in front of me. Can I post what's on there so someone can help me out? Citifinancial..lists a balance of 1094.00 with all 3 cras Date of last activity..november 1997, says it's a charged off account. This account is NOT his. I have no idea where it came from. Sherman Acquisition..This is a First Bank account that was sold to this CA. Says it's included in Chapter 13, no balance or anything else listed. CB&T..Aspire account. listed under wage earner plan as an authorized user. this was my account can he dispute it as not his? Associates..Listed as bad debt/collection TWICE Shows a balance of 1094.00. When we filed bk, this company did not file papers so they didn't get any money. MBNA..Listed as included in Bankruptcy with all 3 CRAs Chase..Experian lists it as a charged off account with a balance of 8894.00. Equifax lists it as included in bk 7, 11 or 12 (we filed 13), TU lists it as included in bk. Chrysler Financial..listed only with TU showing a past due amount of 2130.00. This was included in our bk. They can't list an amount past due can they??? MBGA/JC Penney, listed as a charged off account and managed by a credit counciling service. I paid this account in 1997. Ok..there are all the negatives listed. Where do I begin??? How do I dispute these? As not mine? Or what? Thanks for your help. daisy
I should add that his fico is 620. Is this good with all the bad that's on there? And is it possible to get it up to 700 or so? I don't mean to sound like such a dummy but this is all new to me. Thanks for any help anyone can give me. daisy
It's hard to answer on a line by line basis. Sounds like there's a BK - ch7 or 13? For both of you or just DH? Sounds like the first thing to take on is the 1094 balance you don't recognize as not yours. If you're hoping someone will walk you through every detail for your CR, you'll be disappointed. The protocol here is to read up on the top ("sticky") threads and branch out from there, reading up on everything that might apply to your situation.
I'm not looking for anyone to walk me through step by step. I apologize if I came across that way. I thought it would be easier to understand if I posted what was on the reports in the first place. I'm just nervous about disputing the wrong way and making it harder to get things removed in the long run. Oh and btw..we filed Chapter 13 in August of 1999, it was discharged in April of 2003. Thanks for your response. I appreciate you taking the time. daisy
Take it a step at a time. Dispute the Citifincial as not mine. The J.C. Penny account that was paid in 1997, wait until the alendar reads 04 and dispute as out of date/obsolete.
On any chargeoffs that were IIB, when did you first go into continious deault? BTW, a discharged Chapter 13 falls off 7 years from filing so there's light at the end of that tunnel. Just try it one or 2 at a time and keep reading and posting.
Hey, Daisy, here are my opinions for what they're worth. Perhaps someone else will chime in with better advice. Citifinancial: If it's not yours, it's not yours, so use the Fair Debt Collection Practices Act (FDCPA -- see the FAQ and Hall of Fame threads atop the board, especially Butch's "What is Validation?"). Basically you'll want to request a formal validation of the allegedly charged-off debt and then follow through with the Estoppel and Intent-to-Sue letters per the protocols described in the threads I mentioned. (Also, I recommend searching the board for keywords "validation" and "chargeoff".) Sherman Acquisition: Check your bankruptcy papers -- was this CA listed among the included accounts? If not, dispute with the CRA. Also, if the original debt was in fact included in your BK, then they can't legally begin collection activity again without breaking the law. For that reason, you may also consider sending Sherman an FDCPA validation request as well. They may not want to fool with validating a debt they can't legally collect. CB&T: This was your account on DH's report. He should dispute it as not his. Associates: Maybe they didn't file papers to get some of the BK settlement, but did the court which adjudicated your BK list this company among the forgiven debts? If yes, they're reporting it wrong on your report -- irrespective of whether they collected settlement money or not. If that does happen to be the case, then a CRA dispute is in order here as well because there is no balance due. MBNA: You mentioned it was included in BK on all three reports. Check every detail of the tradelines for accuracy, and if inaccurate in any way file a CRA dispute. People often manage to get included-in-BK tradelines deleted from their reports. Chase: Sounds like Ex and Eq are just reporting it wrong period. DISPUTE! So, for example, if CRA "A" says this account was included in BK-7, and you never filed a BK-7, then your dispute should say, "This is absolutely wrong. We NEVER filed Chapter 7 ever. Delete this." Don't bother to tell them how to correct it -- that's their job to do a complete investigation, etc. -- it's rarely helpful to teach CRAs how to do their job better. Chrysler Financial: Again, here's a tradeline reporting as if you have a past due balance. Obviously, since it was included in BK, you absolutely DON'T owe anything now. Dispute it as incorrect -- "I owe this company NOTHING. Please reinvestigate and delete." MBGA/JC Penney: Since you paid this account in full in 1997, this looks like a "fully paid account with a very bad tradeline" to me -- and that's the definition of a candidate for the Nutcase Series of letters. Read the FAQ atop this board for information and links regarding that intervention. I'm partial to Nutcase since I helped craft that one, but there are other interventions for such accounts as well, notably the "DanceRat" letter as well as Bill Bauer's "Knockout" letter -- search the board for those in case you would prefer a different approach. They're all good. As for your score, yes, a score in the 600s is good considering all the negatives you listed! I do think it's possible for you to get into the 700 club before too long if you follow through with some of this. Also, Daisy, sometimes it takes a day or two for discussion to congeal around a new thread. If you post something and nobody answers after a day or so, you can "bump" the message back to the top per the board FAQ. Good luck to you with all of this, and I hope you'll keep us all posted. Continue to read and interact, and I'll bet you'll see substantial gains sooner than later! Doc
Thank you!! Now I have some idea how to get started and I really appreciate the time you took answering my post. I'm going to start with the obvious mistakes, citifinancial, chrysler financial etc..and then move on to the rest. How many should I dispute at one time? All of them or just a few? I read somewhere that 4 is a good number. Is that right? Well..here I go! I'm off to type up my letters. Thanks again. daisy
I think the associates and citifinancial may be tied together some how as they are both for the same amount. $1094. I would look in to this, and have the one with the most recent DOLA deleted.
OMG. I didn't even notice that! Thanks for pointing that out to me! I knew there was something nagging me but I couldn't put my finger on it. daisy
Keep in mind that it's not your job to know that one company has bought another. If you don't recognize an account, that is certainly grounds for proceeding in a manner most helpful to your interests. Doc
