OK I need some quick advice... I had an Bank of America Visa account charge off ($5980.00) back in 1997 due to job loss. The account was bought by Commercial Financial Services in Tulsa, OK...I settled the account and paid it with them (CFS)with the understanding that it would be removed from my credit file...apparently this this collection agency went bankrupt in 1998. The problem is, the entry still appears on my credit file, and when I did some investigation i was referred to ANOTHER collection agency that bought CFS's accounts, and they still have it in their files that I still owe money!!!!! The problem is, that was three years ago, I paid by cashiers check and I cannot for the life of me find the receipt. I REFUSE to pay this again, and as a matter of fact, I want to buy a house soon and I assumed this was already off my file. What should I do? They haven't pursued me, but now that I contacted them to inquire about the account, and now they claim my account is still outstanding. Any Adice?? Nick
My response... Nick, I work at a bank and it is an absolute rule that we keep receipts of our cashiers checks for 72 months, no questions asked. That's 5 years! If I were you, go back to the bank where you got the cashiers check and have them make you a copy. Better yet, I bet you one of the desk people there is a notary. Have them help you type up a letter, they can notarize it and send it on its way to the new collection agency. I hope this helps!
