I sent a validation letter to Goldsmith the end of November. I got a reply from FACS Group 1/15. They sent me copies of old bills. (I know it is not proper validation). Here's the kicker. They changed my status from 180 days late to charge off as of 1/03. Now it looks like I just had an account charged off 1/03, when the account is 180 days late as of 8/99. I disputed the charge-off date with experian. I'm not for sure if they have did the same with the other two since I can't check them online. Do they not have to write the account off after 180 days? Whyyy?Whyyy?Whyyy?
Yes, after 180 days without a payment they have to write the account off as profit and loss (charge off). Either they re-aged the account purposely, or it was re-aged by the credit bureau because of the faulty way that they report information. This would be especially true if it is Equifax we are talking about. Give me some more information (what credit bureau, original dates, currently reporting dates, etc) and I or others on the board can point you in the right direction on how to deal with it.
It is Experian. 4/99 was the date of status. I was told this was the date it written off. The date is now 1/03. I talked with a rep and disputed the charge-off date. She said they don't have to write it off after 60 days. Before they updated it, it was going to come off 2/06. Now it is coming off 12/05, which is good. I also talked to Equifax and she told me that is remained the same. 180 days late. Not showing as written off. Any opinions.
I still need help with this. Experian verified the charege off date. It has been updated on Equifax to 1/03 charge off. Can anyone point me to the law reguarding this? I am getting to close to get my house for this to be happening. PPPLLLLEEAASSEEE HHEELLPPP.
FCRA explains how TL's should be aged relatively clearly. I'd read that section and contemplate legal action. I'd think they'd settle as I can't see how they could defend themselves.
Re: Re: Those d*** dirty dogs Whats a matter Short? How much is it for? I assume you sent Val. via CRRR? They've reaged the account, an automatic violation. DLA should be 2/99. When do you expect your mortgage to go through? Do we have some time?
Re: Re: Re: Those d*** dirty dogs This is how it now reads: As of 1/03 EQ- DOLA: 12/98, R5 status, closed by credit grantor charge, past due $64 Exp - Date of status: 4/99, 180-d as of 8/99, account closed at credit grantor's request, scheduled to come off 2/06. Disputed EQ 2/03,and Exp 1/03 not it reads: EQ - DOLA: 12/98, R9 status, charged off account, past due 366. Exp - Date of status: 1/03, chagre off as of 1/03, scheduled to come off 12/05. TRAN is sitll 120 past due as of 4/99. The balance is $366. I sent validation to the OC, Goldsmith at Thanksgiving. I received old statments from FACS Group 1/15/03. I did not know who the collection agency was at the time I sent validation. I plan to get preapproved the 12t of June for a mortgage. Do they have to charge off after 180days?
