I have some lates from 2004 from a Roaman’s card (WFNNB) that are due to fall off around September 2011. I decided to send a GW letter to the CEO of Alliance Data Systems (WFNNB is the bank subsidiary) asking if they would consider removing them. I just received a very nice letter expressing regret for not being able to honor my request because my account is no longer in their database due to inactivity. They also encouraged me to file disputes with the CRAs.
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I’ve read about disputing and understand the basic idea but I’m not really sure how the process works, or what the possible outcomes would be. Would anyone be able to shed any light on the subject? Also, is it really worth it since these should fall off next year? I don’t plan on making any major purchases before that time but I’m working to clean up my credit and would just really like to see these lates gone. What exactly would I say that I’m disputing? I wouldn’t be comfortable saying the account was never mine because it was. Thanks in advance to any who answer.