Hi I have a charge off from Santander (citifinancial orig.) for $1065. The original credit limit was $17,983, the car was totaled in accident and remainder was $1065. The date of last payment 05/2007 and exp & tu show fall off date 05/2014. I am still in the sol for 2 months. I believe this is preventing me from getting a good interest rate 15.99% offered but I declined. My question is should I #1 ask Santander for my amount owed, the only reason is because the car was salvaged and where did the money from the auction go to       #2 try to get a settlement lower than $1065 because of the sol    #3 pay the amount and ask for pays as agreed? if they will  #4 ask for a PFD  any advice is greatly appreciated I have been looking around and came up with those 4 options. Carrie
I have a credit card that was sent to collections but the debt collector has not reported on my credit report. I want to get the balance off my original credit card but i do not want to risk calling the collection agency and getting a new collection account. What should i do since I want to have the original account to show up as paid but don’t want the collection agency to report to my credit report
I had a credit card roughly 4 years ago. A $300 credit limit turned into $1,040 after they closed my account due to non payment (I think I missed 2 payments) and applied all their fees. They took me to small claims court and the judge dismissed the case without prejudice and I was not ordered to pay anything because they had lost my original credit application. I’m just wondering if this should still be on my credit report or if it should of been taken off because it was dismissed. Also shouldn’t it be displayed in my public records part of my credit report?
I have been reading this forum for the past two months and have found it to be an excellent source of information. It has helped my greatly in rebuilding my credit. Thanks to all the expert contributors.
I received a collection notice on 2/10/10 from Accelerated Financial Solutions regarding a debt of $5,720 with a Citibank platinum card with an original credit card number which does not appear on my credit reports. This is an old account dating back to 2002? I sent a DV letter via CMRR on 2/20/10 to Accelerated but never received a response. On 4/2/10 I received a monitoring alert from USAA Credit Check that Accelerated Financial had posted this to my Experian and Equifax credit reports as a collection item. My FAKO credit score dropped 60 points. I pulled a credit report from the Experian web site to look for additional information. It is listed as a potentially negative closed account with an account number of M14xxx, balance of $5,720 and no DOFD or DOLA. The date opened is 12/1/09. I called Experian to see if there was any additional information regarding DOFD or DOLA, etc. but there was no additional information in their credit file. I filed a verbal dispute with Experian and also mailed (CMRR) a dispute letter to both Experian and CSC (Equifax), along with copies of the collection letter from Accelerated and my DV letter. Since I reside in Texas, I stated in the dispute letters that Accelerated Financial did not respond in 30 days to my DV letter as required by state law (copy included), and therefore requested the CRA’s to delete this collection item from my credit file.
Should I contact the OC, Citibank, to find out the DOFD? Is there anything else that I should be doing to remove this debt?
Related Blogs
- Related Blogs on Accelerated Financial – no DV response/posted as new collection item
Hi Guys,
I pulled my free credit reports for the year and was going over everything to write some PFD letters. I am beyong SOL on all my negative hits and most everything negative will drop on it’s own in about 1 – 1.5 years. That being said, I would love to have it off now by negotiating some PFD’s.
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My questions is that I came across an odd reporting from Arrow Financial Services. It is a debt showing $1,683 (the highest debt shown on my CR). I have no idea what this is. I had thought it was my one old credit card (I never had anymore than one), but the original credit line was $550 (just out of high school). As I was looking I do see this and it was shown to have been sold, but only shows a debt of the $550. If these are related I don’t understand the jump to $1,683.
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Also, the Arrow Financial record shows DOLA as Oct. 2004, however it shows Date Reported 6/2009.
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Since I honestly have no clue what this is should I DV it? I am in TX and I know SOL is 4 years so I am good.