Thread: To Dipspute or Not to Dispute

Hello all,

For those reading this, thank you and bare with me through this. I had (1) charge-off in the amount of 20K+ with Citibank. The last date of use was 8/2000.

The Citibk entry is off of all 3 credit reports, but I have (2) different NCO entries on my EQ and I have (1) on my EX, and (1) on my TU. That is all I have my scores are from 655-665.

(EQUIFAX)
NCO FINANCIAL GROUP
Account Number: NCOP PURC
Acct Type: Open Account
Acct Status: Open
Monthly Payment: $0
Date Open: N/A
Balance: $21,331
Terms: N/A
High Balance: $13,789
Limit: N/A
Past Due: $21,331
Remarks: COLLECTION ACCOUNT
Payment Status: At least 120 days or more than four payments past due

NCO FINANCIAL SYSTEM
Account Number: XXXX
Acct Type: Collection Account
Acct Status: Open
Monthly Payment: N/A
Date Open: Aug, 2002
Balance: $13,789
Terms: N/A
High Balance: N/A
Limit: N/A
Past Due: N/A
Remarks: N/A
Unpaid
Payment Status: Unpaid

(EXPERIAN)
NCO FINANCIAL SVCS
Account Number:
Acct Type: Unknown - Credit Extension, Review, Or Collection Collection Account
Acct Status: Closed
Monthly Payment: $0
Date Open: Sep, 2002
Balance: $21,331
Terms: 1 Month
High Balance: N/A
Limit: N/A
Past Due: $20,868
Remarks: N/A
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

(TRANSUNION)
NCO FINANCIAL SVCS
Account Number:
Acct Type: Collection Account
Acct Status: Open
Monthly Payment: NA
Date Open: Aug, 2002
Balance: $21,331
Terms: N/A
High Balance: N/A
Limit: N/A
Past Due: $20,868
Remarks: Placed for Collection
Payment Status: Collection account

The question I have is...should I dispute as NOT MINE,,,then wait for the results and then send out Validation letters?

I live in TX and I know the SOL is 4 years. If I dispute as NOT MINE will I awake a sleeping giant.

Please if you can be of assistance or can help that would be great. And if you do respond,,please,,please be kinda thorough as I am new trying to do this on my own. If you need more if I can reply and add any other pertaining info.

Thank you so much

bump,,thanks

please

BUMPING To Dipspute or Not to Dispute sneaker | 22 posts since Apr 2003 64.12.96.107 | 04.19.2004 @ 01:19 bump,,thanks

If date of last use is indeed 08/2000 and the SOL in your state is 4 years, then it should fall off your reports by the end of this August, no? Or am I wrong? Anyone?

Originally posted by fingrrrl
If date of last use is indeed 08/2000 and the SOL in your state is 4 years, then it should fall off your reports by the end of this August, no? Or am I wrong? Anyone?

The SOL for a lawsuit (4 years) has nothing to do with the SOL for reporting on a credit report (7 years).


20K is an awful lot of money...how did you get Citi off? Where are you getting the 8/2000 date?

Originally posted by fingrrrl
If date of last use is indeed 08/2000 and the SOL in your state is 4 years, then it should fall off your reports by the end of this August, no? Or am I wrong? Anyone?

Aug 2004 is the date after which they can't legally collect.
Aug 2007 is when it would fall off the reports.

Both of these hinge upon the accuracy of the 08/2000 DATE.

The Sol and the reporting period have nothing to do with each other.

To fix this discrepancy the reporting period should be revised to read 7 years or the expiration of the SOL which ever occurs first.

Originally posted by lbrown59
Aug 2004 is the date after which they can't legally collect.

---if the SOl is 4 years, isnt this the last date the CA has to file for a judgement against the consumer? The CA can technically attempt to collect forever (letters/phone calls) unless the individual C & D them.

Aug 2007 is when it would fall off the reports.

Both of these hinge upon the accuracy of the 08/2000 DATE.

The Sol and the reporting period have nothing to do with each other.

To fix this discrepancy the reporting period should be revised to read 7 years or the expiration of the SOL which ever occurs first.

Originally posted by lbrown59
Aug 2004 is the date after which they can't legally collect.

Aug 2007 is when it would fall off the reports.

Both of these hinge upon the accuracy of the 08/2000 DATE.

The Sol and the reporting period have nothing to do with each other.

To fix this discrepancy the reporting period should be revised to read 7 years or the expiration of the SOL which ever occurs first.

---if the SOl is 4 years, isnt this the last date the CA has to file for a judgement against the consumer? The CA can technically attempt to collect forever (letters/phone calls) unless the individual C & D them. The SOL does not make a legitimate debt go away...it just precludes the CA from obtaining a judicial order to pay...aka judgement...

Originally posted by mistasmyth
---if the SOl is 4 years, isnt this the last date the CA has to file for a judgement against the consumer? The CA can technically attempt to collect forever (letters/phone calls) unless the individual C & D them. The SOL does not make a legitimate debt go away...it just precludes the CA from obtaining a judicial order to pay...aka judgement...

An expired SOL is an affirmative defense. What that means is the debtor must go in and raise it during court. If they file a lawsuit after SOL, and you do not appear, they can get a judgment against you legitimately.