i have a while to go (figure five long years) and i have these scores with a public record and a repo showing. however, i want to try to get some good tradelines going.... like jc penney or target, citi and cannot do it with the repo.. (the judgement is paid, cra keeps verifying as unpaid)
Oh Yea another issue.....It was once suggested to me to validate the repo just to see if the creditor had any proof that could stand up in court. I've been to chicken to do this. Sometimes I wished I had Christi's guts and courage! (Maybe I need to change my name frrom Killer to something else!).
Uniondiva, Do think you can talk your way into getting a credit card with your credit union? I am thinking about trying this. I've been a good checking customer.
well, i figure that i may try to do it sometime this spring. the worse is that they will try for a judgment, however i doubt it. they will probably offer a settlement ( and i would be almost willing do do 50% for deletion). I just want to wait until i have some cash in case it happens.
You've read my mind. I would be willing to pay 50% for deletion also. I think I can manage to get all derogs off except repo. I then would explain myself to the credit union saying "I want to square this up and pay my debts like a good citizen...please loan me the 50% to settle this account". When they see I have no other derogs and I offer a sad story of how the repo occured, I think I can get the loan. The repo will be gone and the loan will be a good installment tradeline.
Ok club members the following thread really gets me going! It makes me wanna to try an validate! Check it out! http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&pgnum=1&postid=133753#post133753
I have (Gulp!) Two Repos. I disputed both with the CRA's and they both came PAID!!! I've decided to leave them alone now. I'd love to get them removed but I don't want to push my luck
Hi all, I am glad the repo club is going forward. Yesterdays chat session has grown. Let me come clean. I have TWO REPOS. My reports are great "all other tradelines reporting as 1s, except for the collection on the two repos and the insurance on both. That makes 4 tradelines as collections. Lucky for me they only show up in TU. The edge here is that State law dictates that incorrect, inexact, inaccurate and unverifiable info must be deleted! They "the creditor" never reported the amounts after the cars were sold at auction, so HERE I GO!! Wish me luck! Ed
From what I have been reading a lot of mistakes are made reporting repos. That's where we catch a break. Good luck. Let us know how it comes out. Bobbi
first letter off to CRA After reading the sample letters posted here, I changed one to reflect the state law. Any comments from you all will be greatly appreciated. January 18th, 2002 Trans Union de Puerto Rico P.O. Box 13968 Santurce Station San Juan, PR 00907-3396 Dear Sir/Madame: This letter is a formal complaint that you are reporting inaccurate and incomplete credit information. I am distressed that you have included the below information in my credit profile and have failed to maintain reasonable procedures in your operations to assure maximum possible accuracy in the credit reports you publish. Credit reporting laws ensure that bureaus report only 100% accurate credit information. Every step must be taken to assure the information reported is completely accurate and correct. The following information therefore needs to be investigated. I respectfully request to be provided proof of this alleged item, specifically the contract, note or other instrument bearing my signature, current status and amounts allegedly owed and date of last on-time payment. Failing that, the item must be deleted from the report as soon as possible: XXXXX Bank, account #XXXXXXX The listed item is completely inaccurate and incomplete, and is a very serious error in reporting. As per Article 7 (b) and Article 8 of Puerto Rico Law #364 of 2000, you must delete if it is deemed incomplete, incorrect, inexact or not verifiable. Please delete this misleading information, and supply a corrected credit profile to the address shown above. Additionally, please provide the name, address, and telephone number of each credit grantor or other subscriber. Under United States and Commonwealth of Puerto Rico statutes, you have thirty (30) calendar days, not workdays, to complete your investigation ( Article 7 (a) of Puerto Rico Law #364 of 2000). Be advised that the description of the entire procedure used to determine the accuracy and completeness of the information including methods and point of contact is hereby requested as well, to be provided within 15 days of the completion of your investigation. Sincerely, erosado ssan
Killer: I have looked all over the place and I can't find anything that would be beneficial. Mostly, you just have to look under your state laws and see what you can find. I'm sorry I couldn't be of more help than that. Bobbi
Hi all. I too am a member of this exclusive club. Mine was in 99 with big bad GMAC. This happens to be a redeemed repo. So I owe exactly nothing on this debt. Amazingly I had it removed from TU. It was a total surprise and it was done by Lexington. Personally, I think it was just a freak thing, because Lex has done very little otherwise. But with every letter I send they just verify and re-verify and re-re-verify. This thing is KILLING me! I guess I just have to keep trying. Any suggestions? Mediccc24
Re: first letter off to CRA Erosado: It's a good letter. Can I make just 1 suggestion: If you have backup that the account is in error, send it to the CRA stating that obviously they cannot verify this account and report it accurately therefore it has to be deleted and cite the FCRA sections. Tell them you are not asking for re-investigation as they have already done that and failed. I give them 7 days to complete and send me an updated report. I have done that with other accounts and it works. I am doing it right now with my repo, the balance they are reporting is wrong and I have the backup to prove it. Good luck, whichever way you choose to go. Bobbi
There is a thread discussing if the CRA's were legally required to have identical information for each consumer. In that thread someone quoted the portion of the law where conflicting information could be illegal. If this is the case, someone suggested faxing your clean report to the CRA that still listed negs. I can't remember the title of the thread but it was very recent.
Bobbi, I will take up your suggestion. I will mail this letter tomorrow CRRR and see what happens. I am a bit apprehensive since I know that the accounts are in the hands of a CA, but no collection effort has been done on their behalf. The SOL here is 15 years so I might as well face the music if I wake the sleeping CA.
Mediccc24: Have you considered send the TU report to the other 2 CRA's citing (I think) Section 611 of the FCRA regarding the CRA's sharing information. Basically, you would say TU deleted why are you still reporting this inaccurate information. Bobbi
I've heard in the past that sending the report of one agency to a second agency could be a bad idea. I can't quite remember the reasoning, but I think it was along the lines of , if CRA A sees something on CRA B's report that isn't on A's it has a chance of appearing on A's report. This is a distant memory, however, and I'll gladly listen to more input. Clear as mud right? Mediccc24
I know, your damned if you do and damned if you don't. There was a post on sharing info a couple of days ago, but we didn't get into that part of it. Usually, you black things out you don't want them to see, but in this case you want them to see it all. Talk about a rock and a hard place. Bobbi
well mine never went to collection the only thing i ever received from them was a letter stating we have your car and you have 30 days to pay us or it will be sold.. i never heard a peep out of them i am at 596 with my exp with it and and my tu is down the drain i lost 73 points after i had 4 collections deleted so i really dont know how bad it is hurting me
