Gulf state bought an acct. from BOA. I paid BOA by balance transfer AFTER they sold it. BOA is marking it as: Charged off 11/99 $454 written off. $220 past due as of 11/99. Under recent balance they have $454 as of 11/99. (I don't understand how those #'s add up) Shouldn't this say paid charged off. Gulf State reporting status of $1455 written off. $608 past due. I really don't understand their math! I have been focused on Gulf State as I was doing one thing at a time. They haven't validated it in nearly 40 days. (sent off the estoppel a few days ago). So what should my next step be... I was going to dispute Gulf States entry, but didn't know what my reason should be (using credit expert) Do you have to put a reason? If they verified it, I would have them on a violation. I was then going to re-dispute it saying that they can't validate it. Should I wait until I get Gulf State taken care of b/4 going after BOA. Do you reccommend disputing with CRA's as a paid acct; or trying to get BOA to correct it? What obligations does a OC have if they have charged off & sold an acct. Seems they got extra money by selling it then taking my money. Any suggestions.. Thanks!
Sorry, I'll clarify. BOA sold the acct. I didn't know about it. I later sent them a balance transfer check. So, if they sold it, they got at least a portion of the money. Then they took my money, meaning they got even more money. I was wondering if there is a way I can use this as leverage. Someone mentioned tax implications for a company if they charge off an acct. & then accept money. I couldn't get anyone to expand on this info. I was hoping for suggestions on the 1st half of the post as well. 1. What would be my reason for disuputing through credit expert for Gulf State? Do you have to put a reason on Credit Expert? 2. Should I go ahead and dispute BOA's tradeline as paid acct. or try to get BOA to take care of it? Thank you.
