smurfette in nyc Posted July 14, 2008 Report Share Posted July 14, 2008 **deleted** Link to comment Share on other sites More sharing options...
VeVe Posted July 14, 2008 Report Share Posted July 14, 2008 Charged off or not, you still owe the money. If you're not making payments, the monthly payment due would add on to the previous past due balance, which is what they're showing. Not sure how this could be any type of violation. They still own the account, you still owe them money, and it's reporting accurately. Link to comment Share on other sites More sharing options...
smurfette in nyc Posted July 14, 2008 Author Report Share Posted July 14, 2008 Actually, ANY amount reported on any part of a tradeline that is at all inaccurate is a violation of the FCRA. I pretty much answered my own question after getting some input elsewhere. I decided to delete my original post, as I really don't require any further responses. Link to comment Share on other sites More sharing options...
VeVe Posted July 14, 2008 Report Share Posted July 14, 2008 Actually, ANY amount reported on any part of a tradeline that is at all inaccurate is a violation of the FCRA. .Yes, but it doesn't seem as though anything is being reported inaccurately. A past due amount is a past due amount. If you don't pay in a given month, the following month it will be larger. Link to comment Share on other sites More sharing options...
smurfette in nyc Posted July 14, 2008 Author Report Share Posted July 14, 2008 A past due amount is a past due amount. If you don't pay in a given month, the following month it will be larger.Not after an account has already been charged off! Link to comment Share on other sites More sharing options...
VeVe Posted July 14, 2008 Report Share Posted July 14, 2008 Not after an account has already been charged off!Yes, it can. The account is still past due. You are still responsible for paying it. Link to comment Share on other sites More sharing options...
smurfette in nyc Posted July 14, 2008 Author Report Share Posted July 14, 2008 I never once mentioned anything, even in the post I deleted, about whether or not the TL was reflecting a legitimate or bogus debt. Veve, you decided to infer that this was a debt I actually owed. Whether or not I do or don't owe the alleged debt has nothing at all to do with my original question.Sorry Veve, but I believe you are incorrect in your response. Any part of a tradeline that is incorrect, is in violation of the FCRA, once it is disputed. And a past due amount cannot be increased after an account is charged off. If you disagree with that, that's fine. Perhaps one of our mods or our admin can post what he or she thinks, and reply to the original question posed. Link to comment Share on other sites More sharing options...
Macattack Posted July 14, 2008 Report Share Posted July 14, 2008 Cap One does it all the time. Link to comment Share on other sites More sharing options...
cunclusion Posted July 14, 2008 Report Share Posted July 14, 2008 From what I have seen the OC will continue to add more debt. But once it is chargedoff they should not add more on top. If a CA does it that is just wrong atleast that is what I thought but hey I have been wrong before Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted July 14, 2008 Report Share Posted July 14, 2008 Smurfette, I realize you didn't "need" more responses but I'm going to chime in anyway. I agree that whenever a tradeline is inaccurate and not corrected, that is a violation of the the FCRA.Beyond that, whether you actually owe the debt is a related, but otherwise totally separate issue (see below).Specifically with the issue of a changing balance; a creditor, especially an original creditor, is allowed to add interest, and fees and other charges, even to a "charged-off" debt so long as they are doing so in accordance with your applicable state laws and the contract (promissory note, whatever) that established the alleged debt in the first place.By extension then, the balance can and likely will change from month to month until such time as the debt is either paid, the debt is sold to another creditor or the OC simply stops reporting it for some reason.Obviously, however, if the debt is subsequently proven to not be your legal obligation in the first place; then the entire tradeline's existence is inaccurate. 1 Link to comment Share on other sites More sharing options...
Macattack Posted July 14, 2008 Report Share Posted July 14, 2008 Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted July 14, 2008 Report Share Posted July 14, 2008 Hey!!!You really should have quoted the guy you wanted banned (or at least listed his screename) - now everyone is going to think you want me banned!There are enough people around here who would rejoice at that prospect - I don't need you adding wood to he fire unintentionally! Link to comment Share on other sites More sharing options...
nascar Posted July 14, 2008 Report Share Posted July 14, 2008 There are enough people around here who would rejoice at that prospect well, I'm certainly not one of them. Link to comment Share on other sites More sharing options...
borgman72000 Posted July 14, 2008 Report Share Posted July 14, 2008 well, I'm certainly not one of them.Neither am I. I find most of your comments spot on, and at times, even amusing. Link to comment Share on other sites More sharing options...
smurfette in nyc Posted July 14, 2008 Author Report Share Posted July 14, 2008 Neither am I. I find most of your comments spot on, and at times, even amusing. Neither am I! Your post in this very thread reflects how informative, accurate, and helpful you try to be to your fellow forumers. I'm surprised you're not a mod here yet. Link to comment Share on other sites More sharing options...
CDL Posted July 14, 2008 Report Share Posted July 14, 2008 Neither am I! Your post in this very thread reflects how informative, accurate, and helpful you try to be to your fellow forumers. I'm surprised you're not a mod here yet.Neither am I!!!!!! And I was wondering the same thing, why aren't you a mod? You are definitely deserving!!!!!!! I think we should start a petition! Anybody else? Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted July 14, 2008 Report Share Posted July 14, 2008 Hey folks...I appreciate (I really do) the kinds words but I wasn't trying to drum up support for myself...I was really just trying to make a little joke out of Mataccack's post! Link to comment Share on other sites More sharing options...
