well, so much for reestablishing my credit. I took $500 out of my savings to open a credit union savings account. They looked at my report and saw a couple collection agencies and said they'd call me after a committee meeting... I mean come on! For a secured loan? So in a complete state of "I'm pissed", I called Charter Communications. The rep said she had no idea who I was and there should be no report of a collection for my account since I don't even have one listed... What's my next step? She said for me to call the CRA and have them take it off since there is no debt owed. What do I do to get rid of this collection?
Ask them to send a letter confirming that they don't have any record of that account. You could send the validation letter. You could just dispute with the CRA and if they don't verify (which they shouldn't) it would be deleted.
THAT'S ABSOLUTELY RIDICULOUS!!!! A Credit Union should NOT pull your CR for a secured loan. I recently opened THREE secured loans at THREE credit unions. THEY DIDN'T EVEN ASK ME IF I HAD A JOB! Their only concern was if was a member or not! Go to another credit union. Check out www.creditunionsonline.com. Type in your state and they list all the CU's in your area. good luck!
Arent credit unions only for certain companies? eg... Bellsouth has Georia Telco and I messed up with them, can I go to another credit union?
They said their reasoning now is since Sept 11 all credit unions pull credit reports even on secured loans... My whole idea was to do three savings accounts and three secured loans for 12 months... Now all I have is an extra inquiry into my report... Sucks for me...
I have no idea. I figured since I was a new applicant to the bank maybe. If I was already a member of the Telco my situation may have been different...
MY credit union also pulled a report for a secured loan for me. I had a chp 7 bk listed from Jul 01. I got the loan anyway but I did ask why pull the report if I get the loan anyway..she replied "I don't know". Good answer.
Georgia Telco SUCKS, I think this credit union is to damn picky go somewhere else. I got denied just to open a cd
Me Too! I was not asking for a loan just a place to park some cash. By PC Banker aka AmericanBank in PA I called and due to a collection notation denial for trying to open a savings account. Their loss I found a better bank.
