I need help again please.

[bott6698]

Ok please help me make sense of this and what are my steps if any. I decided years ago to go with an invention I invented and the company financed me on the invention and I was making payments They promised to build a report for me to distribute to invention companies and they never did so I stopped paying them and told them I don't trust them and I wanted the report shown to me before I would put any more money to them . The way it is being reported is wild.

Date opened [?] Nov, 2001

Date of last activity [?] Feb, 2002

Recent payment history [?] 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 2006 2007 2008

1-2007 till 2-2008 showing 120 days I guess I pissed them off when I disputed because they were showing only one 120 day late on me

I have not sent them a payment since 2002. How am I showing good all of 2006 when I stopped paying them in 2002 and how the heck long does it take for this to just go on as a CO which in this case would prob help me lol?

Also can I DV this since they already verified everything was correct with EQ?

Message Edited by bott6698 on 04-16-2008 02:38 PM

Message Edited by bott6698 on 04-16-2008 02:38 PM

Message Edited by bott6698 on 04-16-2008 02:39 PM

[Anonymous]

bott, if this is a CA  you would send a DV....If it is the OC......you send the OC letter!!!   CMRRR

After an OC verifies a dispute with a CRA  they must answer the OC letter   BUT not before a dispute.

OC letter   read it & make all the changes needed   mail it CMRRR

HSBC Card Services
Attention: Bureau Dispute Processing
PO Box 19360
Portland, OR 97280

August 2, 2007

Re: Acct #xxxxxxxxxxxxxx

To Whom It May Concern:

I recently pulled my credit report from Experian, Equifax and TransUnion and noticed this account was listed on each of my reports as a collection/chargeoff. I immediately disputed this information with Experian, Equifax and TransUnion and the results of the investigation came back as "verified". I did not have an account with HSBC during this time period.

Since I have disputed the account with the credit bureaus, and you have verified them, I would like to see what sort of records you have for this alleged account. Under the new FACTA laws, you are required to conduct an investigation on this account, and I am now requesting it.

I will seek legal action under § FCRA 623 (b) for violations of the FCRA if you do not comply and respond to me with the results of the investigation whithin 30 days of your receipt of this letter.

In order to clear up this matter, I would like to see, a signed contract showing me that I indeed had an account with your company. If you don't respond with the results of the investigation (as is required per the FCRA), I will assume you have no documentation and therefore you were negligent in providing the credit bureaus with accurate information. At this point, you would also be in violation of the FCRA merely for not responding within the 30-day period.

To avoid a lawsuit, I request that you remove account from my credit report. Please delete this listing or I will be forced to seek legal action.


Sincerely,

[bott6698]

I called the Company. It is an internal collection. This is a dang collection account and should be reported as a collection UGHH. Those current status of 120 days late would stop. After talking with the company they said there was problems with fraud with the invention company and she asked me to send her the credit report status that is showing the 120 day late payment because she said they just updated their system that reports to CRA's and this could be an error in the way it reported. Should I trust the CA and send them the report showing how these payments are showing?

[techgirl]

I like the letter above - send it certified return receipt requested...

[modernsurrender]

I like how they went straight from OK to 120.... that musta been one loooooooooooong month.  How does that not get noticed when the CRA verifies it. 

[bott6698]

Ya prety wild how they could do that to my report and not catch it. I mean I haven't paid them a dime since dec 2001 is what the CA said so how the heck can my payments show like that? So funky.

And how can I get EQ to fix it so it shows as in collection from Feb 2002 NOT an open account showing current 120 days?

Although I may have luck having the whole thing removed because of the fraudulent issues of the OC.

HAHA  check this out, I also just decided to read my updated report directly from EQ it says date of last payment 1/2002  date of 1st deliquency 2/2002 BUT it says date of 1st major deliquency 01/2007 How the heck can you go 6 years without any payment to get date of 1st major deliquency LOL LOL LOL. Truth be told this is not very funny though and you guys know I will fight this to the death till I win

Message Edited by bott6698 on 04-16-2008 05:47 PM

Message Edited by bott6698 on 04-16-2008 05:56 PM

[bott6698]

Update, The manager at the company told me to go ahead and dispute again and he will let the account be deleted as I should have never owed for a product I was never supplied.

Yippee. This time I called EQ and spoke to a live agent as opposed to just using online and she was able to add the managers name of who to speak with for the dispute and I am sure that will help expedite the process

[techgirl]

Followup with a letter CRMRRR and get the person's name - you want proof just incase they mess up again.... Congrats

[bott6698]

Thanks tech,

Guys, with that major of a payment deliquency knocking me down do you think I will see a 50+ point boost when this now shows as pays as agreed as the manager told me they would submit it as?

[bott6698]

UPDATE, I disputed the account again as the manager told me to do. It came back verified once again so I called the CA  and freaked out. The collection account manager ( she said she was the one that verified both times) said that I needed to talk to OC and have a letter drawn up to cancel the account. I talked to OC invention company and they were not able to get a file on me from over 6 years ago to be able to produce the booklet on my product so they are sending me a letter to amicably cancel the business I had with invention company within 7 days and sending the same letter to CA and they said they will completely delete the file from my credit report.

So this should finally be taken care of!!