VeVe Posted July 15, 2008 Report Share Posted July 15, 2008 I never once mentioned anything, even in the post I deleted, about whether or not the TL was reflecting a legitimate or bogus debt. Veve, you decided to infer that this was a debt I actually owed. Whether or not I do or don't owe the alleged debt has nothing at all to do with my original question.Sorry Veve, but I believe you are incorrect in your response. Any part of a tradeline that is incorrect, is in violation of the FCRA, once it is disputed. And a past due amount cannot be increased after an account is charged off. If you disagree with that, that's fine. Perhaps one of our mods or our admin can post what he or she thinks, and reply to the original question posed.You didn't say it wasn't your debt. If it's not, then what's the point of this thread? Why try to find a "violation" in something that isn't there if the entire account isn't even yours to start with?More specifically " And a past due amount cannot be increased after an account is charged off. If you disagree with that, that's fine. " You are 100000000% incorrect in believing a charged off account balance cannot increase. It absolutely can, and will, and it's entirely legal, and the reporting on such an account is not "inaccurate." Just because I'm not an admin or a mod doesn't mean my answer is incorrect. I used to work for TransUnion. I do have a very good understanding in this area. Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted July 15, 2008 Report Share Posted July 15, 2008 You didn't say it wasn't your debt. If it's not, then what's the point of this thread? Why try to find a "violation" in something that isn't there if the entire account isn't even yours to start with?More specifically " And a past due amount cannot be increased after an account is charged off. If you disagree with that, that's fine. " You are 100000000% incorrect in believing a charged off account balance cannot increase. It absolutely can, and will, and it's entirely legal, and the reporting on such an account is not "inaccurate." Just because I'm not an admin or a mod doesn't mean my answer is incorrect. I used to work for TransUnion. I do have a very good understanding in this area.VeVe,Respecfully, you seem to be intent on being unnecessarily harsh and inflexible here.I don’t and never have advocated trying to goad CAs/infor furnishers/etc. into committing violations but if violations exist, there is nothing wrong with taking the perpetrator to task for them…reporting a tradeline incorrectly and not correcting it is a violation as is reporting a tradeline that shouldn’t be reported in the first place (if that’s the case).That aside, your statement that a charged-off account “absolutely can, and will, [increase] and it's entirely legal” is simply too inflexible to be true. As I stated in my earlier post, whether a creditor can add interest, fees, etc. to an account (charged-off or otherwise) is wholly dependent upon the instrument/process that created the debt in the first place and applicable state laws regarding such issues.It simply isn’t as cut and dried as you indicate. Link to comment Share on other sites More sharing options...
cjtx Posted July 15, 2008 Report Share Posted July 15, 2008 Not sure how this could be any type of violation. They still own the account, you still owe them money, and it's reporting accurately.I used to work for TransUnion. I do have a very good understanding in this area. Now I finally understand your posts... guilty until proven innocent! Passing judgment, assuming a debt is legitimate just because some bozo skip tracer decided to pin it on OP. Why does it take an affidavit from God to dispute an account with the CRAs; but they will accept "the word" from ill-reputable DFs who have nothing more than a he said-she said "right" to collect a debt... Link to comment Share on other sites More sharing options...
betam4x Posted July 15, 2008 Report Share Posted July 15, 2008 Hey!!!You really should have quoted the guy you wanted banned (or at least listed his screename) - now everyone is going to think you want me banned!There are enough people around here who would rejoice at that prospect - I don't need you adding wood to he fire unintentionally! Robert, I hardly think ANYONE wants you banned, even those that don't agree with your point of view. I for one enjoy your posts. Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted July 15, 2008 Report Share Posted July 15, 2008 Robert, I hardly think ANYONE wants you banned, even those that don't agree with your point of view. I for one enjoy your posts.Oh...you would be surprised...people can get pretty "heated" when you say things that challenge their outlook about things, especially when it comes to their money!In any case, it's nice to have support!!! Link to comment Share on other sites More sharing options...
Macattack Posted July 15, 2008 Report Share Posted July 15, 2008 LOL, Wow. I was 'speaking' of the Spammer (that was subsequently banned, btw).Robert_Nashville, it would appear that you have quite a fan base. Mental note: DO NOT CROSS MR. NASHVILLE. Link to comment Share on other sites More sharing options...
CDL Posted July 15, 2008 Report Share Posted July 15, 2008 LOL, Wow. I was 'speaking' of the Spammer (that was subsequently banned, btw).Robert_Nashville, it would appear that you have quite a fan base. Mental note: DO NOT CROSS MR. NASHVILLE. See what you started!!! Link to comment Share on other sites More sharing options...
JustaTexan Posted July 15, 2008 Report Share Posted July 15, 2008 Robert, I hardly think ANYONE wants you banned, even those that don't agree with your point of view. I for one enjoy your posts.Ha! I used to want Robert banned. Now I don't mind him so much...... Now back to giving Robert some much needed love! Link to comment Share on other sites More sharing options...
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