late pay validated now what?

Have you tried contating the OC and see if they will delete the late pay? It worked for me on 3 accounts. I called explained my situation and they took care of the rest. Didn't even need to write a goodwill letter.

Good luck.

 

I was referring to a late payment listing with the OC. If the account was sold to a CA, that's a different story. I suppose you could contact them and ask them as a gesture of goodwill would they delete the late mark. However, I don't think the term goodwill is in the CA's vocabulary.

 

In case I misunderstood your question. I presume that the account had been turned over to a CA. However, if this is not the case and it was simply sold to another creditor it still my work.

Case in point, my Syms account had 2 - 30 day late marks. The OC was GE but was later sold to Monogram Bank. I contacted Monogram and they were kind enough to delete, the whole tradeline as a matter of fact.

So yes, in that case it's possible.

 

Hi Allen,

You've done well in a short time, good job.

In your case, since the debt was sold, the new owner is considered as the OC.

I'd just call them and see if you can get their co-operation. It's not an adversarial relationship.

Let us know.

 

Fave Butch growling dude,

What are you basing that statement on, please?

Sassy

 

Allen,

Even better in that case, have you sent them a validation letter requesting a statement of accounting to substantiate their reporting? or you have only disputed with TU and it came back verified?

Sassy

 

oh dear, Allen

Nope, not just for BK's, probably works best with everything but a BK, lol.

There's a link in the FAQ tagged at the top of the messages to the sample letters on the site.

A validation letter disputes the accuracy of a tradeline, or some part of it, and requires that documentation supporting what the creditor alleges be provided to you.

Pretty much a prove it or remove it concept provided for in the FDCPA.

Sassy

 

Allen,

This site addresses the validation process specifically:

http://www.creditinfocenter.com/rebuild/debt_validation.shtml

Sassy

 

"nope never had an account turned over to a collection agency

just that they sold the acct... it was like a PLUS loan my mom took out for schooling"

Since he said it had not been turned over to collections I gathered that Allen has this current account and is still making pmts. on it. He just has a cpl. lates to remove. If that is the case the acct. was sold NOT in default, in which case the new owner would still be an original creditor. Allows for megers and buyouts.

Maybe I gathered incorrectly? You're right, I shoulda clarified.

But now: "actually it wasnt sold i think... just that a processing service is now handling the customer service for them..."

If it is in the hands of the OC an FDCPA val demand may not work. Allen we really need to know what's going on here. Are you still making pmt.s? If not how delinquent is it? Has it defaulted?

If it's a student loan it's probably an installment contract and FCBA won't work either.


If a clients account is "farmed out" to a customer service firm that indicates it's still active and has not defaulted.

Don't do anything yet Allen until you UNCONFUSE us.

LOL

 

Have you tried calling the CSR to see if they will remove it? Or maybe then a goodwill letter, if you're still making payments (heck, even if you're not, it worked for me on a closed account)
If it's only one late payment, it shouldn't be too hard to get taken care of. I had 31 90+ days late taken care of w/ a simple goodwill suckup letter (I still for the life of me don't know why they did that, but I'm not going to argue) and they left the positive tradeline, which gave me a 15 yr tradeline!
Just keep plugging away at it! Try to dispute w/ TU again in a month or so!