Here's the original story: We returned a leased vehicle back to the original dealer, on time, with never have been late on a single payment. That was Dec. 2001. They never mentioned a word about the $275 "disposition fee" at that time, and I assumed the last online payment I made to Chrysler may have taken care of that. Well, not a word from them until exactly a year later, Dec. 2002, we got a phone call from Chrysler regarding the balance remaining on the acct. I told the guy on the phone to send me something in the mail stating his claim. Now it's been turned over to CA and I'll agree to pay the thing off, but I want any kind of negative TL removed from CR because we're in the market for a new vehicle and we don't those "red flags" showing up on CR. How would I want the TL to read after I agree to pay off this debt? Have I got any recourse for the OC not properly notifying us, even though it did have a clause in the original contract about the disposition fee? I don't know where to look, but maybe in the Fair Credit laws there is info about how creditors are supposed to properly notify customers of their debt? This board is great and this whole "credit score" thingie has become a new "hobby",,, even though everyone should always keep up with their credit scores. Thanks for any advise! Bruce
If its the OC reporting it, you want paid never late -0-balance. If its the CA reporting it, you want it deleted.
The CA (SRA) wants me to "wire" him the $292 right away and he can't garauntee me that the TL's will be removed. I want some kind of written agreement that the lines will be changed. The Equifax reads: "Charged off account - Auto" Payment Status: "Bad debt & placed for collection & skip" Experian reads: Payment Status: "Charge-off" Transunion reads: "Profit and loss writeoff Payment Status: "Charged off as bad debt" Should I just go ahead & pay the CA and just hope the lines are changed or removed, or should I send in a written dispute request to the CA? The Notice Letter from CA, dated 2/20/2003, states I have 30 days to notify the office if I dispute the debt. I NOW do not dispute that I DO owe the $292, I just dispute that I was properly notified & given a considerable amount of time to research & verify that I did, in fact, owe the debt. Thanks! Bruce
1*Why pay him $292 to have your credit trashed when you all ready have that for nothing? 2*What hope? 3*Send the Validation letter found in the sample letters section now. Do not sign it! Mail it CRRR: 4* This is why I said send the validation letter now. 5*You don't dispute anything, just send the Validation letter to take care of it. 6*For hevens sakes don't state or say anything like this for if you do you will be shooting yourself in the foot.
At what point will info regarding the CA show up on my Cedit Report? or will it? There's evidence of the CA showing up as an "inquiry", but will it show up as an actual account?
Re: Re: CR listing lbrown59, Are you a CA? I found this post which appeared to me to be written by you: When we (Re CA) make the purchase or servicing transaction, we receive a power of attorney that gives us the inherit rights under the original cardholder agreement. We have the ability to "bind" the original creditor in certain situations This gives us the right to settle an account and REQUIRE that the original creditor, remove the original trade line and OURS. WestCap =========================== I don't really have a problem with the CA, he's just doing what he's hired to do - "collect". So,,, I'm beginning to feel that I shouldn't piss this CA guy off because he can do even more damage to my CR's. Maybe I (after reading what was quoted above) can beg him (CA) to request or require Chrysler to change the TL's?
Re: Re: Re: CR listing 1*lbrown59,Are you a CA? ============================================= 2*I found this post which appeared to me to be written by you: When we (Re CA) make the purchase or servicing transaction, we receive a power of attorney that gives us the inherit rights under the original cardholder agreement. We have the ability to "bind" the original creditor in certain situations This gives us the right to settle an account and REQUIRE that the original creditor, remove the original trade line and OURS. Written by --- WestCap ========================================= 3*I don't really have a problem with the CA, he's just doing what he's hired to do - "collect". 4*I'm beginning to feel that I shouldn't piss this CA guy off because he can do even more damage to my CR's. 5*Maybe I can beg the (CA) to the TL's? Ruuudy ================= 1*NO 2*This was a quote of Westcaps. 3*Do you have a problem with being overcharged for interest for loans & getting fleeced on insurance premiums. If so then you have a problem with the ca. 4*So you're OK with letting him break the law and are willing to forfeit your rights simply because it may leak him off. 5*Why beg if you can get the laws to work for you? 6*No matter what you do CAs aren't going to do anyone any favors. That's not their game. The END ************************* LB 59 ]
