So, not that anyone knows me on here, but I have posted a few threads about my activity. Yesterday, I paid off the final account on my credit report, leaving only my house and student loans as debt (both of which are in great standing). I was able to arrange a few PFD’s, which was good. However, with others, I just paid a settlement amount with no PFD. I’ve been reading artound this forum and realize that my only option is a GW letter to the companies reporting “Settled for Less Than FUll Balance”. However, as everyone knows on here, there is also the OC reporting a CO. So, my question is, do I need to send a GW letter to both the CA and the OC? Or, do I just need to send it to the CA? Any help would be much appreciated.
Mar 012011
Dec 282010
Applied Bank(collections department) sent a letter to my credit union asking for payment on my behalf. The credit union sent a cashiers check  to Applied causing my account to go into the negative. I scheduled a payment with Applied in November but a mistake I made caused the payment to bounce.  They tried a few other times to take money out after this happened but failed. I get a letter in the mail saying my online bill pay privileges were suspended because of bounced check until I made a payment via mail etc . I paid the amount due via money gram in December(i know another dumb move but had no other options due to running 20 days late so far). I did not have any payments set up to be debited for December  nor was i notified that my account would debited.  I paid the money  to bring my account current why take a payment that wasn’t authorized or due since i’d paid money to Applied? I read somewhere that this activity (unauthorized charges from creditor debiting bank account even if account was given for a previous charge authorization) is illegal, Is this  true?
Dec 092010
Does this look right?
I disputed a chargeoff with Verizon Wireless. They erased the late charges that used to show and CO in 2/08 with all charge off’s in the history section. I recently received a settlement check from them for illegal Early Termination Fee’s class action lawsuit. I would not pay the ETF and that is the cause of the original lates and chargeoff. I did pay the account until 2009. Can I use the settlement letter to send to the CRA’s to get this inaccurate TL deleted? Can they replace previously late payments with CO every month?
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Date Opened: 11/2001 Balance: $0
Date Reported: 11/2010 Amount Past Due:
Date of Last Payment: 10/2009 Actual Payment
Amount: $428
Scheduled Payment
Amount: $0 Date of Last Activity: N/A
Date Major Delinquency
First Reported: 02/2008 Months Reviewed: 20
Creditor Classification: Activity Description: N/A
Charge Off Amount: $0 Deferred Payment Start
Date:
Balloon Payment
Amount: $0 Balloon Payment Date:
Date Closed: Type of Loan: Telecommunication/Cellular
Date of First
Delinquency: 09/2007
Comments: Consumer disputes this account information,
Charged off account
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 * * * * * * * * * *
2009 CO CO CO CO CO CO CO CO CO CO CO *
2008 CO CO CO CO CO CO CO CO CO CO CO CO
2007 CO CO CO CO CO CO CO CO CO CO CO CO
2006 * * CO CO CO CO CO CO CO CO CO CO
2005 * * * * * * * * * * * *
2004 * * * * * * * * * * *
Oct 222010
On my Equifax CR I have a collection account from Sprint for $361. The Date of Last Activity is Jan. 2008. I am thinking about doing a PFD. Is that a good idea?
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There is no contact info for this debt listed on my CR, do I just call Sprint and ask for the collections department??
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Leah said to contact Sprint if the SOL has expired (which I am pretty sure in AZ is 6 yrs) and ask for a recall. What is a recall and is it better than sending a PFD letter?
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Confussed….
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Krystal
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Valued Contributor
Posts: 301
Registered: 02-06-2010
08-20-2010 09:59 AM
….Call Sprint. Talk to them. If they still own the debt and just hired a CA to collect, you can still pay them. And avoid the CA interest fees. You can also negotiate a “recall”. Pay Sprint, and they’ll pull from the CA. Resulting in a removed collection on your reports.
