Re: Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! I have? I have been a member here since....well, if I have to explain it then it just isn't worth it. The letter arrived in June FYI. Up front with me? They were "up front" telling me they bought the account but made no mention that they would then destroy the credit which they claimed would be re-established. I didn't allow sh!t. They made no mention that another negative TL would then appear. In fact their pitch is that my credit will be better. In fact, it is not with this new TL. Providian already had this TL. Why would they need another one? If they "have" to have their own TL, it should mention that the account is from Providian. Instead, it has an acct. # that is not similiar to either accounts as well as no mention that it was a Providian account! All it says is Capital One CO. WTF do you think that looks like!!!! Because I SAID SO! I guess they can if they want. They just needed to make it obvious that it wasn't "another" account. The way they got it would make anyone looking at it believe that I have yet another F'ed up account. Yep, they sure did. I opened the gate.....uh-huh. Good point?
Re: Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! Providian had the account. Now it belongs to Capital One. Different companies, different accounts, different numbers. I'm sorry this happened to you but Capital One is not wrong here. Let's say you originally had this account with Capital One and you defaulted on it. C1 then says we'll reopen the old debt if you put it on your card. You say, sure. 4 months later that old debt appears on your report as a write off. That is because that old debt was closed and a new one was opened. What are they supposed to do about the old debt? Just ignore it? Pretend it never happened so your report can look good? That's your job to make your report look good.
Re: Re: Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! I didn't have "A-1" credit. The whole point of the matter is that if they list a TL regarding this account, it needs to be recognized easily by anyone who looks at my report that this is in fact an account purchased from Providian. It is misleading, plain and simple. SnakeMan
Re: Re: Re: Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! The simple fact is you should have asked C1 to validate that Providian debt. When you gave them permission in writing to reopen that old debt, you in effect validated the old debt. Once that debt was charged off C1 could not simply put the debt on a new card and make the charge off go away. You should have asked C1 to put it in writing that once they reopened this charge off they would not put a negative tl on your report.
Re: Re: Re: Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! Is Providian still showing the negative tl listed as being owed to them with a balance? Or has it been updated, as being TRANSFERRED OR SOLD, and ZERO BALANCE? On the account that I had with them, they updated the account transferred or sold notation, but kept the balance listed, even after a CRA dispute. I'm keeping that violation safe for future reference...
Re: Re: Re: Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! Not me. They show CO and still show the balance and....it says nothing regarding another lender purchasing this darn thing! Hey SoParkDiva....ummm so the info listed above is still ok huh? No violation? Because no one can seem to get their sh!t together when it comes to this darn account....I have to suffer. And yes, I will continue to piss and moan about this because no matter how wrong you say I am, and no matter how right you say Crap1 is, I STILL think that the way this whole thing has been handled is a bunch of monkey spunk! You say that I should have known better. I say BS! You say that they should be able to report redundant info. I say BS! Why is it so hard to understand that the way they are reporting this account is misleading? Do you not comprehend that I COULD BE RIGHT? Maybe, just maybe what I'm saying is true and this new Crap1 account looks like a whole new can of worms. It does not reflect any info at all from Providian. My point has been made. I will sue somebody. I haven't figured out who's getting it yet, but damnit! someone is gonna get it! Like President Bush Once said: "Mess with me once shame on you, mess with me twice,..............err........er three times....shouldnt be messing with me! SnakeMan
Re: Re: Re: Re: WTF!? I am sooo mad right now! sheesh. how is this helping anything? You have no idea what I read on this board. I don't really care if its been discussed a thousand times, I never ran across it, because I dont read every post. telling snakeman what he should have done doesn't do a lot of good for him now. Its almost as bad as saying 'I can't believe you fell for that scam'. I guess it might help other people in the future tho.
Re: Re: Re: Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! I was wrong, here is President Morons actual words... There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee - that says fool me once, shame on ... shame on you ... and fool me ... we can't get fooled again." - President George W. Bush
Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! Yeah! Yeah! I was too wrapped up in being on the defensive to see Crowmoms point. But this is a very good point. We should not brow beat each other on here. Not everyone in this forum can know everything all the time SnakeMan
Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! First, you want to dispute Providian's original tradeline and the C1 duplicate, as a duplicate tradeline with the CRAs. Experian will probably give you a hard time with C1's duplicate having a different account number. (I had a problem with them not accepting when the OC was just making up extensions to the account number to be reported as the new account number.) If Providian doesn't update the correct information, that its been both transferred or sold, with a zero balance, you now should have a hard violation for verifying the correct information a (b) violation since its through the CRA dispute, which makes it actionable... BTW: I would prefix the dispute of C1's tradeline with a validation of the providian account (since they're a CA, in this tradeline) they may try the "we don't need to validate it since you already validated it by entering the new agreement" answer, but asking for complete historical documentation, application, all statements, etc. for the Providian account. On the original letter from C1, was the validation rights notice obscured in any way, shape, or form, hidden on the back, etc. if it was, argue that since the validation notice was hidden on the back you didn't see it, and weren't able to exercise your rights under federal law.
Per Cap1 Code of Ethics Fair Dealing "Each associate shall endeavor to deal fairly with Cap1 investors, customers, suppliers, competitors and employees.No Associate shall take unfair advantage of anyone thru , manipulation, concealment, abuse of privilaged information, misrepresentation of material facts, or anyother unfair dealing practice." So, why not call Mr.Cooke back and ask when shall he start adhereing to there code of ethics?
Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! Good plan, thanks a lot. I'll let you know what happens. SnakeMan
Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! Just fYI... I Want to make a statement. I don't see any point in Cap1 creating a new TL on my report in this specific situation. While technically they may be able to do so, it is misleading and completely worthless and redundant. When I signed up for that whole scenario, I had no inclination that this would happen. And why should I? After all, they pitched that this would re-establish my credit. I would not assume they would do anything (short of me not making my payments to them on time) to my credit report that was negative. Had I known this would happen, I would've thrown the offer in the trash. ...So I'm still thinking though, why they did this.......I can't stop feeling that this whole thing of them reporting another bad account is wrong just because I never had a CO account with them. I never owed them a thing. If I owed anyone, it was Providian. Did Cap1 buy this debt from Providian? YES. But the new TL does not reflect that. Any....and I mean anyone with common sense would look at that debt as yet another one of SnakeMans messed up crappy TL's. How much more simpler can I make this point? Rehashing... SnakeMan
Re: Re: Re: Re: Re: WTF!? I am sooo mad right now! Try this http://media.corporate-ir.net/media_files/nys/cof/corpgov/codebusinessconduct.pdf
