I have a situation on my CR that I don't understand. Chase has now acquired Wamu and my account from Wamu now says Chase. That's ok, but here's the problem. Wamu sent my account to a CA called Arrow Financial Services. Arrow Financial is reporting one amount while Chase is reporting another. Here are my questions. Q1. Should I pay this account and if so which one do I pay? Q2. How can the CA and the OC report for the same account. Q3. Why is Chase reporting the original amount but the CA reporting another?
Arrow bought the account. They are the only one's you can pay. Chase should reflect a zero balance. Arrow will have a balance and typically, an inaccurate date of status/last activity/account type. I would dispute it through the credit reporting agencies before simply paying it.
Chase shows the original balance that was owed to Wamu. Arrow has the original balance with interest. How can they add interest? Also I just finished a dispute with Experian and Arrow was verified. What's my next step if there reporting the same thing differently.
Can someone please take a look at this. My 7yrs should be up CHASE Address: 800 BROOKSEDGE BLVD COLUMBUS, OH 43081 (800) 955-9900 Account Number: xxxxxxxxxxxx.... Address Identification Number: Status: Transferred,closed. $3,114 written off. Status Details: This item was verified and updated on Jul 2009. Date Opened: 03/2000 Reported Since: 07/2002 Date of Status: 11/2007 Last Reported: 11/2007 Type: Revolving Terms: NA Monthly Payment: $0 Responsibility: Individual Credit Limit/Original Amount: $2,300 High Balance: $3,114 Recent Balance: NA Recent Payment: NA Your Statement: Completed investigation of FCRA dispute - consumer disagrees. Creditor's Statement: Purchased by another lender. Account History: Charge Off as of Oct 2007, Sep 2007 150 days past due as of Aug 2007 120 days past due as of Jul 2007 90 days past due as of Jun 2007 60 days past due as of May 2007 30 days past due as of Apr 2007 Balance History: 09/2007 $3,114 08/2007 $3,028 08/2007 $2,953
