sent the letter that asks for every statement, how they arrived at the amount charged off, original signed agreement, etc. they sent online agreement and last three statements before charged off with a blip stating that if i want anymore statements i have to pay $3 per statement. (can they charge me?) any thoughts? they refuse to PFD, PIF or do anything other than settle. every time i call to pay (i know, i know no phones) but they won't agree to anything in writing! i want this done with, i have the funds, but whether i PIF or settle, I want something in writing. anyone else ever experience this?
Do their last 3 statements allow you to determine if the final balance is correct? Do they properly show your payments made? The original creditor does not have to provide validation. They do, however, have to report accurately.
See, that is the problem - i don't know if it is accurate! That is why i want the whole history, because they are notorious for coming after people for amounts higher than allowed due to improper billing. Its been awhile since i worked with it speciifically, but i believe under FACTA OC's are required to validate if a consumer disputes the accuracy of an account.
Jenz - can't help you on this one but I just wanted to say "hi". Haven't had a chance to get on and participate in the past month or so. Hope all is well (besides CrapOne)!
hi! it is so good to see everyone! this last month has been horribly busy, but i will give everyone some updates on my i lost my job thread later today. all is great - butyou have to wait for the thread update for details
Greetings How did the cards fall on this scenario? I had a large balance CO with C1 and now the large balance (thanks to Arrow) is now double large balance. Even though the card is CO can they continue to pile $300-$500 month balance increases? This is taking my score down an additional 7 points per month due to the balance increases.
They can charge for the statements as a matter of policy. It's hard to negotiate anything once the OC has charged off the debt. Basically, the debt moves off of the profit and loss sheet (so collecting is not viewed s critical). What to do depends on how urgently you need the FICO score to improve; if you need speed, try reviewing the FICO notation details and looking for errors - wrong balances, dates, etc. If you find errors, dispute with the OC specifically on the inaccurate information. You can then dispute with the CRA and hopefully they delete. If you have more time, they usually sell the debt to a CA and you may be able to get the CA to get the OC to remove it. Even this is tough. Charge offs are tough. The "charge off paid settlement" notation can slightly improve the score depending on other factors in your credit records.
Arrow already has the account, they are the ones jacking up the balance. Can I dispute the CA fees ($6k over the last 2 years) with C1?
