Few months ago I activated a "Credit Protection" plan on a personal loan - for up to two years they don't charge anything, you don't pay anything if you are unemployed. I see it listed as: Acct Type: Check Credit or Line Of Credit or Revolving account Acct Status: closed (open - TU) Monthly Payment: $### Balance: $##### Past Due: $0 Payment Status: Pays account as agreed Remarks: Credit line closed-grantor request-reported by subscriber (Canceled by credit grantor - TU) Good or bad? P.S. I'm actually concerned about the TU remark ...
Re: Re: Good or bad? This is what I thought, thanks for the confirmation. It's tricky, because actually *they* close the account when *I* activate the protection, but I'll try.
Few more questions ... Do I call them on the phone about that, or should I send them a free-text letter *begging* to change it? What if I call the OC and ask them to report it as "closed by consumer"? Would that be considered a "dispute" and should it be listed as such?
Yeppers, that's the magic word. hehehe Try the friendly approach VG. Begging is good, sometimes crying works too. And yeah, I'd try it on the phone first. Just be sure you're talkin to a decision maker; elicit her sympathy for us poor pathetic consumers with "less than perfect intelligence". duh Ask them to adjust to "closed by consumer", since you're goin mortgage shoppin soon. You can catch lottsa flies with sugar, sugar. ~ .
Right as always, Butch ... I've always thought that the first approach in almost everything should be soft. Even if they think how stupid you are. Looking stupid sometimes helps a lot. I've seen here many DV letters quoting the law, but I'm sure my first DV letter won't even mention that I've ever heard about any law ... BTW, somehow you missed my last question: "Would that be considered a "dispute" and should it be listed as such?" I know it should be if I send them a strong formal letter, but how about being friendly and begging over the phone?
