I have a Chevron Account Chevron USA Opened - 11/1997 Last Activity - 8/1998 Type - Revolving 120+ Days Past Due High -$204 Past Due - $240 Set them Validation Letter - Came back With Orignal Credit Application and well as Some checks I sent them for payment and Bills from the past. I have called tham and they only take full payment and will only report accurate payment information, thay are saying. Any other sugestions? I am ready to pay this, but I am trying to build my credit up to buy a house soon.
If you don't pay it and they sue, you will lose. You might be better off paying it and waiting a while to send a goodwill letter.
How long is the SOL in your state? The dola is almost 5 years now. If you are past the sol date, then you could offer a % to settle and delete, as the time for suing has passed. I doubt they would sue you anyway for $204.
Yes, that's true, the SOL might have passed. Well it can't hurt to ask but there is slim chance they will take you up on your offer.
SOL in Texas is 4 years I think. I don't mind paying it, I just really would like to get it off my report or have the negative turn to a positive, but it looks like they don't want to do anything about it after talking to them. They only report accurate information.
I'm in the exact same boat. So, you asked to settle and they wouldn't delete or any other favors? I'm about ready to pay them too but I wonder if its worth it, if its going to reage the debt. Mines an R5 so it might go to R1, its a gamble. If I wait 6 month it'll drop off via SOL.
Well, I paid the $180 after 6.5 yrs. They said they would not re-age it and it did, dropped my score from 648 to 588. I paid it and not knowing if they were going to up date my report, I started a dispute stating, "I do not owe, please delete." A week later or so the report reflected a zero balance and no re-aging. A week or two after that it the report reflected a recent last activity, probably from my dispute investigation. Hopefully, my ordeal will turnout ok soon and I can encourage folks to pay off their loans. But, at the present it screwed me from getting a home loan.
I would start sending good will letters and wouldn't stop until they either removed it or changed the DOLA back to the previous one.
I find it hard to believe that a 5 year old account for $204 would keep you from getting a house. I know tons of people that got good rates with a lot worse. If you need to pay it I would only do it as part of the escrow that way it only gets paid if you get your house.
I wanted to go into the loan process with these little matters taken care of. I was told my average score was doable for an FHA loan but would be more difficult (possibly doable) with a conventional loan. Houses in my area tend to be in the 250-300k value, beyond FHA cap. So I was making every effort to get the report in the best shape possible before shooting for the conventional loan. If it was "difficult" before I assumed a 60 point hit would make it impossible. Of course, I'm hesitant to apply if its only going to lead to a hard hit on my report with no success in getting the loan.
