Hey all, Has this happened to anyone? Even with another bank? I sent Chase a goodwill letter asking them to remove my two accounts with them that became charged-off. After I sent the letter, a few weeks later I have a hard inquiry from chase on my CR. Then I got a letter back from chase saying that they reviewed my account and they cannot delete accurate information from my CR.... blah blah blah They did not have my permission to to that!! What should i do??
Why do you think they don't have permission to do that? You asked them to change reporting, which implied that they would have to pull your credit. Original creditors rarely remove tradelines. If you have been a good customer and only have a little oops, like a late pay, they may remove that. But not an entire account, especially one that has been charged off.
So where can I go from here? If I want those accounts removed from my CR, then I just have to wait until the SOL, or just dispute it for a different reason every month? Is that something you would suggest? Also - random question, the one chase account was sold to a collection agency and that account is being reported as well. Both accounts are listed as being paid. The collection account is a different amount, but both state paid. Can I have two negative listings on my CR for the same account? THANKS!!!!
Is it a paid charge-off? Also, if you saturate the CR with multiple disputes on a single item, they will tell you to piss off.
As far as I know they will not just remove the account. If it is charged off it will be sent to a collection agency or law firm. A creditor as the right to run a CR in order to collect on a debt without your permission. You should look into settling the account.
The chase account is a paid charged off. The collection account is just a collection account. That is paid as well. So the account is already settled. I just want them both removed. Actually I disputed the chase accounts with EQ and they have been deleted!!!!! Now I don't know what I am going to do with the two other Credit agencies. It is worth a try though. Should I do it via USPS certified mail or online?
Yes...at least two! Worst-case scenario, you could have three negative entries... 1) the OC showing the account as being charged-off/sold 2) the CA who picks up the account 3) the judgment after the CA sues you for the debt I suppose, the CA could sell the judgment to another CA who could then also list the account as a collection only this-time they are collecting on the judgment. But, in this case, you might be able to dispute the tradeline from the 1st CA and have it removed, but I start to get fuzzy at that point.
removing charge-offs and mail vs. online Unless it can't be validated by the OC. FCRA is clear about reported debts needing to be verifiable. Of the requests I recently sent OC's to validate, two came back as undeliverable. That's some pretty good proof to the CRAs that it isn't verifiable information. I'd like to hear of other's opinions, but I'd be pretty sure that following any CA or CRA's online/computer methods for you to enquire would on the average do you more harm than good. (Is that bad to say?) Priority Mail provides tracking on flat rate envelopes for $4.90, and that plus writing a letter is worth it to have a decent whack at removing credit information that can't be validated properly, according the the laws that protect us. Mail yes, online or phone No
That's no proof at all to the CRAs. They aren't going to mail something to the address you used. They are going to verify through their electronic system. They do not have to accept anything from you. They validate with the creditor directly. And I stand by my statement that MOST original creditors have long memories. Chase does. It's best to use certified mail, return receipt requested. But it depends on what you're doing. If you dispute something like an address, online should be fine. If you want the signature of who received it when, I'd go with certified mail.
Hmmmm.... I've sent this "return to sender" stamped envelope and usps tracking to two CRAs so far; it clearly shows I mailed to their listed address of record for this creditor, and that it failed. Maybe I'm overly confident but I'd like to think the CRA's will remove it pretty darn quickly. How about we make a bet? The winner gets to say "I told you so" to the other, right here? ;-) We'll know for sure in how many days now? Not too long. All in fun. Its good to look for fun in the world of all the boring paperwork involved in credit histories, eh?
