I had a First USA acct which went into BK7. They refuse to change "charge off" to "include CH 7" Bank One verified after 1st Validation sending me a letter stating that if I refuse to return one of their forms: Affidavit of Acceptance of Liability or Affidavit of fact-Fraudulent credit application they would continue to report my account as "in dispute". I'm wondering if this is a good thing? I spoke to a rep in the BK dept who told me that they do not have to list the TL as include CH 7, but as a charge off. "It's our policy" was their reply. I had all other BK7 accounts that did reflect TL charge off, turned into include BK 7! I think I'll just leave it as in dispute. This should negate the derogatory and help my score a tad bit, I would assume. Anyone here have any ideas? I was searching for some kind of precedence. I did read the Eleanor Chase VS First USA court case which is the same as mine. I guess that First USA won that one. I read it at Creditcourt.com. Mitch
Seems that this is a backdoor way to get you to re-affirm the amount through blackmail. I would not sign it.
