I've spent the last couple of years reading and studying this forum and I've had a little bit of success, but I'm not up to where I need to be. My hubby and I have moved from 530 scores to 600 scores (although he still has one at 557), but we want to move further. We have 2 accounts that have been our biggest pains in the you know what and the reasons that lead me to this forum. They are both MBNA accounts. According to PG their impact on our reports is "High". One account was showing as a "Charge-Off" and the other was showing as a gazillion days late. We paid off both accounts as a condition of our new 8.875% (whoopee) mortgage we obtained in August, 2004. I have disputed both accounts numerous times over the past 3 years; however, they are always verified. Both accounts were with the evil Wolpoff & Abramson for the longest time. Our payoff on the one not showing as a charge-off was to them. We had to pay off a new CA (one we hadn't heard of until pay off time) for the one showing as a Charge-Off. NO CA EVER REPORTED ON OUR CRA's. Our reports have always shown "MBNA" for both accounts. Neither account is currently showing "Paid." In fact, one is showing as settled for less, etc.???????? We spent a good deal of the proceeds from the sale of our old house ($11000+) on paying off these creeps IN FULL!!! I think the 1-2 punch using the nutcase letter as my 1st letter seems my best option. My question is, does this work with the OC? Do OCs have to validate? All the examples I've read are directed towards CAs. Our situation seems unique as we were dealing with CAs, but our credit report has always only shown the OC. So, who do I send the letter to? I would appreciate any direction. Thanks, debtchoked
