Help! - Credit Repair Forum from Creditnet
Results 1 to 6 of 6

Thread: Help!

  1. #1
    chitchat is offline Member
    Join Date
    Aug 2002
    Posts
    98
    I've been lurking for quite a while, trying to learn as much as I can. But I have a few questions, hopefully someone can help.

    I had a Providian card in 99, card limit was $1000, late charges know it up to $2300 dollars. It went to collection account, I was given a settlement amount of $1190. I passed on the settlement amount now it's charged off. I spoke with Risk management and they said they would settle again at $1190, I told them okay but I needed a letter of settlement. Is this what I need to have it removed? I don't have to pay them until 9/20. They told me that I would get a settlement letter, but the chargeoff will remain along with the lates (WTF). Any advice?

    2) I have a chpt 13/96 in the claim amount it says $0 $0 - I read on here that it can be disputed but how?

    Any help would be appreciated.

    Chitchat
    ChitChat
    9/17/02 (started quest)
    EQ 522, TU FAKO 516, EX 506

    8/04 TU 612 EX 630 EQ 551

    1/05 TU 635 EX 675 EQ 645

    First time Homeowner 1/9/03
    In the process of purchasing new home construction 1/10/05 Ready 2/22/05

  2.  
  3. #2
    QUEEN_BEE is offline Registered User
    Join Date
    Oct 2001
    Posts
    2,482

    Re: Help!

    Here is a letter that was posted to this board (courtesy of voodochild):

    Ms x
    Sterling Jewelers Inc.
    375 GHENT RD
    AKRON, OH 44333

    June 25,2002

    RE: Disputed account, xxxxxxxxx and counteroffer for settlement

    dear Ms. x;

    I am encouraged to see Sterling Jewelers Inc is prepared to accept a 25% settlement. In a final attempt to conclude this matter amicably, I submit the following. It is not a renewed promise to pay nor does it constitute any agreement unless you accept, sign a copy and return it to me. Note, I have not agreed yet that this debt is mine and have the option to pursue a civil claim for your violations of the Fair Credit Reporting Act and the Fair Debt Collection Practice Act if mutually acceptable terms are not met. For your information, I received a letter from Equifax stating you verified both trade lines, Kay Jewelers and Marks & Morgan. They both remain on this report.

    As I have stated before, you hold all the rights to report the debt to the credit bureaus as you see fit and you can change that listing at any time as the source reporting the debt. Paying anything on this questionable debt means little to me if we cannot mutually agree that you will report the debt as mentioned below. I hope that you can see my point, that a “settled in full” doesn’t do me any service, reported in my consumer credit reports. This is a negative remark! Since you obviously don’t want to reward me with the positive remark of “paid as agreed- never late” from my first offer, my counteroffer on the following page involves a more neutral reporting on my credit report.


    Settlement of Questionable debt claimed owed by voodochild to Sterling Jewelers D/B/A Kay Jewelers & Marks & Morgan Jewelers

    I will pay Sterling Jewelers Inc. the amount of $xxxxxas payment in full for the full satisfaction of this account / debt. Upon receipt of the cashier’s check payable to Kay Jewelers for the above amount, your company has agreed to change the entry on my credit reports to “PAID” only. You further agree to remove all previous and current negative notations regarding this debt.

    If you agree with these terms please acknowledge with your signature and return it to me via FAX at the number provided on the coversheet of this remittance so that I can make arrangements for this payment. You agree the terms herein are confidential and you have the authority to make such decisions. No payment will be made without written confirmation.

    Upon receipt of this original signed acknowledgement via US Mail, I will mail you the funds within 15 days. This is not a renewed promise to pay but rather a restricted offer only. If no terms can be met, no new arrangements will be made and the offer will be void.

    Sterling Jewelers Inc d/b/a Kay Jewelers & Marks & Morgan Jewelers

    X______________________________________. Date ______________
    Signature of company officer

    _____________________________________________________________
    Printed name and job title



    Sincerely,

    NOT SIGNED

  4. #3
    chitchat is offline Member
    Join Date
    Aug 2002
    Posts
    98

    Re: Help!

    Thanks Queen_Bee,

    for the letter, should I send it certified? What if I agreed to the terms over the phone, without an agreement from them is it to late to send the letter. I told them I would make the payment on Sept. 20th
    ChitChat
    9/17/02 (started quest)
    EQ 522, TU FAKO 516, EX 506

    8/04 TU 612 EX 630 EQ 551

    1/05 TU 635 EX 675 EQ 645

    First time Homeowner 1/9/03
    In the process of purchasing new home construction 1/10/05 Ready 2/22/05

  5. #4
    chitchat is offline Member
    Join Date
    Aug 2002
    Posts
    98

    Re: Help!

