Got behind in my payments to Providian, bla, bla, bla... Account went to a collection agency called Nationwide credit, Inc. the amount I owed Providian was 1832.30, Nationwide Credit settled with me for $920.00... Paid Nationwide the $920.00, got my settlement letter, thought the whole mess was finished - NOT! a few weeks ago a collection agency called FMS started calling me on a over due Providian account. Long story short, told them it was paid off to another collection agency, she told me to check my credit report, because it is still being reported as "not" paid. I got a current report and "BAM!" Providian just deducted the money I paid to Nationwide from my outstanding balance, then they have been still charging me past due. Now this is the kicker - this has been going on since Oct 2002, that is when I paid the $920.00 on that account... but, since then Providian has been charging me $63.00 a month... Now the balance is $1,323.00 and FMS wants to settle for $800.00. I can't tell you guys what I told her, (but I'm sure you know!) My question is my account has been settled with Providian through Nationwide credit, but it is still showing on my credit report as not being paid. I really want this off my credit report, any advice as to what I should do now? Isn't it to show a $0 balance in the balance line of my reports? since it has been settled? It shows $1,323.00? Can I dispute inaccurate reporting with the CRA? HELP?
I wonder if you had a letter from Providian or CA #1 that the settlement meant the debt was paid in full, if you could use that as proof that the debt was paid? Proof for both CA #2 and the CRAs to make the appropriate changes. Not sure if that would work ... peace, delilah
Here's what I'd do: 1: Tell both the CA and OC to screw themselves and sue me. 2: Trot out the Settlement Letter and Cancelled Check in court and show them to the judge. 3: Be sure to countersue for Breach of Contract, Loss of Consirtium, General Aggravation and anything else I can think of.
Call the 1st CA, be very nice, get them to admit in writing that the debt was settled in full for $920. Even though its after-the-fact, it may help. Worth the try.
I guess my real question is how do I go about removing this Providian trade line off my credit report?
Re: Re: Really need help on this one!!!!!!! no. They are reporting that I still owe $1323.00. I have canceled check, settlement letter, and all paperwork from both collection agencies.
Re: Re: Really need help on this one!!!!!!! When we (Re CA) make the purchase or servicing transaction, we receive a power of attorney that gives us the inherit rights under the original cardholder agreement. We have the ability to "bind" the original creditor in certain situations. This gives us the right to settle an account and REQUIRE that the original creditor, such as Citibank, MBNA, Household etc. remove the original trade line and OURS. WestCap =========================== Some one was asiking a while back about getting the oc to delete in addition to The CA. Don't know who the poster was or on what thread they posted but here is your answer!! This gives us the right to settle an account and REQUIRE that the original creditor, such as Citibank, MBNA, Household etc. remove the original trade line and OURS. The END ************************* LB 59
Re: Re: Really need help on this one!!!!!!! Providian is just about a whole bunch of a**holes! I'm up late tonight working on getting research towards my wife's Providian account. She has an acct. from back in 2000 that once had a balance of around $1400. She somehow got behind in paying the acct. and was hassled into doing the check-by-phone payment plan. What is fishy is that there was a different company (Allied Interstate) that would be the ones calling every 3 months to do the check-by-phone. I have in our folder here at least 5 cancelled checks totally more than $700, yet Providian shows a current balance of about $2100 right now. What I'm searching for is a sample letter I can send them demanding they send me all the proof that adds up to that balance. I've already filed a Dispute with Equifax CRA. Thanks! Rudy
Re: Re: Really need help on this one!!!!!!! Tell me something if you will. First of all it really don't take any fancy letter to do that. I have yet to figure out why it is that folks seem to think it has to be some high powered lawyer sounding thing. But either way, you get some letter that looks like it was written by Dewey Cheatum & Howe Inc. or you just write something simple and let us say that you get what you ask for. What will you do then?
Re: Re: Really need help on this one!!!!!!! Letter I can send them demanding they send me all the proof that adds up to that balance. Ruuudy ' =================== They all ready have their empty gun aimed right between your eyes. Why to you want load it for them with this == proof that adds up to that balance.
Re: Re: Really need help on this one!!!!!!! Ok, so where do I go with this then? Simple story--------- They say my wife owes; I say she paid! Do I let them continue to pester us,,, or what? We pulled my wife's CR from Equifax, then filed an Online Dispute via their website, claiming that the "balance owed is incorrect". We filed that dispute earlier this week, yet she still got a phone call this morning from Providian, with the CSR stating he has nothing stating we're disputing the debt. Should I pull a CR from the other 2 CRA's, and then also file an online dispute with each? or is disputing with 1 CRA enough? I have a feeling that Equifax will contact Providian, asking them to validate; at that point Providian will simply give Equifax a computer printout showing my wife's acct info & her inaccurate balance total. I'm not trying agrue anything with any of you'all here; I've come to this website seeking knowledge & I'm gaining it here! I appreciate everyone's input here! Sincerely, Rudy
Re: Re: Re: Really need help on this one!!!!!!! Actually, Efx will not ask Providian to validate, they will simply ask them if it is correct or not, and Providian WILL say yes. The bureaus do not in any way ask a creditor to prove something, only if it is true or not.
Re: Re: Re: Really need help on this one!!!!!!! I really still just don't know what to do???? Someone please help....
Okay, I missed this part. I think that you should write Providian, include a copy of this letter, tell them to make the proper changes to how they are reporting (which they should have done long ago). Send the new CA a cease and desist, based on the account already being settled. If Providian does not comply, SUE THEM! If the ne CA does not comply, SUE THEM TOO!
All I can say is that before you go sending any Cease & Desist letters you had best have conclusive proof that you paid them and that the amount you paid is exactly the same as the amount they are claiming that you owe otherwise they just might do exactly what you are asking them to do with a C&D which is to sue you. If you don't have that proof or can't get it you will be very likely to wish you never heard of any silly Cease & Desist letter
Back in 2000 I got behind in my Providain account...long story short, Providain closed my account and sold it to a collection agency called Nationwide Credit, Inc. the amount I owed Providian was $1832.30 - In October 2002, Nationwide offered me a settlement for $920.00, I paid Nationwide the $920.00 and they sent me a settlement letter. Today I get my three credit reports and Providian is still reporting a balance $1095. I have copies of my settlement letter, and my cancelled checks. Can I dispute this with the credit bureaus? Is there a letter for this? My question is how can I get this removed from my credit reports? I feel that Providian is reporting inaccurate information.
