Received my dispute results from Experian...nothing has changed. 3 paid charge-off accounts verified. I am now planning to use my NYC address to see if the 5 yr rule applies verses 7 yr. Before I take such drastic measures, is it true that all Paid (or unpaid) charge-offs is considered Obsolete and must be deleted after 5 yrs. Or does the 7 yr rule still apply??? Sorry for being repetitive.
Re: I can't take it anymore... Mother2, I'm pretty sure that it is only paid charge-offs/collections and judgements that qualify for the 5-year rule. Everything else is subject to the 7-years + 180 days thing. Hope this helps. Erica
Re: I can't take it anymore... mother2, If you have the money, I think it would be worth it to hire Junum for those accounts. The New York thing may work, but if it doesn't and you keep trying, they may flag your account as "credit repair" when you dispute. Let Junum do it. My two cents, Marci
Re: I can't take it anymore... I have 2 Paid charge offs on 1998 and I live in NY. How come on my experian showing that this paid charge off will come off 2005??
Re: I can't take it anymore... Mother, I haven't read any of your previous posts regarding this, but have experienced the same problem with Experian. When I called them to determine how they conducted the dispute, which they had not bothered to inform me of despite my request they do so, I was told the particular dispute was confirmed by computer. I don't know what system they have that can do this, however, I suspect they match up your address, ssn, and other info at the time the debt was reported to what is in their database and never contact the creditor. They would not tell me the exact way a computer verification is conducted as they insisted it was proprietary information. I instead sent letters to each creditor or collection agency that listed a charge off requesting the debt be validted. Out of 4, 3 responded they had no record. I mailed copies of these letters to experian, asking them to explain how they validated a debt the creditor themselves could not validate or verify, I insisted that they either verify/validate and provide the method or that litigation would be my next step. I received an updated credit report with all 4 items removed within 10 days. The quickest reponse I have ever had with them.
Thanks all of you! I was really having a bad day yesterday and that report put me over the top..... Then I saw the commercial for PMDD LOL. Anyway, thanks all of you. I'm not giving up just yet. I WILL HAVE GOOD CREDIT by year end!! D
