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I am going to send this letter to bank of america and CC Experian, & Federal Trade Commission...
anyone have any suggestions?
To Whom It May Concern:
Bank Of America currently holds my auto loan and current credit card and I enjoy my banking relationship with this institution.
However, per my credit file with Experian, my Account Number 54905009xxxxx with Bank Of America had an original delinquency date of April 2001. Therefore, this referenced account should be removed from my Experian Report April 2008, not October 2008 or any date past April 2008.
After my initial dispute with Experian, when I contacted Bank Of America to get this account removed on February 27, 2008, I was told there was nothing they could do because from their point of view the seven year mark is from date of charge off not date of first delinquency.
If that is the case, take this into consideration…… What if there is a time lag between your date of first delinquency and when the debt ends up with a credit reporting agency.
Wouldn’t make sense for your 7-year period to start whenever the creditor got around to selling the debt off?
Otherwise you could be penalized by the creditor's inefficiency in selling your debt in a timely manner.
If the above referenced account is not removed, Bank Of America is in violation of the Fair Credit Reporting Act Sections 605(c)(1) and 611(b)
Please mark this above referenced account for deletion April of 2008.