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onelove

Credit repair/dispute

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Hello guys,

I am searching for the best way to go about disputing collections and charged off accounts on my report. I have been sending out a letter to the credit bureaus but nothing

ever got Deleted. Always come back as verified or updated. Can you guys share with me some effective ways to dispute.

I need to improve my scores witch are in mid 500s. Please help.

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1 hour ago, onelove said:

Can you guys share with me some effective ways to dispute.

There is no magic method to remove accurate information.  You have already disputed once too.  The bureaus are not required to keep investigating absent some compelling new information.  

1 hour ago, onelove said:

I need to improve my scores witch are in mid 500s.

If you manage your debt your score will improve.  

Based on your other threads you have bigger problems than your credit score with at least one lawsuit under way and potentially others to follow.  Sending in frivolous disputes now could escalate the speed at which they file their own lawsuits.

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18 hours ago, onelove said:

Hello guys,

I am searching for the best way to go about disputing collections and charged off accounts on my report. I have been sending out a letter to the credit bureaus but nothing

ever got Deleted. Always come back as verified or updated. Can you guys share with me some effective ways to dispute.

I need to improve my scores witch are in mid 500s. Please help.

The answer varies widely based on what type, age and various other factors of the bad TLs.  If there are balances still allegedly owed and they are within the statute of limitations to sue, you would have to proceed with the knowledge that they may sue or counter sue if you try aggressive credit repair.

I have used aggressive credit repair methods previously by utilizing the arbitration clauses in most credit card and loan agreements, but even that is not an over night process. It can take over a year (or two) to clear things up.

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On 2/18/2019 at 10:27 AM, fisthardcheese said:

The answer varies widely based on what type, age and various other factors of the bad TLs.  If there are balances still allegedly owed and they are within the statute of limitations to sue, you would have to proceed with the knowledge that they may sue or counter sue if you try aggressive credit repair.

I have used aggressive credit repair methods previously by utilizing the arbitration clauses in most credit card and loan agreements, but even that is not an over night process. It can take over a year (or two) to clear things up.

Could you please tell me more about those aggressive repair methods?

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On 3/13/2019 at 1:01 PM, onelove said:

utilizing the arbitration clauses in most credit card and loan agreements, but even that is not an over night process. It can take over a year (or two) to clear things up.

^^ Or by suing.

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most of the charged off are 2-3 years old. I have disputed all of them multiple time but they keep coming back as verified and updated.

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3 hours ago, onelove said:

most of the charged off are 2-3 years old. I have disputed all of them multiple time but they keep coming back as verified and updated.

Who are they with?

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28 minutes ago, fisthardcheese said:

Who are they with?

The charged offs are with: CBNA, CHASE, SYNCB, MACYS, COMENITY CAPITAL BANK

3 of those are now in collection with Middland

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15 minutes ago, onelove said:

1 Comenity capital bank,  2 syncb

Perfect.  If this were me, I would put priority on working out a settlement deal with Chase.  Chase has no protections for you if they sell it off to another JDB and that collector sues you.  Even if you have to work out a payment plan, I would settle with Chase first.

Midland will likely sue at some point, but I would sit back and let that happen.  I would then use the good arbitration clauses in the card agreements of Comenity and Synchrony to get a dismissal with prejudice which can be used to also remove them from your credit reports.

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1 hour ago, fisthardcheese said:
 

Perfect.  If this were me, I would put priority on working out a settlement deal with Chase.  Chase has no protections for you if they sell it off to another JDB and that collector sues you.  Even if you have to work out a payment plan, I would settle with Chase first.

Midland will likely sue at some point, but I would sit back and let that happen.  I would then use the good arbitration clauses in the card agreements of Comenity and Synchrony to get a dismissal with prejudice which can be used to also remove them from your credit reports.

OK. what about CBNA?

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On 3/26/2019 at 3:18 PM, onelove said:

OK. what about CBNA?

Is CBNA CitiBank?  That one also has arbitration, but it is slightly more tricky due to the small claims language in it.

On 3/27/2019 at 3:02 PM, onelove said:

i have used the attached letters but never got a deletion. Do you guys have better ways or letters I could use.

 

dispute-1st-rond.docx 19.91 kB · 2 downloads Dispute-2ND Rond .doc 40.5 kB · 0 downloads

You can almost guarantee that no letter is going to get a collection account removed that still has a balance showing without going through some type of court or arbitration process.

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On 2/17/2019 at 3:49 PM, onelove said:
 

Hello guys,

I am searching for the best way to go about disputing collections and charged off accounts on my report. I have been sending out a letter to the credit bureaus but nothing

ever got Deleted. Always come back as verified or updated. Can you guys share with me some effective ways to dispute.