    Originally posted by QUEEN_BEE
    Here is a letter that was posted to this board (courtesy of voodochild):

    Ms x
    Sterling Jewelers Inc.
    375 GHENT RD
    AKRON, OH 44333

    June 25,2002

    RE: Disputed account, xxxxxxxxx and counteroffer for settlement

    dear Ms. x;

    I am encouraged to see Sterling Jewelers Inc is prepared to accept a 25% settlement. In a final attempt to conclude this matter amicably, I submit the following. It is not a renewed promise to pay nor does it constitute any agreement unless you accept, sign a copy and return it to me. Note, I have not agreed yet that this debt is mine and have the option to pursue a civil claim for your violations of the Fair Credit Reporting Act and the Fair Debt Collection Practice Act if mutually acceptable terms are not met. For your information, I received a letter from Equifax stating you verified both trade lines, Kay Jewelers and Marks & Morgan. They both remain on this report.

    As I have stated before, you hold all the rights to report the debt to the credit bureaus as you see fit and you can change that listing at any time as the source reporting the debt. Paying anything on this questionable debt means little to me if we cannot mutually agree that you will report the debt as mentioned below. I hope that you can see my point, that a “settled in full” doesn’t do me any service, reported in my consumer credit reports. This is a negative remark! Since you obviously don’t want to reward me with the positive remark of “paid as agreed- never late” from my first offer, my counteroffer on the following page involves a more neutral reporting on my credit report.


    Settlement of Questionable debt claimed owed by voodochild to Sterling Jewelers D/B/A Kay Jewelers & Marks & Morgan Jewelers

    I will pay Sterling Jewelers Inc. the amount of $xxxxxas payment in full for the full satisfaction of this account / debt. Upon receipt of the cashier’s check payable to Kay Jewelers for the above amount, your company has agreed to change the entry on my credit reports to “PAID” only. You further agree to remove all previous and current negative notations regarding this debt.

    If you agree with these terms please acknowledge with your signature and return it to me via FAX at the number provided on the coversheet of this remittance so that I can make arrangements for this payment. You agree the terms herein are confidential and you have the authority to make such decisions. No payment will be made without written confirmation.

    Upon receipt of this original signed acknowledgement via US Mail, I will mail you the funds within 15 days. This is not a renewed promise to pay but rather a restricted offer only. If no terms can be met, no new arrangements will be made and the offer will be void.

    Sterling Jewelers Inc d/b/a Kay Jewelers & Marks & Morgan Jewelers

    X______________________________________. Date ______________
    Signature of company officer

    _____________________________________________________________
    Printed name and job title



    Sincerely,

    NOT SIGNED
    ChitChat
    9/17/02 (started quest)
    EQ 522, TU FAKO 516, EX 506

    8/04 TU 612 EX 630 EQ 551

    1/05 TU 635 EX 675 EQ 645

    First time Homeowner 1/9/03
    In the process of purchasing new home construction 1/10/05 Ready 2/22/05

  6. #5
    chitchat is offline Member
    Join Date
    Aug 2002
    Posts
    98

    Re: Help!

    How do you get a reponse around here, need help.

    I just typed up this letter, am I suppose to sign it and send certified mail? Need answers quick, please !!
    ChitChat
    9/17/02 (started quest)
    EQ 522, TU FAKO 516, EX 506

    8/04 TU 612 EX 630 EQ 551

    1/05 TU 635 EX 675 EQ 645

    First time Homeowner 1/9/03
    In the process of purchasing new home construction 1/10/05 Ready 2/22/05

  7. #6
    christi523 is offline Senior Member
    Join Date
    Jun 2002
    Posts
    593

    Re: Help!

    Just TYPE your name and send certified.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Sign up for the Creditnet email newsletter.

Creditnet - Find the right credit card for you Best Airline Cards Best Gas and Groceries Cards Balance Transfer CreditNet Best Credit Cards for Building Credit

Find a
Credit Card

Research, compare, & apply

Bad Credit

0% Interest

Cash Back

No Annual Fee

search

Perusahaan Outsourcing Bekasi

Outsourcing Tenaga Kerja