Confused when bank says closed account don't mean closed!

[saint al]

I produced in into evidence a credit report in 03 that showed the bank closed the alledged account lets sat "A", in discovery I brought this up. The bank's response is close don't me closed it means that there was $0 credit available, here is my confusion:

1. Do you register the alledged account closed just because you have no available credit?

2. couldn't you just pay down the balance under the credit limit to cure that problem?

3. The report in question shows a closed balance of $1,236.00 with a credit limit of $1,500.00 and has a statement that says "Closed at credit grantor's request."

Can anyone clear this up! Be Blessed! S.A.

[willingtocope]

1. Closed means you can no longer charge on it. It doesn't mean you don't still owe it.

2. Paying the balance down MAY entice the bank to let you reopen the account, but its unlikely.

3. So, you still owe 12k, and the bank is not inclined to let you reopen it.

[legaleagle]

Payments never help once they flag you as a deadbeat. They'll just reduce your available credit limit to match the amount you owe, so you can't use the card. They'll do this if you keep paying. Eventually, when you reach zero, they'll close the account and you won't get a new card when yours expires.

[saint al]

1. Closed means you can no longer charge on it. It doesn't mean you don't still owe it.

2. Paying the balance down MAY entice the bank to let you reopen the account, but its unlikely.

3. So, you still owe 12k, and the bank is not inclined to let you reopen it.

Let me be a bit more clearer. This account is a product of ID Theft bank "A" is the predessesor to to bank "2" who's a predessesor to bank "1" I never open or had an account with bank 1. These banks carried this fraudulent account and listed it on my credit report. Bank 1 has no credit history with a R1 status = paid as agreed less than a year later bank 2 shows the same info with a slight decrease in the balance and then when bank A gets it, it request that it be closed.

Fast foward to the present bank A sold the account with a new number and credit history to a debt collector who sued me a few years back and voluntarily dismissed the case when when I demand documentation that I was the accountholder at the same time i was disputing with all 3 CRAs that this was a fraudulent account which was verified by bank A, after some frustration I contacted the AG of my State who transferred my complaint to the OCC who then contacted me of its investigation of bank A who then sent me a letter including account statements covering 3 years with different addresses including a PO Box I once had which they claim they sent to me of which I never recieved any of them. None of those statements has any credit charges on them, they had the same number the bank A requested to be closed but here's what pricked my spirit the very first statement has the same balance as the balance when bank A closed the account to the penney. One thing I do know is even if they closed the account and its alledgedly a still owing account if nothing else interest will still be accruding so an account laying dormant for three years is going to be more after those years has past than it was before.

In discovery bank A claims the account is not closed but that the available credit is at $0, but that very credit report show that the account is reported as having a $2,000.00 limit with a balance of $1,200.00 so how is the credit at $0. and I've had many different accounts that were maxed-out or over the credit limit and none reported them closed because of $0 available credit and that status would change once I make a payment to bring it under the credit limit.

No this account was closed and should have been deleted but the banks bottom line is money so they shelf it a few years then took it off the shelf before the purge date and made it marketable for sale with no warranty as is.

Be Blessed! S.A.

[saint al]

Payments never help once they flag you as a deadbeat. They'll just reduce your available credit limit to match the amount you owe, so you can't use the card. They'll do this if you keep paying. Eventually, when you reach zero, they'll close the account and you won't get a new card when yours expires.

This has never been my account, there has never been any charges made on it. An imposter used my ID to open this account but it happen in 03. I never applied for this account, I never recieved any account statements period.

Be Blessed! S.A.

[Frostieman]

This has never been my account, there has never been any charges made on it. An imposter used my ID to open this account but it happen in 03. I never applied for this account, I never recieved any account statements period.

S.A.

If this is a true statement you need to file a police report. Some banks will also have what is called an "affidavit of identity theft" in which you swear in front of a notary public that the account was fraudulent. The bank will then contact the police to open an investigation. (That doesn't mean an investigation actually happens.)

I really dislike these "someone stole my id" posts. It's like saying someone stole your diamond ring or your Ferrari but you were to lazy to call the police. oh, please. No one is going to believe your story without the police report. So file one or stop this someone stole my id bs.

[legaleagle]

Were there any payments made?

[saint al]

If this is a true statement you need to file a police report. Some banks will also have what is called an "affidavit of identity theft" in which you swear in front of a notary public that the account was fraudulent. The bank will then contact the police to open an investigation. (That doesn't mean an investigation actually happens.)

I really dislike these "someone stole my id" posts. It's like saying someone stole your diamond ring or your Ferrari but you were to lazy to call the police. oh, please. No one is going to believe your story without the police report. So file one or stop this someone stole my id bs.

I did file a police report but the crime happen a while back the trail grow too cold! S.A.

[Frostieman]

I did file a police report but the crime happen a while back the trail grow too cold! S.A.

What. Are you trolling? This isn't cops and robbers. Did you send a copy of the police report to the plaintiff? Have you filed one with the court? They don't have to catch the person for your claim to be legitimate. Are you really this dense.

You forum signature says you have a "touch of common sense." Why don't you use it.

[saint al]

Were there any payments made?

Unfornately there was. I was contact through a debt collector and I assumed that it was for a defaulted account I had with a DIY store and that it was the underwriter for the account, I never paid any attention when signing the application to who the bank was. I check my credit report to see how it was being reported back then and it was no where to be found so I assumed this bank was it, but the payment average out to be 2 per year, nothing regular.

The bank "A" sold the alledged account to a debt collector who sued me in small claims, still thinking this to be the DIY account I signed a stipulation to pay so much a month.

I started my credit repair research on this very site and realized that I didn't see in any court papers my signature on anything, no contract, agreement or credit application, I made an inquiry to the collector's counsel after making many payments and was not satisfied with the response I re-open the case and got all my money back, they then ask it to be set for trial with their evidence and witness list and I ask the court to strick them afterward the collector voluntarily dismissed the case, now I'm the Plaintiff against the collector, bank "A" and 2 CRAs waiting on the judge to response to 1) my motion in Limine 2) all their sj requests[opposed by me of course]. I've outline this in my post titled Phase 1 and Phase 2. Be Blessed! S.A.

Edited July 17, 2012 by saint al

[saint al]

What. Are you trolling? This isn't cops and robbers. Did you send a copy of the police report to the plaintiff? Have you filed one with the court? They don't have to catch the person for your claim to be legitimate. Are you really this dense.

You forum signature says you have a "touch of common sense." Why don't you use it.

i don't know what your problem is but I am the plaintiff and I did submit a police report as evidence as well as to the defendants. I was very tempted not to respond to you as this forum is more to lift each other up instead trying to tear at each other unless you are on the side of the enemy.

Be Blessed! S.A.

[admin]

What. Are you trolling? This isn't cops and robbers. Did you send a copy of the police report to the plaintiff? Have you filed one with the court? They don't have to catch the person for your claim to be legitimate. Are you really this dense.

You forum signature says you have a "touch of common sense." Why don't you use it.

This sounds like a personal attack to me. Not allowed.