I've been absorbing all the information. And I think I'm ready to begin but I would really like some advice from some one with more experience than me. I just got my credit report from TU. It looks like I may be getting confused with my sister in law. Her married name and my maiden name are the same. Her address and phone number are showing on my credit report. How do I get this info removed? Also, my CR is showing a very old PO Box address that I used to use. Is this something I should have removed and how do I do it? As for derogs on my CR Everything is pretty old and will fall off by the end of the year. Here are the items I need help with: BONDED COLL OC Citibank Placed for collection Acct #TK15214A Balance: 6067 Past due: 2530 Updated 4/2003 Status: Collection Account Placed on 3/2003 (Not sure Citibank was OC. How do I find out what was DOLA?) PIN CRED SER OC Citibank Acct# TK15214 Placed for collection Balance: 5690 Past Due: 2530 Updated 8/2002 Collection Acct Placed 7/2002 (This appears to be same as previous acct. Can both of them try to collect and report against me?) Zale/CBUSA Acct closed by credit grantor Balance: 1762 Past Due: 250 Updated 4/2003 Status: Charged off as bad debt Opened: 12/1995 Closed: 12/2001 (I think this may be my sister-in-law, not mine) GENESYS OC Lakeview Terrace Apartments Placed for collection Balance: 1415 Past Due: 809 Updated: 10/2002 Collection Accoutn Placed: 10/1996 (Will this be falling off in 10/2003?) BANKAMERICA Student Loan Balance: 3295 Past due: 363 Updated: 10/1996 Opened: 1991 Status as of 10/1996 120 days past due (I do have a student loan that got past due but I do not remember Bank America ever owning this acct. Now owned by Nelnet and they are reporting never late. ) Here comes the fun stuff: ARCADIA FIN Profit and Loss Writeoff Balance: 11610 Past due: 11610 Verified date: 8/1997 Opened 3/1995 Closed 7/1997 Status: Charged off as bad debt CAVALRY INVS OC Arcadia Placed for collection Balance: 16294 Past due: 16294 Updated: 9/2002 Opened: 8/1999 Closed: 2/2002 Collection Account (This looks like the above account that has already been charged off. Can they do this?) CAVALRY INVS OC Arcadia (different acct number than previous) Placed for collection Balance: 16228 Past Due: 16228 Updated 9/2002 Opened: 8/1999 Closed: 02/2002 Status: Collection Account (This appears to be saem as above account-just different amount. Why would they report the same account twice on my CR with different acct numbers?) Any constructive suggestions you can give me on these accts will be greatly appreciated. I'm so glad there are knowledgable persons like yourself out there to answer questions for people like me.
Before you tackle anything 1. Call the CRAs and have them get rid of the old addresses. 2. What state are you in? You will need to know the statute of limitations on collection of these debts, before you start stirring the pot.
I live in Texas. The SOL is 4 years. I am really interested to know if a CA can attempt to collect a debt that has been charged off and report it on my CR. It seems to me that I am being punished twice for the same debt. Also, why are is Cavaly reporting the same account two times on my CR? Your help is greatly appreciated.
The CA and the OC lots of times will report the same debt. The CRA's claim it's legal. On the OC it should say the debt was sold or transferred. On your account that's gonna fall off in 03, sometimes if you call the CRA a month before they'll delete it. On the accounts where it shows the closed date normally that's also the DOLA.
The CA and the OC lots of times will report the same debt. The CRA's claim it's legal. On the OC it should say the debt was sold or transferred. bigmon =========== Wouldn't The oc entry have to be deleted when the CA fails to validate?