I am new here on the forums and on my journey of credit recovery. On my credit report I have 9 negative reports. Five in which I believe I can handle on my own since they were medical bills and my insurance was suppose to cover it. In Collections: MidLand Funding LLC - OC Tmobile - 754 RENTDEBT AUTOMATED COLLE( OC 2 East 8th APTS) - 2,051 FAIR COLLECTIONS AND OUT( OC 2 East 8th APTS) -2,051 How can the same debt be on my credit report twice under two different CA? Is there anything I can do about that? Then there is some credit card debt.. Citi Bank - Collection / Charge-Off - 1,443. I really donâ??t even know where to beginning. Iâ??ve read so many things. The first thing I wanted to tackle was the citi bank charge off because one I am still getting statements from Citi and my balance is growing interest. I didnâ??t even think that was possible because when I called them they said my account was closed and now in the hands of a collection agency. When I contacted the CA (xMonarch Recovery Management) about a PFD they said they werenâ??t able to do that I would have to ask Citi. But they did try to cut me a settlement of 350 on my debt of 1443. Should I take it and then just try to get the paid charge off off my CR? Can anyone give me some advice to handle these negative accounts on my CR? Thank you
Do you know if the OC still owns the debt and the CA is just assigned to it, or do the accounts list as sold. An account can be listed 3x on your report. The OC, the JDB, and the CA. Do you know, in your case, if the OC still owns this debt, or if these CA's are merely assigned? Have you received any notice from them both? Is one claiming to be the owner? Yes, even when a CC account is closed, it can accrue interest on the remaining balance. It sounds like the debt is just assigned to a CA, but not sold. Is the CA reporting, or just Citi Bank? The CA cannot agree to a PFD for Citi Bank if they're the ones reporting. It sounds like this debt is very recent, what is the DOFD? $350 on a $1500 balance is a low settlement offer; however your account(s) listed on your reports will be noted as such and whether paid or not, it kills your score. It will be that much harder to try to negotiate a PFD when settling like that.
I believe that my tmobile account was sold to the CA because Tmobile sent me a bill saying I owe them nothing. I called the CA for my 2 East 8th APT debt they said that 2 east 8th still owns the account. Citi Bank is the one reporting it on my CR. Yes the account is fairly new it was opened in 2011. Also the DAFD is 04/21/2012.
T-mobile: Yes, it would be sold if the OC says you have a zero balance. You won't be able to work with them or request the account be pulled back from the CA. East apts: If the OC still owns the debt, there cannot be two separate CA's reporting the same debt with balances. With a DOFD just 18 months old, the SOL can be anywhere from 18 months (more) through 8 1/2 years depending on where you live Check your state's SOL here You may want to send an modified GWL to Citibank. Talking to a CSR won't get you anywhere. You'll want to get them to pull the account back from collections as the first step; you'll also want to try to negotiate a deal where you pay x% of your balance for deletion or better yet removing all late pays. However, this is a tall order considering the debt is so new.
