I just looked and I have 7 collections on my credit report that are paid off. If I can get them to accept GW letters how much do you think my score would go up?
Mar 222011
Mar 222011
I have a $575 collection account showing on my EQ with Allied Interstate/Directv as the CA. Â Recently I received a letter from AFNI, another CA for the same debt. Who do you suggest I contatc to DV and PFD? Â
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If AFNI now has this account, then how will I get the Allied Interstate collection off of my CR, after I settle up with AFNI? Â I’m a newbie, and I need some expert guidance.
After a year of fighting with EQUIFAX. I’m ready to sue over this account.
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I wrote several letters and phone calls to them explaining it was not mine and after the 7th letter of verified, I am ready for a lawsuit because in the last two months they did not reply to the MOV after I requested this information in writing TWICE and they did not reply at all. Â
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Both I sent certified mail and both were allowed 30 days to pass when they should only get 15 days max according to FCRA laws.
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I contacted by phone the outsourced dept who for 3 hours gave me a run around and then finally I asked to speak to the english speaking dept in Atlanta GA in USA who might be able to resolve this issue.
They then transferred me to a rep in Atlanta and they spoke english WOW …the front end clerk who states they do not have any such law and I need to get the method of verification through the original creditor and she’s been working for EQ for many years and this is not a law. I kept referencing the FCRA and ordered to speak to a supervisor because she clearly didn’t understand the laws.
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I was then transferred to FRAN the front end clerk’s supervisor in the FRAUD dept who stated the same exact thing … it was not until I stated that I was going to sue equifax that she said please hold while I transfer you to the consumers affair dept because your threating to sue.
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I then spoke to Mrs Anders who stated that they physically go to the court to verify that information but refused to send me the method of verification in writing so I told her I called the court house and they have no such judgement on file.
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She said she would go on three way and call them I said let’s do it Â
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She said hold then switched over to a number and it dialed and had a message stating the number was no longer valid.
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She asked me which number I called and I said I refused to help her find a phone number when she should have all the information on file and in the process her company stated they verified it.
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She then stated she would find a phone number and call me back I said ok here’s my number I’ll be waiting…
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I doubt they will even call back prob glad to get me off the phone but I said the next process is to file a federal law suit against your company for negligent or willful non-compliance.
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Has anyone experienced such ordeal with Equifax phone rep’s?
Mar 222011
I have a letter im sending to CA re: verbal Payment plan made over the phone that i would like in writting. This i what I have so far. What do you think? Did i leave anything out? Would you change something? Let me know, thanks!!!
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(Creditor name)
(Creditor address)
Re: (Account number)
Dear (Creditor name),
This letter is an attempt to clearly state terms of verbal agreement made on the remaining balance owed on the following account. A WRITTEN agreement protects both the parties from discrepancies and disputes later.
1. (Account number)
The total amount owed on this account is ($ X).
1. (CA) agrees to accept a payment arrangement as settlement of the balance owed on (account number). The payment term will be for (X) months, beginning in (3/25/2011) and ending in (date of the last payment). A monthly payment of ($ 50) over the next (Z) months will be paid to (ca) as an agreed full and final settlement of all outstanding charges and fees on (account number). Each monthly payment will be due on the 25th day of the month.
2. (CA) agrees to delete ALL information regarding this account from the credit reporting agencies and will not discuss the terms of this settlement with anyone, excluding your client on this account. If contacted by any third party, including credit-reporting agencies, Collection Agency will not acknowledge that any settlement offer was made, accepted or executed and will, in fact, deny knowledge of any such account (CA) reserves the right to resume collection attempts only if (your name) does not adhere to the payment schedule outlined in item #1. Once the entire balance has been paid off in full, (ca) agrees to permanently cease any and all attempts to collect on (account number), since (creditor name) would recognize the account as being paid in full.
3. (Creditor name) agrees not to sell the debt owed on (account number) to any third party, provided that (your name) adheres to the payment schedule in item #1. (Creditor name) reserves the right to resume collection only if the payment schedule is not adhered to.
4. (Your name) may pay off the remaining balance prior to the end of the payment schedule without penalty.
5. This agreement is binding on both parties.
If you completely agree to points 1 through 5 listed in this offer, please have an individual authorized to make such agreements on behalf of (creditor’s name) sign and return a copy of this offer to the return address listed at the bottom of this page. The individual who signs on behalf of (creditor name) must have express authority to make such agreements binding upon (creditor name) or the agreement is void. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state.
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As a show of good faith I’ve enclosed my first payment in the amount of $__50_. I would appreciate a call from you confirming your acceptance of my payment terms. However, if I do not hear from you, I will consider your cashing or depositing my check as confirmation that you accept my payment terms.
Sincerely,
Mar 222011
I have a Discover Card account that I fell behind on a few years ago that went into Judgement. I spoke to someone at the CA that is handling the collection, because I was curious what would happen once the account is paid off. I’m hoping to make my last payment at the end of this week.
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According to the Collection Agency
Once the debt is cleared they will send Discover notice that the balance has been paid (2-3 Days), so they can update my credit report. They will also file papers with the court to update the status of the Judgement to satisfied. Depending on the backlog of the court it might take up to 60 days for them to update the Judgement status. The agent I spoke to mentioned that if I wanted to have the status updated sooner I should copy the paper work I receive stating the judgement is paid and send it directly to the CRA.
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Does that sound accurate? Am I going to have to wait 60 days before it starts reporting correctly? Will filing a dispute directly with the CA negatively effect my report? I think I’ll get points when the card reports a 0 balance, should I try to GW Discover to remove the lates/KD? Would a PFD work in this case? Is there anything else I should do to get the trade line removed, or is leaving it alone better for my AAoA?
Mar 222011
What is the different? Which one should you pay off? which one is hurting my score the most?
Mar 222011
Can a ca report OC balance on cra?
I have a balance of 3900 with the ca and last payment of 400. The OC is not on my CRA’s. They have never reported. But the OC balance before ca added their fees is 2900
The derog is from the ca and says balance of 2900 and last payment of 281.
I’m assuming thy are reporting the OCs balance and the portion of the payment that went to the OC.
Can they do that? Don’t they have to report what they say I owe and why I actually paid??
Mar 222011
Had an account with MBNA sold to CA (EPS) and was paid on and paid off regulary.  Paid the final payment back in Nov. of 2010.  Just checked my EQ CR and it shows Paid Collection,  $0 balance  but now with no lates in the details box until March 2011.  How can it be paid off back in Nov. and show a late of 120 days in March with a $0 balance?
Mar 222011
My co-worker had an old Citibank account that was sent to Asset Acceptance in October 2010. The account was eventually charged of and she was sent a 1099C. Im assuming that the account went back to Citibank. My quesion is shuld she try to have the Asset Acceptance Collection removed since it was sent back to Citibank?
Mar 222011
I currently have 4 upaid accounts with the same CA for a total of around $500 and all are on my EQ report.  I recently called the CA and asked them to mail me a copy of all the accounts so I could look at them.  When I receive them, I plan on writing them a PFD letter.  My question is, do I have to write a PFD letter for each account I have with them or do I write just one PFD letter and mention all the accounts and offer to pay it all in full.  I’m pretty sure these are all legit accounts but I will find out for sure when I receive them. Â