In August, I sent a validation out to Cross Country Bank to see if they would bite, fully expecting them not to response. To my surprise, they did. They sent me a copy of all of my billing statements and photocopies of all of the check payments I've mailed to them. This is a valid charged-off account, so this is enough proof for me. My balance is $1055.00. Has anyone had any success with deletion with CCB? Should I offer the entire balance in exchange? Should I offer my credit limit (750.00)? Help and advice greatly needed.
Too bad they are known for posting payments late. Amazing how they can keep such good records, but from what others have said on this board have a reputation for untimely payment posting!
That's were my surprise came from!!!! I was sure that they would have lost my info by now. I guess loan sharks have to keep up good records to get people to cough up more money.
Since I wrote them asking for validation and they gave it, maybe they'll be willing to trade me a deletion for payment. They're so hungry for payment, I think they'll bite. I'll keep my fingers crossed. Eyes too!!!
Only experience I have with this is.. My sister owed Amer. General over 900.oo. I suggested she over below this because of the 1099 tax form. They took the offer from her and she was pleased.
Katco, What's that a collection agency or the original creditor? I hear they all have different "standards".
(LSA)...LOAN SHARKS OF AMERICA promised to always be LOWER in interest rates than CCB... THE LSA doesn't want to be on the "LOWER THAN POND SCUM" LIST THAT CCB IS ON!!!
have you tried a different angle? Compare the date your checks cleared your bank to the date your payments were posted. see if you can catch them that way. they're notorious for payment posting issues. If you can catch them on that, you have them and you can negotiate not suing them for a diminished settlement with full credit bureau deletions. past that, I can only think of a normal settlement for deletion agreement.
I caught FIRST USA with a DELAYED POSTING (they charged me a late fee)...two weeks after they received it...THEY SAID IT WAS A COMPUTER ERROR... They are so stupid...THEY GAVE ME ALL THE AMMUNITION I NEEDED ON THE BACK OF MY CHECK!!! At that time, I was paying my bills ONE DAY AFTER RECEIPT... I came to the conclusion that it really does not matter when you pay your bill...if they "HOLD" your payment... My AUNT and UNCLE gave me a bunch of money, so I paid bills really early, WAY before the due date.
Exactly what was your aunt and uncles phone number again George?? I seem to have misplaced it.........
IT IS ALL GONE...we won't have to pay ESTATE TAXES, that way...HE has died...SHE need a bit to live on...
