All you credit experts - PLEASE HELP!! Providian has struck again! I had an account go late in March of 97. I stopped paying and it went to collections. Recently, Providian sold the account to a different collection agency - MIDLAND. This account is now showing on both Equifax and TU and is my only negative. The line on the Equifax report is listed as Charge-off and in the notes reads Collection account. Date opened reads 4/2003 and date reported reads 7/2003. Those dates may be correct, but do not reflect when the account went into negative status. Providian tradeline is gone from my report completely. What is the rule when it comes to this situation? Is there anything I can do? PLEASE HELP!! gilmores
anyone have any thoughts on this? Need some guidance. Is there another forum where answers may come? thanks again! gilmores
Sounds like a case of re-aging. Junk debt buyers do it all the time to coase maximum damage to your FICO score. Re-aging is a violation of FCRA, plain and simple. Go to the Federal Trade Commission web site www.ftc.gov and research "status date" in the Staff Opinion letters. Here's what else you do: 1: Send a dispute to the CRA's disputing the Status date. Of course, the CRA's will come back saying the status date is correct and verified. If a creditor put in your file a statement announcing the Earth is Flat and the ocean is inhabited by man-eating, fire-vreathing sea monsters, a CRA would state it is verified. 2: Dispute it a second time. The cRA will once again say it is verified. 3: Send an Intent to ue letter to the Collection Agency, demanding payment of $1000 damages to you for re-aging he debt. Wait 3 weeks. 4: Sue the CA
sounds like quite a plan.....Thanks for taking the time. Oh, and are you telling me the earth isn't flat?
