Hello, first I want to introduce my self to everyone and say thanks for all the helpful posts. I have read past posts for a while and need some advice on how to proceed. I pulled my reports from privacyguard and found a few negatives that I need to work on. Your responses are greatly appreciated. current score is 602 1) a.Equifax Discover Financial Services status: closed remarks: acct closed by grantor pymt status: 120 late b.Experian Discover Financial Services status: closed remarks: purchased by another lender pymt status: charge-off c.TransUnion Discover Financial Services status: closed remarks: purchased by another lender pymt status: charge-off 2) a.Trans Union First Select (CollectionAcct) status: closed remarks: settled; less than full balance pymt status: Unrated or Bankruptcy >>> (WTF?) 3) I have 2 more charge offs but, you get the picture Advice on what letters to write to what accts and any other wisdom is appreciated. Also, privacyguard doesn't give the complete acct # for these accts. Is this true? Thanks, sorry so long.
Its a charge off meaning its a collection account. You need to send a validation letter even though it is an original creditor. How effective that might be could easily depend on which state you live in and the laws in your state. You didn't tell us about that. You paid them off on a settlement. The two comments don't mean all that much. Since you paid them you are very likely going to have a tough time getting them off unless you just happen to get lucky. You can try Doc's nutcase series or my paid chargeoff estoppel letter. Sometimes it works and sometimes it don't. Credit reports never give the full and complete account numbers.
Thanks Bill, I live in MN. Do I send to same types of letters to the collection accts as I do the OC?
Re: Re: Need advice on my plan Yes, no matter what you have to start somewhere somehow and demand for validation is that start.
