I have an account that default on april 2003. It was only $100 at beginning, but now it accumulate to $600 now. This account contains some billing errors such as wrong billing address. Before I disputed it as identity theft but failed. Now it is charged off and sold to a CA. I am wondering whether I should continue to dispute it as FCBA violations (failed to deliver statement to current address+unauthorized purchases), or just let it fall off. April 09 it should fall off, and Oct 10 it should disappear from my CRs. Any suggestions?
I thought it is, because I still have my card with me, and my address was changed without my knowledge. Recently, I realized that that credit card came with a secondary card, which I haven't seen ever since 2003, so it must be lost/stolen. So the purchases should be made by that missing card. The address change, most likely happened when Citi bought Sears credit. Given above conditions, I think it may not be identity theft. That is why I want to dispute it again as serious billing errors.
Whether to dispute is up to you. Just realize that once you dispute, during the period of resolution of the dispute, the account will not be included in your credit scoring, so its history will not be used in your length of avg credit history calculation. YOu need to connsider the implications of that if you plan to apply for new credit in the near future.
If you can negotiate with the collection agency to accept payment in exchange of deletion from the credit report. Otherwise you can let it age off if they won't accept payment. As old as it is it should be outside of the SOL. Keep trying to dispute this off of the credit report.
Be sure to dispute it instead of letting it just fall off. I have heard if you let it off off it can still be viewed on a full factual report which sometimes mortage brokers use.
That is true if it ages off it can be obtained on a full or long report. If you make a purchase over 150,000 If you buy insurance exceeding 150,000 If you get employed making 75,000 Best if you can dispute it off of the credit report.
