JRand85 Posted March 30, 2012 Report Share Posted March 30, 2012 (edited) Sent a Validation letter to Portfolio Recovery a$$. and within 2 weeks, PRA sent a letter saying it was to be removed. I was amazed! Credit score jumped 63 points!! Now I have the OC remaining on my CR(Cap One) and I am wondering how to continue. From what I read on here today, good option I have is a 623 after I dispute with big 3, which might be the easiest, or do I send another Validation letter hoping to get it removed that way? Any advice would be very helpful. Thanks in advance Edited March 30, 2012 by JRand85 Link to comment Share on other sites More sharing options...
JRand85 Posted March 31, 2012 Author Report Share Posted March 31, 2012 UPDATE: So i requested a online dispute through EX and was going to send a dispute letter to TransUnion, since that was the only 2 showing this from the OC. I disputed it at 11:35pm Central European time, and less than 20 hours later EX had apparently disputed with the OC and determined the account was valid!! Are you kidding me? 20 hours is all it took? So I'm guessing my next step is a 623?!?! Need some help please!!! Link to comment Share on other sites More sharing options...
BV80 Posted March 31, 2012 Report Share Posted March 31, 2012 UPDATE: So i requested a online dispute through EX and was going to send a dispute letter to TransUnion, since that was the only 2 showing this from the OC. I disputed it at 11:35pm Central European time, and less than 20 hours later EX had apparently disputed with the OC and determined the account was valid!! Are you kidding me? 20 hours is all it took? So I'm guessing my next step is a 623?!?! Need some help please!!!If the account is yours, unless the OC lost all their records, it will be verified. Is there a reason the account shouldn't be on your CR? Identity theft? Past the SOL for reporting? Link to comment Share on other sites More sharing options...
Coltfan1972 Posted March 31, 2012 Report Share Posted March 31, 2012 A junk debt buyer and/or collection agency are going to drop the matter a lot quicker than an original creditor. The original creditor most likely will have the records, or at least enough of the records to sustain a dispute. It's just a completely different ballgame dealing with the original creditor as opposed to a third party. It's like your banking info you have in your file cabinet. You can just reach in your file cabinet and you have the records. If you tell another party about your files but don't give all those files to that third party, then that third party is presented with a dispute about your files, they have to jump through a bunch of hoops to verify your files. Link to comment Share on other sites More sharing options...
JRand85 Posted March 31, 2012 Author Report Share Posted March 31, 2012 Ok so what do I do now? Do i proceed with a 623 asking how they verified the debt? I really feel like the CB just did a quick check and got a BS response from the OC. The fact that this account isn't reported on one of the CB's gives me hope. Any suggestions? Link to comment Share on other sites More sharing options...
BV80 Posted March 31, 2012 Report Share Posted March 31, 2012 Ok so what do I do now? Do i proceed with a 623 asking how they verified the debt? I really feel like the CB just did a quick check and got a BS response from the OC. The fact that this account isn't reported on one of the CB's gives me hope. Any suggestions?You've already started the 623 process by disputing with the CRAs. You're now talking about the "method of verification" according to 15 U.S.C. § 1681i(a)(6).Is the account yours? If it is and the OC can verify it, as long as they're reporting accurately, there's not much you can do. Link to comment Share on other sites More sharing options...
Coltfan1972 Posted April 1, 2012 Report Share Posted April 1, 2012 I really feel like the CB just did a quick check and got a BS response from the OC.It's because that is what they did. Don't know about a B.S. response. How long would it take you to open a file in your possession, make sure the documents in it were complete, and then fire a response back that the after a review of the records, what's being reported is accurate. You're now dealing with an original creditor. Most times, no always, but more times than not, has records to back up their credit reporting. In addition, Cap One is notorious for holding onto their records and being able to back their claims for credit reporting. Like BV80 correctly stated, if it's yours, not a lot you can do. Send your method of verification. Keep this in mind. Generally speaking, consumers trying hard to get something off their report, are doing that because they are planning on needing credit in the very near future, or have been turned down for credit recently, and are looking to clean up their reports. That could trigger a creditor, especially one as aggressive as Cap One, to come after you hard, possibly even sue you. In other words, think about it carefully if you want to rock the boat, you might just rock it into a lawsuit. Link to comment Share on other sites More sharing options...
JRand85 Posted April 1, 2012 Author Report Share Posted April 1, 2012 Thanks BV80 and Coltfan1972 for the response and advice. Coltfan, I get what your saying about rocking the boat and honestly was scared of doing anything to dispute the account with Cap One. Ive heard they are aggressive and I guess I was hoping since the account is from 2006, that my records would be hard to find. Luckily being from Texas, the SOL is 4 years, so I think i'm in the clear on being sued. Since I'm still very new to all this, does it even matter that one CB isn't reporting this account at all? Shouldn't it be uniform across the 3 CB's? EX and TRU are reporting it, EQ is not. Just trying to clear up as much credit as I can before I head to Afghanistan, that way I can put 10-12 solid positive months on the CR!! Fighting the good fight. Thanks again for the help Link to comment Share on other sites More sharing options...
JRand85 Posted April 2, 2012 Author Report Share Posted April 2, 2012 Another Update: I thought this was very interesting. So I called EX and asked their MOV, he basically told me computer. Blah blah blah. I called Cap One to see if they had any info on the account. I got transferred twice and next thing I know, I'm being connected to PRA, the company who already deleted the TL off my CR. So now what do I do? PRA could not validate the TL, deleted it, Cap One immediately transfers me to PRA. Am I right to assume that Cap One does not have any valid record of my acct?? Or they just have a comment on my acct to immediately forward to PRA? Obviously Cap One doesn't know PRA deleted it! What should I do now? Link to comment Share on other sites More sharing options...
BV80 Posted April 2, 2012 Report Share Posted April 2, 2012 Another Update: I thought this was very interesting. So I called EX and asked their MOV, he basically told me computer. Blah blah blah. I called Cap One to see if they had any info on the account. I got transferred twice and next thing I know, I'm being connected to PRA, the company who already deleted the TL off my CR. So now what do I do? PRA could not validate the TL, deleted it, Cap One immediately transfers me to PRA. Am I right to assume that Cap One does not have any valid record of my acct?? Or they just have a comment on my acct to immediately forward to PRA? Obviously Cap One doesn't know PRA deleted it! What should I do now?If Cap1 hired PRA to collect, that's why they transferred you to PRA. It doesn't mean Cap1 can't verify their own entry. Link to comment Share on other sites More sharing options...
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