There's something fishy with my Experian report, but I can't find any references to say whether this is right or not. From the report header (this is for a CC account, exact amount obscured, but is the exact same amount all the way through): ============================================== Status: Account charged off/Past due 180 days. $xx,xxx written off. $xx,xxx past due as of Sep 2008. Reported Since: 11/2001 Date of Status: 10/2004 Last Reported: 09/2008 Account History: Charge Off as of Oct 2004 to Sep 2008 180 days as of Sep 2004 150 days as of Aug 2004 120 days as of Jul 2004 90 days as of Jun 2004 60 days as of May 2004 30 days as of Apr 2004 Balance History: 08/2008 $xx,xxx 07/2008 $xx,xxx 06/2008 $xx,xxx 05/2008 $xx,xxx 04/2008 $xx,xxx 03/2008 $xx,xxx 02/2008 $xx,xxx 01/2008 $xx,xxx 12/2007 $xx,xxx 11/2007 $xx,xxx 10/2007 $xx,xxx 09/2007 $xx,xxx 08/2007 $xx,xxx 07/2007 $xx,xxx 06/2007 $xx,xxx 05/2007 $xx,xxx 04/2007 $xx,xxx 03/2007 $xx,xxx 02/2007 $xx,xxx 01/2007 $xx,xxx 12/2006 $xx,xxx 11/2006 $xx,xxx 10/2006 $xx,xxx 09/2006 $xx,xxx Between Sep 2006 and Aug 2008, your credit limit/high balance was $yy,yyy ============================================== The amount yy,yyy, at around 15k, is several thousand dollars less than the xx,xxx amount (over 18k) which means that the account is shown as over the limit. The Status says the amount was charged off as past due and written off - can they keep reporting it like this?? It makes it seem that the debt is still current, although the SOL in my state is 3 years. Reading through the soft hits, this CC company isn't checking my credit, just reporting every month like clockwork. Another CC company (also written off around the same date) isn't reporting every month, but there is a soft hit from them every month. And in case you're wondering, aren't layoffs wonderful ? >< My current income is less than half what it was in those days (as is my credit score!), but it's just high enough to put me over the limit for a chapter 7 If anyone has any suggestions, I'd love to hear them!
One dispute you can write to the CRA's is xx,xxx is more than yy,yyy which is impossible. Please correct or delete. Do this with any other errors on there, send them all at once. I'm sure you'll get more advice on how to further dispute this account from the more knowledgable members than me. You can also dispute straight to the OC in regards to the FCBA. There's a letter somewhere around here.
LOL! As an add-on to this, I just picked up my (snail) mail and found a letter from a collections agency for the same account! They're getting a DV response as fast as I can print one since the SOL is way past. That will probably trigger them dumping it into the hands of the IRS as a 'forgiven debt"
It can be reported for seven years, regardless of the SOL for collecting in your state. If you haven't paid it, it's still past due. And it's not impossible for the balance to be more than the credit limit or high credit--it happens all the time when fees are added.
I agree that if unpaid, it's past due, but my point is the disparity between the 'past due' and the status: Status: Account charged off/Past due 180 days. $xx,xxx written off. $xx,xxx past due as of Sep 2008. If it's "charged off" and "written off", is it still past due?
If they have not sold this debt (to whomever just dunned you), a charge off is past due and owing. If it has been sold it should report -0- balance sold or transferred.
Yes because it's still past due because it's past due.When they send it to a collector it will still be past,and should show 0 balance with the oc.
