Can a Collection Account do this?

I don't know the answer to your question, but what did the credit union say? Will you have the Suburban to drive Mrs. Banger to the hospital?

 

Equifax is reporting "unknown" dates of tardiness?

 

"UNKNOWN" LATE DATES ARE 100% WRONG...(how can they hold that against you)???

A LATE DATE MUST BE 100% CORRECT (OR BE REMOVED)!!!

 

I have the same situation on one of my reports. I'm wondering if disputing it as Never Late would do any good.

Also, wouldn't this be a flat out FCRA violation by the CA and the CRA? If you can put this together nicely, you might just have a damages case against both of them, KB. Will your credit union give you something in writing that shows the "late pay" as reason for denial?

In that same vein, I have a chargeoff that shows charged off amount but monthly due, balance, past due amount, etc all show N/A. So to my "uneducated eye", it looks like I had a debt with no payment schedule that was just charged off for some reason. "Here's your money and, by the way, all of your payments are already late, so we're charging it off before you cash the check." How can you charge off an amount with no balance?

 

Hey Kbanger,

I am not sure that I understand your question. If you are asking how it can be late I will take a stab at it. If a collection agency buys a debt it is past due....I am not sure what you do not get?

 

I have no idea if I am right or wrong on this, but here goes. Most creditor agreements say that you are liable to the creditor or its assignees. So when an acct is transferred to a ca, they are just continuing with the fact that you were late, and, are currently still late. As I said, that may or may not be how they get away with it. Why don't you call the FTC and ask what their opinion is.