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Need Help in My Repair Plan


Wishmich
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I've got all 3 reports from the CRA's. I'm putting the negatives and how I plan on dealing with it. Any input or suggestions will be helpful before I do this. I'm really nervous.

Cap One: They are showing a charge off and acct closed by Credit Grantor. What really happened was that I transferred the balance to another credit card and closed the account. They kept sending me statements adding on late fees and interest; I kept sending them letters telling them they were wrong. Stupidly, I don't have the letters I sent. Anyway, they are reporting to the CRA's (last reported 3/06) that it was a charge off. PLAN: Ask that it be verified. If it comes back verified, dispute again and again and again.

HSBC: Charge off account/sold to JDB. Paid JDB (yeah, I know...but he was suing me and the judge was a jerk). PLAN: I would like to tell them this acct was a PFD and roll the dice. Any other suggestions?

Time Warner Cable: They are showing two different charges with a CA. When I cancelled this service, there was nothing I owed. PLAN: Dispute and ask they verify.

Sam's Club: I was late 4 times in the past 48 months; once two months in a row, that's when they closed it. Sam's closed the account and they are showing the 4 late payments. It also shows paid as agrees, with a $150 balance, but it's still listed as negative account PLAN: I have no idea what to do with this. Need suggestions, if there are any.

4 old medical bills, all to come off this year or next. The CA's have started hounding me. PLAN: Not sure. Suggestions?

The only other negatives are with my credit union. We had a car payment and a mortgage with them and when things fell through the floor, we were late. I suppose there's nothing we can do with that, except wait for time to pass.

I'm very nervous about this, but I'm like everyone else....trying to repair the mess.

Thanks in advance for any suggestions.

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Cap One: They are showing a charge off and acct closed by Credit Grantor. What really happened was that I transferred the balance to another credit card and closed the account. They kept sending me statements adding on late fees and interest; I kept sending them letters telling them they were wrong. Stupidly, I don't have the letters I sent. Anyway, they are reporting to the CRA's (last reported 3/06) that it was a charge off.

Do you have proof that the transfer occurred? A statement from the CC co. that the balance was transferred to? That may show the acct. # or card # of the acct. that the balance was transferred from. This and any other documentation showing that you closed the account after the balance was transferred. DV in this case does not apply if it's still with the OC. In following with the proper steps to take regarding the OC read this: http://www.creditinfocenter.com/repair/DisputingWithOriginalCreditor.shtml

HSBC: Charge off account/sold to JDB. Paid JDB

Have proof that you paid the JDB? You might try contacting the JDB to see if they will remove the TL because it was PIF.

With regards to the OC, HSBC, I suppose you could try calling them and asking them to remove the TL. Read up on CIC to find out if there may be some inaccuracy such as showing a current balance (when there isn't supposed to be since it was sold to a JDB). If there is anything other than $0 where the current balance owed is, then you could send a 623 letter in this case to the OC because they are reporting inaccurate information. Otherwise, I believe this may have to fall off on its own when it's supposed to. Someone else here may able to give you better advice on this one.

Time Warner Cable: They are showing two different charges with a CA. When I cancelled this service, there was nothing I owed. PLAN: Dispute and ask they verify.
Two different amounts? Same account number? If the OC (Time Warner) is reporting more than one TL's on your CR and it's for the same acct, then I believe that's a violation under the FCRA. If the OC has one TL and the CA has another TL but the account numbers are different, then this is legal. If the account numbers are the same, then that is NOT legal. That's a violation. Again, someone else can elaborate. Robert? Any help here?
Sam's Club: I was late 4 times in the past 48 months; once two months in a row, that's when they closed it. Sam's closed the account and they are showing the 4 late payments. It also shows paid as agrees, with a $150 balance, but it's still listed as negative account PLAN: I have no idea what to do with this. Need suggestions, if there are any.
If that balance is still owed on the account, then the TL is accurate. They can continue to report the balance (for up to 7 years from DOLP or DOFD) until you pay it off. If it's already paid off, then gather your proof and send the OC a 623 letter. I don't know the answer to this one 100%. But I'd love to learn what it is.
4 old medical bills, all to come off this year or next. The CA's have started hounding me. PLAN: Not sure. Suggestions?
Have the CA's started communications within the last 30 days or has it been longer? If it's been within the last 30 days - do not hesitate... send out DV letters ASAP. They must stop all collection efforts immediately upon receipt of your CMRRR DV letter. This of course only applies if you are DV'ing within 30 days to their initial contact in writing ie: The first dunning letter you were sent. If they have been hounding you for months, then you can DV all you want, but they do not have to respond or cease their collection efforts.
The only other negatives are with my credit union. We had a car payment and a mortgage with them and when things fell through the floor, we were late. I suppose there's nothing we can do with that, except wait for time to pass.
What did the CU do with the accounts? Did you refinance the home with a different lender? Was the house foreclosed on? Was the car repoed? If the accounts were not closed, charged off or sent to collections/JDB, AND IF you have been making the payments as agreed, I suppose you could try contacting them to see if they would correct the TL's to reflect the accounts are current and you are paying as agreed. Everyone goes through rough times. If you've survived that time period and are now back on track with the CU, there's no harm in asking for them to change the negative TL's to reflect positive ones.

Keep in mind that with regards to sending OC's 623 letters that you MUST dispute with the CRA's FIRST. Read up on the stickies about where to start, for newbies. There are things that you must do in the correct order. I hope this helps you out.

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Thank you so much for your input. You've pretty much answered all of my questions at this point. I need to find some documents and I'll be on my way to getting rid of some of this stuff!

One question, tho....on the medical collections, when they first went delinquent was when everything crashed for me. They sent me collection notices, but I ignored them. I wasn't capable with dealing with any of that at the time. They then let it go for years. Now it's nearing the SOL and they've started calling me again. I could either ignore them again and hope they don't sue me, but I don't want to take that chance. Should I make them an offer, PFD? Within the next couple of months, I will have something to pay them. I just don't know what to offer at this point.

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How much is the original balance on the CAP One bill? Depending on the timing, you might have had a statement where the accrued interest was billed to the account before the balance transfer was received. This MIGHT be where the problem is coming from. You have to be careful with that sometimes. Just a thought, not that it changes anything, but you need to know what you're dealing with.

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