I am so happy!!!
I faxed JCPenney a GW letter on 31 Aug, I got a reply by mail today from them saying that they tried to call me on 5 Sept (I was out of town). Anway, they stated that they have contacted all credit reporting agencies to update my credit file by removing all lates. They also said that JCPenney sold its credit portfolio to GE Money Bank which is owned and operated by General Electric so all credit communications sent to JCPenney is forwarded to them.