Jul 212010
I have a charge-off with a soon-to-be expiring SOL, and I’m trying to pinpoint the SOL date so that I can send a “post-SOL pfd” letter to the collection agency. I live in California with an SOL of 4 years. I have a copy of my equifax report from 12/8/2007 with the following information about the OC:
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Date of Last Payment: 07/2006
Date of Last Activity: 08/2006
Date Maj. Del. 1st Reported: 02/2007 (this is the charge-off date)
There are also some late payments listed. The last string of lates includes a 30 day on 9/2006, 60 day on 10/2006, etc, up to a 180 day on 02/2007. This is consistent with missing a payment in 08/2006.
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I also have an equifax report from 1/9/2009. The only difference is that “Date of Last Activity” is blank, and the 08/2006 is listed under “Date of 1st Delinquency” instead. It looks like they just changed the column it’s under
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Based on this, my understanding is that SOL expires sometime in 8/2010 (i.e. next month), which would be 4 years after DOLA. Since there’s no way to confirm an exact date, would I be safe sending a PFD offer in September? Also, if they hypothetically sued me later in the year (say, October), would copies of the equifax report be considered proof that SOL has expired? If not, how do you prove it when the OC is unwilling to send old statements.
Related Blogs
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Jul 162010
sallie mae has an old student loan account listed on my EQ report as “pays as agreed” and in comments column has “balance paid or being paid by insurance company” in the activity description it states “transfer/sold” Â and in the 81 month payment history there 90 / 120 and CO listed in 2004 and 2005. Â The date of last payment is 10/03 and the date closed is 12/2005. Â The DOLA is 10/03. My question is what exactly is going on here? shouldnt this be coming off my CR in october 2010? Should I dispute cause im being flagged for hurting FICO score but yet it states PAA so isnt that helping? Im very confused about this one.
I am new to the forum. I have been reading a lot of the post and they are a great help – however some a little to late for me. After pulling my a powerscore on 4/26/10 I see it says that all the categories are good except the payment history. I want to work on this because I think this will be the key to boosting my score but I just don’t know what the best approach would be. I am pretty cautious about applying for new accounts because I always get turned down so I really don’t want to take that approach. I was wondering if there is some way to improve the history from accounts already on my CR. Below is a snapshot of what I have:
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Tire Kingdom Credit Card/ Citi
Opened – 09/07
Last Activity – 06/08
30 Days late 3 times: 11/07, 01/08, 06/08
Account closed by grantor/ closed paid account
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HSBC
Opened – 04/06
Last Activity – 03/10
30 Days late 1 time: 02/10
Pays as agreed/ Account currently open
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Verizon
Opened – 04/06
Last Activity – 05/06
120 Days past due
Paid Collection/ Utility
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USAA Savings Bank
Opened – 04/03
Last Activity – 09/05
120 Days past due
Account closed by grantor/ zero balance credit card
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Washington Mutual/ Chase Credit Card
Opened – 06/07
Last Activity – 04/10
90 Days past due 4 times/ 60 Days past due 1 time/ 30 Days past due 2 times
Account closed by grantor
Apr 012010
Hello all and thanks in advance for your responses 
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As many of you here I’m trying to rebuild my credit after a horrible divorce which MUDERED my credit, yikes!
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Anyway I have this department store charge crad which currently shows the following: Status: 03/04, Last Activity: 08/03, 120 days late as of 02/04 … My questions is when will this negative item be removed from my report? which is the day that’s taking into consideration?? the last activity date??? Or when the account became 120 days late????.
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Thanks again!!!
Mar 132010
Back in 2006 my husband became disabled and needed a double lung transpalnt. Since he made more then half the income to our house and it was suddenly taken away from us our credit went down the tubes. It took me a long time but I managed to pay off the credit card debt we had at the time or so I thought. I was looking at my credit score and saw a charge off from Chase Bank. I’m confused because I don’t know how to read the report but it says it was originally charged off in June of 2006 but then in March of 07 it goes back to 180 days late then stays that way until another charge off was reported in March of 09. It has a zero balance and the activity shows paid and closed and under the comments it states paid for less then full balance and account charged off. I tried calling Chase but the department I need to talk to is closed until Monday. I’m trying to figure out if I still owe a balance on this debt and how can I get the charge off removed from my report or if I’m sol? Can anyone help me?