Before my 'awakening', I finished paying a chargeoff back in 8/02 with an attorney(CA) for the full amount plus attorney's fees (this was in the OC promissary note). I have a letter from the CA stating the debt has been satisfied, but the CRAs still report a balance of $1,094, which affects my debt-to-balance limit ratios in addition to the chargeoff. The OC, not the CA, are reporting the chargeoff and bal on EXP and TU. The balance should be zero. What is my legal recourse in this situation since the debt was paid in full over 1 year ago? I do not want to give them a chance to correct it, but delete the entire tradeline....
dispute with the cra first saying that you dont know what account that is. then maybe they will not be able to verify it. if they due then they should at least update the balance.
That is what I want, to lose the account altogether. I can dispute the balance, but if the account is closed and fully paid, what about this: 1. I have notice from atty advising it's paid in full. 2. OC reports incorrectly 3. CRA is notified 4. CRA notifies OC 5. OC reviews an account they know is closed but is reported incorrectly. 6. OC makes correction 7. Is OC still in violation for reviewing a known closed acct paid in full?
