not an attorney nor have I been at a Holiday Inn Express revently nor am I ever quick to sue, but...I think you have the makings of a very good law suit here.Not only do you have obvious violations here but having a lender turn you down for a mortgage or jack up an interest rate, etc. is no small deal just by itself.I'd be talking with an attorney tomorrow...that won't solve your immediate problem but you'll feel better in the end.Well my lender said its an obvious error no one pays 1200.00 on a 5000.00 credit card, but it is dinging my scores.. he also said he was suprised to see the account listed as open since the last reporting on it was 2004 (and DOLA was 2002).. I still can't figure out how it comes back verified... that just stumps me Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted December 19, 2007 Report Share Posted December 19, 2007 It comes back verified because you have CA computers talking with CB computers and no one really gives a sh** except the consumer that's caught in the middle...that's why it takes a few certified letters and sometimes a law suit just to get someone's attention. Link to comment Share on other sites More sharing options...
rmuse00 Posted December 19, 2007 Report Share Posted December 19, 2007 Robert did you say sue? I agree that there is major violating going on here. I would discuss with an attorney who is familiar with the FDCPA and FCRA. Link to comment Share on other sites More sharing options...
merkurfan Posted December 19, 2007 Report Share Posted December 19, 2007 who got to robert????I would contact a lawyer, and or send a nasty gram to HSBC's legal department.Now CBE what have we learned? Yup, we need to monitor all 3 reports at least at 1200 dollars per month you should have it paid off in 6 months other so. Or is the APR 4000%??? Might wana see a loan shark or take out a payday loan. the rate is better Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted December 19, 2007 Report Share Posted December 19, 2007 Robert did you say sue? I agree that there is major violating going on here. I would discuss with an attorney who is familiar with the FDCPA and FCRA.Yes, I said sue. I do think that there are people who spend too much time and effort “counting violations” and salivating at the prospect of being awarded money than they spend actually addressing their real issues (their debts).I also cringe at some of the suites people want to file as they have the very real potential of making bad case law which ultimately hurts everyone.However, I’m very much in favor of using the courts when someone’s rights are being trampled on and they have good, solid, provable damages because if consumers don’t force collectors to abide by the rules no one else will. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted December 19, 2007 Author Report Share Posted December 19, 2007 Thanks gang for the advice and the 4000% breakdown.. and to be honest the word sue makes me quesy.. as many of you know I just got out of a three year legal battle concerning NAF and my federal lawsuit.. thank GOD for my lawyers but if I never had to do this again I would be doing the happy dance. It is draining.. as far as monitoring all three.. I did check the experian about a year ago but the TU.. good luck getting access to that one I feel like I have been locked out of that report.. I can never get acess too it...that one always gives me cramps... lolI think a DNA sample wouldn't suffice for these people. Link to comment Share on other sites More sharing options...
rmuse00 Posted December 20, 2007 Report Share Posted December 20, 2007 However, I’m very much in favor of using the courts when someone’s rights are being trampled on and they have good, solid, provable damages because if consumers don’t force collectors to abide by the rules no one else will.Amen to that Robert! And yes, I try to stress that using the "intent to sue" should only be used as a last resort, if in fact consumer is serious, when all other disputing avenues have been used and when of course as in Carolina's case, there is an obvious violation. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted December 20, 2007 Author Report Share Posted December 20, 2007 Amen to that Robert! And yes, I try to stress that using the "intent to sue" should only be used as a last resort, if in fact consumer is serious, when all other disputing avenues have been used and when of course as in Carolina's case, there is an obvious violation. yep... been there.. done that Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted January 3, 2008 Author Report Share Posted January 3, 2008 Well just and FYI I got a letter from Equifax today said it was deleted.. now it I am waiting for the other one.. geez how does one verify this and then decide it is not legit.. got to love them! Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted January 3, 2008 Author Report Share Posted January 3, 2008 who got to robert????I would contact a lawyer, and or send a nasty gram to HSBC's legal department.Now CBE what have we learned? Yup, we need to monitor all 3 reports at least at 1200 dollars per month you should have it paid off in 6 months other so. Or is the APR 4000%??? Might wana see a loan shark or take out a payday loan. the rate is better I just re-read that.. LOL no luck with the payday loan.. they are illegal in NC Link to comment Share on other sites More sharing options...
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