jdcompute Posted January 21, 2008 Report Share Posted January 21, 2008 I have a CA that is reporting on my TU and EQ reports. When I asked for validation, the CA stated that they have no accounts for me, and that they have been sold back to the OC in 1/2006. I asked them to remove the tradelines since they are no longer trying to collect but they insisted that they will not because they have reported what they consider to be "accurate" information. I have a letter from them that states by their own words that they no longer have any accounts for me in their office, that they are no longer trying to collect, and that they no longer have a consumer-creditor relationship with me. Yet I cannot get them to budge. I have sent them an ITS letter but still no luck. What I want to know is would it be wise to send a copy of their letter to TU and EQ and ask them to delete these tradelines based on the admission of the CA? I mean that would be considered proof wouldn't it? And also, wouldn't the CRA's be bound by the FCRA to follow thru with my request? Link to comment Share on other sites More sharing options...
ShortBus Posted January 21, 2008 Report Share Posted January 21, 2008 Who's the supposed CA and what is the status of the TL (as listed on your report)? No one sold anything back to anyone. If they're a CA, they never owned the debt in the first place. They were hired by the OC to collect, they failed, and the OC pulled the account back. If the supposed CA is in fact a JDB, then they could theoretically own the debt, but there's no way the OC would ever buy it back. I'm going to guess that the situation is the former since CA's like to pretend that they own a debt so they sound more authoritative. Link to comment Share on other sites More sharing options...
rmuse00 Posted January 21, 2008 Report Share Posted January 21, 2008 How old is the account? Without knowing too much about this tL I would ask. Did you initially dispute with the CRA's? If the the CA's have no accounts why and what are they reporting? I would dispute with the CRA's again by writing and include the CA's acknowledgement that they have "nothing" to report. If this does not work then you can go ahead and request an investigation per FCRA with the OC. You can read more on that here. Link to comment Share on other sites More sharing options...
ShortBus Posted January 21, 2008 Report Share Posted January 21, 2008 Oh, and don't forget to invoke your Lone Star State Debtors' Superpowers!(I don't know whether to love or hate Texas) Link to comment Share on other sites More sharing options...
jdcompute Posted January 21, 2008 Author Report Share Posted January 21, 2008 Who's the supposed CA and what is the status of the TL (as listed on your report)? No one sold anything back to anyone. If they're a CA, they never owned the debt in the first place. They were hired by the OC to collect, they failed, and the OC pulled the account back. If the supposed CA is in fact a JDB, then they could theoretically own the debt, but there's no way the OC would ever buy it back. I'm going to guess that the situation is the former since CA's like to pretend that they own a debt so they sound more authoritative.The CA is Fair Finace out of Medina, OH. The are reporting two tradelines with $0 balance. The accounts became delinquent in 2005. They are being reported as CO's. Their statement in the letter says that the accounts were bought back by the OC in January 2006. My thing is that if they don't have any accounts, why in the world are they reporting anything. So you guys feel that it would be wise to contact EQ and TU and make them aware of the CA's letter? I was thinking of speaking to someone over the phone and seeing if they wanted me to fax them a copy of the letter. Link to comment Share on other sites More sharing options...
jdcompute Posted January 21, 2008 Author Report Share Posted January 21, 2008 Oh, and don't forget to invoke your Lone Star State Debtors' Superpowers!(I don't know whether to love or hate Texas)Oh, believe me I've invoked the TFC and the DTPA but they insist on not budging, not removing anything and telling me all my requests for validation, proof of ownership of debt, proof they are authorized to collect on the debt, etc..is all "100% categorically denied"! Link to comment Share on other sites More sharing options...
ShortBus Posted January 21, 2008 Report Share Posted January 21, 2008 I'm guessing it's these guys? http://www.fairfinance.com/products_factoring.asp(Sorry for not making the link clickable, but I'd prefer for them not to see that they're getting traffic from CIC, specifically this thread).It looks like they're a factoring company, aka JDB. The fact that their TL lists a $0 balance would support that. So they likely did own the debt at some point, but who owns it now? The OC? I guess anything is possible, but it would be the first time I've heard of an OC purchasing their debts back. At the point that the debt is sold off, they've already charged it off, gotten their tax break, plus a few pennies on the dollar.I would agree with muse that you ought to work the FCRA angle. At the very least, they have to mark the TL as "disputed by consumer", else wise it's a FCRA violation. If they're refusing to even do that (and you can prove it--send all letters via CMRRR), then you can step up your game with an ITS letter.Roughly how much is the debt? (No exact amounts, please. Baddies read CIC too and might submarine you if they can narrow down who you are based on information in their database) Link to comment Share on other sites More sharing options...
jdcompute Posted January 21, 2008 Author Report Share Posted January 21, 2008 The amount comes out to approx $5K and it is marked as being under dispute. Link to comment Share on other sites More sharing options...
jdcompute Posted January 21, 2008 Author Report Share Posted January 21, 2008 I just got off the phone with Equifax (CSC Credit in Dallas) and they said that even though I send them the letters from the CA, they are not allowed to delete unless the CA issues a request for deletion. She did mark the items as me requesting a dispute again. Link to comment Share on other sites More sharing options...
ShortBus Posted January 21, 2008 Report Share Posted January 21, 2008 They claim that the OC owns the debt again now. What's the OC TL look like? You might want to lean on the CRAs, and when they verify again, hit them with a MOV request. If they don't/can't comply then send them an ITS. I'd recommend that you get more advice on this though; most of my credit repair experience has been slaying information furnishers; I've never tried to storm the CRA castles Alternatively, you might want to throughly study up on Texas consumer credit law and then string them along, leading them through that minefield. Once they rack up enough documentated violations, write them all down in an ITS letter. And if they still don't budge, sue. Link to comment Share on other sites More sharing options...
jdcompute Posted January 21, 2008 Author Report Share Posted January 21, 2008 The CRA is not listing on my report. Only those two TLs from the CA. Link to comment Share on other sites More sharing options...
TTigggers Posted January 22, 2008 Report Share Posted January 22, 2008 Do they name the OC in the letter?They may be collecting for a CA.I have portfolio recover trying to collect for arrow on my CR in which case Arrow would be considered the OCAlso if you dispute the amount owed with a CA that doesn't have the acct anymore how can they verify it? Hint HintSend a letter and ask the CRA to verify all information on the acct be specific if the can't verify all of it they have to delete it.You said they are reporting two trade lines. Is this on the same CR if so dispute them as duplicates. Link to comment Share on other sites More sharing options...
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