I have question regarding 4 different acct #'s from Bank of Amer. should I address each of them seperately in ind. letters or at once? One does not belong to my dh. Two are auto loans that I need proof that they weren't paid. These are the 2 I am most concerned with. The other is an acct. that I sent money to not knowing it was sold. I want to know the balance that was sold & how was my payment credited. So how should I address each of these questions. All together? All at once in seperate letters? Or one at a time in order of importance? Any advice on how to word any of this? TIA- I'm desperate.
I assume you're talking about sending a letter to the bank, not the CRAs. Give some more details. Are these collection accounts? or Charge offs with the original creditor? Do you know for a fact / have proof that the 2 auto loans were paid? Or do you want them to prove that they weren't, ie. a validation? My first inclination is to send a single validation letter for all the accounts. Any one have other thoughts on this?
Sorry about that, I know that post was very confusing. I should have addressed each indivdually. As far as the auto loan goes, it is only one loan, it is listed twice on his equifax report w/2 different acct. #'s. & once on the experian with yet another acct. #. This was a 24 month loan for 3500 opened 2/97. The acct. # I can verify as his, has a status of pays as agrees with nothing in the balance section. It was last reported 5/98 with the last activity 5/98. (this is about the time he moved & began making payments at a local branch). On this same report there is another acct. # for an auto loan, same loan amount, same open date but last activity 1/99 it was last reported 6/99 as a charge off. Which should have been nearing his pay off date. The other report has yet a different acct. # with the same charge off info. Stating that 3500 was written off. Now if that wasn't confusing enough, here are my questions. What can explain 3 different acct. #'s? I figure maybe they changed once when he moved but that only accounts for having 2 acct. #'s. What does it mean when the last report states 3500 written off, at most, dh missed the last payment. What course of action should I take? Dh is financially clueless. When they told him his acct. was paid in full at the branch, he never questioned & never even noticed not getting a title. He put it out of his mind. The only thing I can think of is that either they didn't post his last payment, & I have no proof that he paid it so will have to pay it myself. Or he misunderstood that his payment was "almost paid" & stopped making payments. UGH!! If anyone has any advice, I'd be so grateful.
tex, You are right about it being confusing. Hopefully some others will chime in here. But I think to try and get things straightened out send a single validation for all the accounts. Even if you were to separate into multiple letters, they would probably end up with the same person. After the validation is out, dispute the appropriate accounts at each CRA. Hopefully one or more or all will go away with the dispute. Also the bank will hopefully provide you with enough information to hang themselves.
maybe being a little more specific might help ) Was this a car loan for an original amount of $3500? When was the loan originally defaulted on? You never received the title? Do you still own the car? I think you need to contact the bank and figure out if the loan is paid in full or whats going on. A dispute to the credit bureaus might resolve the duplicate listings,hopefully, just dispute them as duplicate account please delete (assuming they are all being reported from the same bank)
Thanks for your replies. I know this is very confusing. Yes, the orginal loan was for 3500. Dh made every payment & was told by the branch bank that the loan was paid in full in early 99. It was reported a charge off 6/99. He said he doesn't think he ever got the title. We still have the vehicle. No one has ever tried to get it. I want to sell it, & need the title, this is how I discovered this mess. I am going to call his bank to find out how long they keep records on accts. & canceled checks. I want to try to get some proof that he paid it. Then I guess I will contact B of A about the acct. The prob. with the CRA is that only one has a duplicate, however, none of the acct #'s match (same bank). I pulled his experian report in hopes that it would shed some light, but it had yet another acct. #. Thanks for the advice.
This changes things a bit. The validation isn't going to help you get the title. I think you should probably call and deal and do what it takes to get the title first. Proof that it was paid off would be great, game over. In the mean time, you can still dispute all off the accounts with the CRAs. You might get lucky and they'll remove some or all.
