Double reporting

[Anonymous]

Good evening. I have an issue with two companies reporting on the same account. The original creditor has me for listed owing the original balance of $554 and the credit agency has offered me a settlement for 50% of that balance.

I need your help on deciding which way to go with this one. I want to pay this account ASAP. Am I allowed/able to request the original creditor to remove themselves from my credit report then pay the 3rd party collector? or should I pay the creditor and hope for re-establishment of my account? or should I pay the 3rd part company and just call it a day?

Thanks in advance for your assistance.

[Anonymous]

I would go with the 50% settlement...but only with a PFD...

[Anonymous]

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AC wrote:

Good evening. I have an issue with two companies reporting on the same account. The original creditor has me for listed owing the original balance of $554 and the credit agency has offered me a settlement for 50% of that balance.

I need your help on deciding which way to go with this one. I want to pay this account ASAP. Am I allowed/able to request the original creditor to remove themselves from my credit report then pay the 3rd party collector? or should I pay the creditor and hope for re-establishment of my account? or should I pay the 3rd part company and just call it a day?

Thanks in advance for your assistance.

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what is the DOFD??

[Anonymous]

Thank you for your reply. I'm a newbie. I'm a bit unsure of how a PFD works and how I would structure my verbiage to make it work. Any suggestions by any chance?

[Anonymous]

I am embarrassed to ask. What does DOFD mean?

[Anonymous]

Date of First Delinquincy

[Anonymous]

Thank you.

[Anonymous]

Sometime in 2004. This account is so old it's hard to get that information. I will try their collection dept. tomorrow to see if I get better results.

[Anonymous]

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AC wrote:

Sometime in 2004. This account is so old it's hard to get that information. I will try their collection dept. tomorrow to see if I get better results.

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abbreveations link

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=3866

Newbie link

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=38534

SOL   look for your state    my SOL on CC  is 6 years BUT  Florida is 4years

this means a creditor can file a lawsuit to get a judgment against you until SOL is PAST

SOL

http://www.bankrate.com/brm/news/cc/20040116b2.asp?caret=8

CTRP

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=17466

The CRA  will have your drop off date also.....IF the OC is posted

[Anonymous]

Thank you very kindly for the links......I have learned sooo much from them. Things I should have know as a youth....Goodnessss.

I really appreciate it.