Hello, I have been reading up on all this stuff for months, and I really appreciate all the info you all share, you have no idea how much I have learned, and how much it has changed out credit life! Here's my question, DH has a paid profit and loss for $790, with a major department store. It was opened when he was 15 years old with his mom as a co-signer, in 1990, I disputed this with both the CRA and OC and both validated. OC sent us a signed app from 1990. I did not dispute that it wasn't his, but that he had no contractual responsibility (under 18) and no ID (did not get ID till 1992). When he settled this account in 1995 he was told that if he paid a certain amount that this would not show on his credit. He was young and did not understand as much as we know now, and did not get anything in writing. It took OC over 1 year to validate, but they did. We decided to let it go as it is due to come off at the end of the year, and to always get everything in writing. Last week we closed on our new home, 2 days before closing, our broker called and said that DH's score droped 50+ points over night, and our insurance co. droped us for this new policy, After checking our report, The OC is now showing this as date of last report 3/02, date opened 03/90 date of last activity 3/02 date of last delinquency 3/02 current delinquency. Our home still closed, and insurance has reinstated us due to otherwise good credit. Also 09/01 when I threatened action against OC if they did not validate, they pulled a hard inquiry on DH. This was paid in 1995. I am very thankful if you made it this far ( I know it's long) I just want to handle this right from the start). I plan to send disputes to the CRA, OC, and the CEO of the OC. I think I have them on the re-aging, hard inquiry, and showing it as paid, but current delinquency. I am just stuck on the actual letter, with sited violations and damages. I know I just want this removed, or re-aged to reflect the correct dates, so it will fall off at the end of the year. Any suggestions would be very appreciated.
I would send them one very stern "intent to sue" letter. If this cost you points when you closed on your house, or if your insurance rate has gone up, you definitely have damages you can sue for, as well as your attorney's fees. Honestly, if you have documentation for everything you've said, and you have incurred damages, I would take it all to a good consumer lawyer right now - these bozos can at least make a few mortgage payments for you, and take it off his report!! If you don't have documentation, get it. Lay a paper trail and then go after them.
Thank you for your help! I am composing a mix of all the intent to file letters I have found here, and will fax it over to them. I would love for them to "pay monitarily" for their error as we have, but I would settle for deletion.Has anyone received deletion and money without actually sueing? Wishfull thinking? hdpr
