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Regular Contributor
Posts: 174
Registered: ‎03-26-2007
0

FCNB is Not Playing Fair

Hello all
 
 
FCNB is totally not playing fair with me
 
I have a chargeoff from them from 5/05 , with me being 150 days late prioer to that,
had a hard time with moneys.
 
On May of 2006, I had settle for less. Paid the about 60% amount due.
 
They still reported to date CO every 30 days
 
I wrought them a GW letter and they Stated 0 balance due, account paid on july /07
That is not correct is should of stated that from last year
and that did hurt my Fico score, cuase it started a new clock?
 
do i have a good aroument to tell them to delete the TL?
and what laws can i quote them on
 
 
thank you all
 
 
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: FCNB is Not Playing Fair

Legally, they can still report the charge-off...the correct notation is "settled," however, not "unpaid." If they are reporting it as unpaid, then dispute it. You can try a GW letter to get them to remove it--however, the odds are low. Rather than look back, focus on moving forward.
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in a credit-scoring postnuclear Stone Age...
Regular Contributor
Posts: 174
Registered: ‎03-26-2007
0

Re: FCNB is Not Playing Fair

Thank you for the response
 
they did wright paid but settle for less in the comments section
but they just reported that, shows i just paid them this month
I lost 13 pionts on my fico, wich at the same time Chase removed a chargeoff complete
I feel i am getting @#@#@ with this bank
 
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: FCNB is Not Playing Fair

How many GOOD tradelines do you have reporting?
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in a credit-scoring postnuclear Stone Age...
Regular Contributor
Posts: 174
Registered: ‎03-26-2007
0

Re: FCNB is Not Playing Fair

Have a total of 14 TL
5 are in good standing( 0ne was a autoloan with no days late for 48 months
9 are bad ( 2 of them have only 1, 30day late)( did send them a GW last month)
also recieved delta amex and hhoners but not yet on cras
so i would have 7 good in standing wen amex reports , (9 good if GW works good)
 
 
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: FCNB is Not Playing Fair

Then your prognosis for recovery is good. Just keep your utilization down...ideally you should have at least three or four revolving tradelines in active use, at under 10% utilization. Keep on keeping on, and I guarantee you your FICO will begin to rise by the end of the year, and increase significantly in 2008.
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in a credit-scoring postnuclear Stone Age...
Regular Contributor
Posts: 174
Registered: ‎03-26-2007
0

Re: FCNB is Not Playing Fair

I do use all my credit cards
 
 
amex one i use for the Transunion
one i use for the MYfico
one i use for my monthly payment for dental insurance thingy $8.00
have a bestbuy mastercard, use that like crazy, pay all my bills,get the pionts and pay before duedate
            only about $10 - 15 show on the credit reports
have a Cap1 for 18 yrs use only to buy coffe at Starbucks ( 2.98) once every 6 months( im stuck with that card its the oldest one i have ( shows cl or highest charge at $5800.00 )
 
 
last credit report (EQ) showed i used 2% of total credit availible
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