Bi Business Posted December 27, 2007 Report Share Posted December 27, 2007 I have a charge off w/ Providian that's about 2200, and 2700 with the additional interest and penalties. The GOOD NEWS is that it falls off in December 09 and is past the SOL. I'm considering buying a home within the next year or so, which means I'll probably need to get it removed. What's a good settlement amout 2 years outside of the falloff date? I'm hoping for 750! Is that reasonable?Thanks a million. I've been here a few weeks and already have 2 deletions coming my way!!! Wish like hell I knew about you guys sooner. Big Business(BTW, it only appears on my report under the OC. I'm assuming it was never sold to a CA) Link to comment Share on other sites More sharing options...
brokeinok Posted December 27, 2007 Report Share Posted December 27, 2007 (BTW, it only appears on my report under the OC. I'm assuming it was never sold to a CA)Providian is no longer in business so it was sold to someone. I believe I read that WaMu bought them out. Perhaps someone else knows. Link to comment Share on other sites More sharing options...
Bi Business Posted December 27, 2007 Author Report Share Posted December 27, 2007 Providian is no longer in business so it was sold to someone. I believe I read that WaMu bought them out. Perhaps someone else knows.Well, since it's such an old account, think it would fall off if I disputed it? Link to comment Share on other sites More sharing options...
Fozzle Posted December 28, 2007 Report Share Posted December 28, 2007 Well, since it's such an old account, think it would fall off if I disputed it? I think if you disputed it, Washington Mutual would verify it, since they did buy the Providian portfolio. Link to comment Share on other sites More sharing options...
Bi Business Posted December 28, 2007 Author Report Share Posted December 28, 2007 I think if you disputed it, Washington Mutual would verify it, since they did buy the Providian portfolio.Disputed yesterday...will let you guys know. Hopefully it's not worth their time, being at the 5 year mark. Link to comment Share on other sites More sharing options...
Extra Credit Posted August 4, 2008 Report Share Posted August 4, 2008 Any update to this? Link to comment Share on other sites More sharing options...
whocares Posted August 9, 2008 Report Share Posted August 9, 2008 I would not pay anything out of SOL, that renews the debt and it could then remain for an additional 7 years, thet would not help you buy a house...So if your considering buying in the next year or so, just let it fall off on it's own...I think disputing it will only restart the collection process and they may sell the debt at that point...I would have left it alone, if it were my only baddie and waited till it was gone...In the mean time you need to start rebuilding so you have good credit when it is gone.Good Luck, I hope the dispute works for you. Link to comment Share on other sites More sharing options...
Debt Guy Posted August 10, 2008 Report Share Posted August 10, 2008 I would not pay anything out of SOL, that renews the debt and it could then remain for an additional 7 years, thet would not help you buy a house...I disagree, the reporting period cannot be "renewed or extended". The FCRA simply does not allow such a thing for an account that is charged off. Link to comment Share on other sites More sharing options...
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