I need to improve my scores witch are in mid 500s. Please help.

They are using a system called metro 2, look itup. They OCR your dispute and convert it into a 2 digit code and compare it to the furnishers computer and thats what they call verified. Thats not an investigation ha ha ha. Needs help let me know... i get passed this scam they do to us. They have a computer that opens your letter and reads it, it also does the investigation (so Called).

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On 2/17/2019 at 5:12 PM, Clydesmom said:

There is no magic method to remove accurate information.  You have already disputed once too.  The bureaus are not required to keep investigating absent some compelling new information.  

If you manage your debt your score will improve.  

Based on your other threads you have bigger problems than your credit score with at least one lawsuit under way and potentially others to follow.  Sending in frivolous disputes now could escalate the speed at which they file their own lawsuits.

Collections sell PAPER and win because of ignorance. Check the laws in your state and make sure statue of limitations has not has not passed and you think you still owe that debt though it could me yours. No court can make you pay a debt out side of SOL, but they will if your don't know your laws. The SOL starts on your first late pay if you made a payment. If you never made a payment then the  day the account opened is the year to start your count. If you open an account in 2006 and you pay late in may 2017... thats when you start counting the years. If statue of limitations in you state is 5 years and its now 2019- that debt is no longer valid until you except responsibility. How? Make any size payment and on that day your statues of limitations start over on that day and the debt is valid again. Thats why debt collector record you, they want to bring dead paper back to life with your mouth.....ha ha ha.and its legal.

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13 minutes ago, Mr. Mann said:

No court can make you pay a debt out side of SOL, but they will if your don't know your laws. 

If a defendant does not raise the SOL as a defense, it is considered waived.  As a result, even if the debt is outside the SOL, the court can render a judgment against the defendant, and the judgment can be enforced.  

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44 minutes ago, Mr. Mann said:

Check the laws in your state and make sure statue of limitations has not has not passed and you think you still owe that debt though it could me yours.

The SOL in MA where the OP says they are from is 6 years.  They are already being sued by BoA an OC on one debt that is five figures.  The SOL is still very much alive on several other debts so engaging in credit repair right now was extremely high risk.

45 minutes ago, Mr. Mann said:

If statue of limitations in you state is 5 years and its now 2019- that debt is no longer valid until you except responsibility. How? Make any size payment and on that day your statues of limitations start over on that day and the debt is valid again.

That is SO not true and is very state law dependent.  Some states require that the debt be re-affirmed in WRITING by new contract to restart the SOL.  Others state any payment resets it.  Simply making a payment does not restart the clock in all states.

46 minutes ago, Mr. Mann said:

Thats why debt collector record you, they want to bring dead paper back to life with your mouth.....ha ha ha.and its legal.

Again, NO.  Many states require that it be in writing and a verbal conversation is not enough to re-affirm the debt.  Texas is one of those states.  If you do not re-affirm in writing it isn't valid.

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7 hours ago, Clydesmom said:
 

The SOL in MA where the OP says they are from is 6 years.  They are already being sued by BoA an OC on one debt that is five figures.  The SOL is still very much alive on several other debts so engaging in credit repair right now was extremely high risk.

That is SO not true and is very state law dependent.  Some states require that the debt be re-affirmed in WRITING by new contract to restart the SOL.  Others state any payment resets it.  Simply making a payment does not restart the clock in all states.

Again, NO.  Many states require that it be in writing and a verbal conversation is not enough to re-affirm the debt.  Texas is one of those states.  If you do not re-affirm in writing it isn't valid.

You say no and then you say in some states, which is the right answer? Also, don't only focus on statues and legalese broaden your mind into contract law, law of adhesion and invisible contracts and don't forget tacit acquiescence. If you don't do your homework, you will always say no to my research and study ha haha. This stuff is not limited to what we know, it goes way back into fiat and thats another topic but you can't be limited and ready to judge without study first.

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5 hours ago, Mr. Mann said:

You say no and then you say in some states, which is the right answer?

It's not a simple yes/no answer. It depends on state laws and how courts in that state have ruled on other similar cases. And even then there is sometimes gray area.

5 hours ago, Mr. Mann said:

law of adhesion and invisible contracts and don't forget tacit acquiescence.

None of these are applicable to debt contracts that exist in writing in any state in the US.

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On 3/26/2019 at 9:19 AM, onelove said:

most of the charged off are 2-3 years old. I have disputed all of them multiple time but they keep coming back as verified and updated.

What letters are you using?

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