Thanks in advance for any advice. I have a charged off debt on my credit report. It seems to be for my old second mortgage, but it was charged off from Chase, and that still shows on my credit report, and then Citibank just miraculously also appeared for the same amount and charged it off. Not sure how they just decided to do that. About 4 months ago, I got a letter from a collection agency on this debt I had no knowledge of for Citibank, I sent a debt validation letter and 30 days later, they said they are no longer assigned to this account. GREAT! A few days later, another letter from another collection agency... for the same debt. Sent a debt validation letter, no response and it has been about 45 days. Today... got a call from ANOTHER collection agency. Will wait for their letter so I can send another validation letter. They have all checked my credit report, but nobody has reported anything on my report except for Citibank. Is citibank allowed to do this? They are just shopping my debt around (that they have no ownership of, as far as I can tell) and when I send the letter, they just send to somebody else. Any help would be appreciated!
Are you 100% positive this is for the exact same debt that was charged off by Chase? It seems very strange that Citibank would all of sudden charge this off as well since Chase already did. While there can be many CAs, there can only be one OC. What exactly are they both reporting on your credit reports?
I find it weird too. It is a different loan number, but exact same High Limit and date opened. Chase reports it as a "Payment after Chargeoff" or "Paid Profit and Loss", and Citi reports it as a "Charge Off". I have not made payments on this Chase acccount since 2008, but Citi just shows up on my report on 2010. It seems like Citi is just trying to be sneaky. They must not have any proof they own this loan, which is why 2 previous CAs did not verify, now a third just called. It seems like harassment that they are doing this. While I know I can dispute this Citi transaction with the CRAs, is it wise? Or better just to keep doing validation letters with the CAs? I have a little over 3 years left before SOL runs out in my state.
Yea, without knowing more details, it really just sounds like a mistake to me. I would dispute the Citi entry through the CRAs as incorrect. I don't see how they could possibly verify this one...very strange.
