Hello. I discovered this forum last week and it is truly a blessing. I'm 31 years old, I live in New Jersey..I did some damage to my credit some years ago and am ready to attempt to fix it. I lost my job a few years back and just kind of let everything go and didn't want to face it. I pulled my reports yesterday and it looks like I owe around $5000 which I can afford now. The thing is I don't just want to pay all the balances and then have my credit remain bad. I've been doing some reading on this forum and see that there are letters I should be sending out. I'm just a little confused as to which letters are best for which accounts. Any help would be greatly appreciated. I pulled my reports yesterday March 31st, 2014 and I also opted out yesterday March 31st, 2014. I read that it is good to wait 7 days after opting out before I dispute anything? I also have a bunch of old addresses on there, guessing I should wait to dispute those as well. All of the below I'm aware of except for one. (T-mobile, Capital One and Riveredge Management are mine)... Shiel Medical Labs, I'm not sure what it is. New Jersey's SOL is 6 years. Apologies if I included too much information below. Thank you. Closed Accounts: CAPITAL ONE BANK USA Date opened: 09/05/2007 Date Reported: 03/02/2014 Date of Last Payment: 05/2010 Date of first delinquency: 07/2010 Date major delinquency first reported: 01/2011 Balance: $1,043 Past due: $1,043 Status: CHARGE-OFF Charge Off Amount: $930 Credit Limit - $500 CAPITAL ONE PO Box 30281 Salt Lake City , UT-841300281 Estimated month and year this will be removed - 06/2017 MIDLAND FUNDING LLC Date opened: 10/31/2011 Balance: $2,004 Date Reported: 03/27/2014 Date of first delinquency: 09/2010 Date Major Delinquency First Reported: 12/2011 Past Due: $2,004 Original Creditor: Tmobile MIDLAND CREDIT MGMT INC 8875 Aero Dr Ste 200 San Diego , CA-921232255 Scheduled to continue on record until June 2017 Collections National Recovery Agency Original Creditor: Riveredge Management (this was building managers in an apartment I lived in) Original Amount Owed: $1,875 Date Reported: 03/2014 Date Assigned: 12/2010 Date of 1 st Delinquency: 11/2010 Balance Date: 03/2014 Status Date: 03/2014 Balance Owned: $1,875 Last Payment Date : N/A Status Date: 03/2014 Status: D - Unpaid Scheduled to continue on record until PAUL MICHAEL MARKETING Agency Address: 18609 Union Tpke Flushing, NY 113661733 Date Reported: 08/2011 Date Assigned: 05/2011 Date of 1 st Delinquency: 02/2010 Balance Date: 08/2011 Status Date: 08/2011 Creditor Classification: Original Creditor Name: SHIEL MEDICAL LABS (I'm not sure what this is) Accounts Number: 590XXXX Account Owner: Individual Account. Original Amount Owned: $54 Balance Owned: $54 Last Payment Date : N/A Status: D - Unpaid Comments: Medical Public Records Type: Judgment Date Filed: 01/2012 Plaintiff: CAPITAL ONE BANK USA N A Amount: $989 This item is scheduled to continue on record until January 2019 Date Reported: N/A Satisfied Date: N/A Verified Date: N/A Type: Judgment Date Filed: 06/2007 Date Updated: 06/2008 Estimated Month and Year this item will be removed: 05/2014 (does this mean the judgement will fall off next month) Plaintiff: ASSET ACCEPTANCE LTD LIABILITY C Amount: $2,380 Date Reported: N/A Satisfied Date: N/A Verified Date: N/A Any insight would be so appreciated!
Welcome. One general disclaimer, most of us aren't attorneys, nor do we play one on TV... So advice is typically framed as what I would do if it was me... Even when we may forget to frame it that way... The first thing that I would do is check out the SOL for your area. That tells you how long the creditor could seek out a legal remedy for the debt. Different types of accounts have different SOLs... Once that step is done, you can start to come up with a plan of attack. So, it looks like the C1 & Midland accounts were reduced to a judgment. Have you been garnished or making payments on the judgments? Options are more limited on judgments because a court (even in the case of default judgment) is perceived to have determined that the debt is owed. So if you demand validation, all they have to prove is the judgment, not the account that the judgment is based on. The 54 account looks like it may be a lab testing account. It is properly flagged as medical, my quam is that it's under a MARKETING company, that's a unique alias for a CA. Is that enough for it to be a false representation or unconscientious means to try to collect, or reporting false credit information? Does the NRA account have a reported until date? If not, they may have omitted the date of first delinquency, and if so they are in trouble.
Judgment for T-Mobile should fall off next month. Whether the judgment disappears at the court is up to your state law.
