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I'm in a whirlwind, I really need someone to look at my credit report.


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I'm in a whirlwind, I really need someone to look at my credit report. I have several accounts that will reach the 7yr mark in the first two months 2014. If I'm not mistaken the accounts will fall off of my credit report. However from reading various forums, I believe there are several violations on my report.

 

eg: OC charge off with a balance, OC charge off then sold, Collection agency with high balance, reporting open date later than OC (open 2/2005) Creditor (Open 5/2012) and installment. I've gotten mail from a collection agency listing LNVN as original creditor. Some of the collection agency's have the original account number.

 

I recently sent out debt validation letters to everyone that was on my credit report and to those that I've received collection letters from.

 

Am I on the right track with the DV? and are the above scenarios a violation? if so what should my next move be..

 

Thanks in advance.

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@BugAboo7 - Split this post off to because it's really a different topic.  

 

To answer your question: If the OC sold the account, they should show zero balance.  Not sure DV will do the trick since you are sending as a result of seeing the accounts on your credit report, not in response to letters.  

 

It should work on LVNV since they sent you a letter.  

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@BugAboo7

 

eg: OC charge off with a balance, OC charge off then sold, Collection agency with high balance, reporting open date later than OC (open 2/2005) Creditor (Open 5/2012) and installment.

 

When a CA or JDB posts a "date opened", that's the date the account was opened in their files.  It is not the date you opened the account with the OC.

 

This is a credit card, and the debt collector is reporting it as an installment account?  If so, that's incorrect.  Depending upon your state laws, a credit card account would be considered either an open account or a revolving account.

 

When you take out an installment loan, the terms state how many payments will be made and when the account will be paid in full.  That doesn't happen with a credit card account, so a cc account can't be an installment account.

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