...on an old debt. I have 2 situations to take care of, both approximately 5 years old and each acct is now with a CA. One of the debts I truly didn't know was on my credit report(but it is mine - an old apartment situation with a roommate) and one I just avoided because it was a charge off. Now, I'm in the process of trying to buy a home and these items have reared their ugly heads. Even with these items, I currently have a 680-690 range and ever improving with all 3 bureaus. My question is, I want to take care of the items, but assuming I end up calling up the CA and don't take care of these items, can the CA re-report these items to the bureaus now that they know how to contact me, thus keeping these items on my credit report even longer? If I decide not to settle this debt instantly after contacting them, can it come back to haunt me(or will it still drop off in 2 years)? Or is the original lender/apartment complex the only ones who can update my credit file with more bad info? Thanks in advance for any advice you can give me. Marc
1*Can a CA report against you... faztcobra =================== 1*Oh Brother can they! THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
So for further clarification, you're saying that they could technically extend a debt that is 5 years old and about to age off to 12(5+7 more bad) years?
Re: Re: Can a CA report against you... 1*I end up calling up the CA and don't take care of these items, 2*can the CA re-report these items to the bureaus now that they know how 3*If I decide not to settle this debt instantly after contacting them, can it come back to haunt me(or will it still drop off in 2 years)? faztcobra 1*Don't get on the phone with a ca. 2*Both THE 0C And the CA a can report.It's a 2 for one deal. 3*Will still drop off in 2 years but you get 2 DINGS for the price of one. THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
Ok...here's more of the deal. This MBNA acct shows up on my credit report through all 3 bureaus as a paid acct, no lates, bad history, or anything(which is a big discrepancy - it was a $7k chargeoff). However, Fannie Mae finds another acct# under MBNA and it only has a $968 balance. I knew that was incorrect, but I hesitantly called up MBNA to find out what was going on. They said with charged off accounts, their standard procedure is to change the acct# on them when they write them off. So each acct# - the old $7k chargeoff and the newer acct# with $968 are actually one and the same. She also gave me some other odd total of $31xx. I asked which was it: $7200 or $3100. She said something about $3100 was what they sold off after their collections guys were unable to contact me. I'm hesitant to call up NCO Financial(the CA) and ask to payoff the $968 because I'm afraid the $7k+ writeoff will resurface. I'm just curious how the balance went from $7k+ to $3100 to $968. Do CAs eventually just hope to collect a small amount before it fades off? Also, keeping in mind that i need this taken care of to get into a new home, does anyone have any suggestions on how to proceed?
BUMP Can a CA report against you... faztcobra | 3 posts since Jul 2003 24.219.7.113 | 07.22.2003 @ 10:49 Ok...here's more of the deal. This MBNA acct shows up on my credit report through all 3 bureaus as a paid acct, no lates, bad history, or anything(which is a big discrepancy - it was a $7k chargeoff). However, Fannie Mae finds another acct# under MBNA and it only has a $968 balance. I knew that was incorrect, but I hesitantly called up MBNA to find out what was going on. They said with charged off accounts, their standard procedure is to change the acct# on them when they write them off. So each acct# - the old $7k chargeoff and the newer acct# with $968 are actually one and the same. She also gave me some other odd total of $31xx. I asked which was it: $7200 or $3100. She said something about $3100 was what they sold off after their collections guys were unable to contact me. I'm hesitant to call up NCO Financial(the CA) and ask to payoff the $968 because I'm afraid the $7k+ writeoff will resurface. I'm just curious how the balance went from $7k+ to $3100 to $968. Do CAs eventually just hope to collect a small amount before it fades off? Also, keeping in mind that i need this taken care of to get into a new home, does anyone have any suggestions on how to proceed? THE END ** *** ** LB 59 """""""""```~~~```'""""""""" It don't take a very big person to carry a grudge.
1*can the CA re-report these items to the bureaus now that they know how to contact me, 2*thus keeping these items on my credit report even longer? 3*If I decide not to settle this debt instantly after contacting them, can it come back to haunt me(or will it still drop off in 2 years)? 4*Or is the original lender/apartment complex the only ones who can update my credit file with more bad info? Marc =========== 1*They can report wither they know where you are or not. 2*They can't re age the account. 3*If you take the wrong approach to settle it can come back to haunt you in more ways than one. Yes unless re aged. 4*Them and the CA both can report.
