cancel
Showing results for 
Search instead for 
Did you mean: 

adverse accounts

tag
Anonymous
Not applicable

adverse accounts

How should I handle these adverse accounts?
 
capital one services
balance $1421
date updated 11/07
credit limit $900
past due $1421
pay status -charge off as bad debt
account type -revolving
date open 6/03
date closed 4/07
 
Gemb/jcp
balance $1155
date updated 12/07
high balance $1068
past due $427
pay status-charge off as bad debt
account type-revolving
date open 12/01
date closed 4/07
 
newport news
balance $911
date updated 8/07
high balance $1547
credit limit $1500
past due $911
pay status-charged off as bad debt
account type -revolving account
date opened 5/01
date closed 10/02
 
 
 
 
Message 1 of 10
9 REPLIES 9
Anonymous
Not applicable

Re: adverse accounts

Well let me be gentle!!!!!  the first 2 not good!!  the last maybe.
 
Keep in mind that the date closed only means that that is the date that they got tired of waiting for payment.
 
What you need is DOFD and DOLA......... these should be on your CR.   look to your reports for drop date  * will remain on CR until  month/ year!!!!    They will be before closed date.
 
What is your SOL?    What state are you in?
 
You might be past SOL on the NEWS one  but doesn't look good on the other 2. CAP1  will sue in a heartbeat!!!!!


Message Edited by HappyDays on 02-15-2008 04:42 PM
Message 2 of 10
Anonymous
Not applicable

Re: adverse accounts

sol here is three years.  should  I try to pfd original creditors on the first two or just pif?
Message 3 of 10
Anonymous
Not applicable

Re: adverse accounts

What is the DOFD on them?   Cap1 is not easy to deal with at any time!
Message 4 of 10
Anonymous
Not applicable

Re: adverse accounts

estimated date item will be removed?
 
cap one 08/13
gemb/jcp 08/13
newport news 09/09, but I read in a thread here that they went out of business
Message 5 of 10
Anonymous
Not applicable

Re: adverse accounts



lookingforhome wrote:
estimated date item will be removed?
 
cap one 08/13
gemb/jcp 08/13
newport news 09/09, but I read in a thread here that they went out of business



Out of busness  how sad!!    dispute it with all CRAs that are reporting!!!!!  If it comes back as verified  MOV the CRAs
 
You can try a PFD with the other 2  but they might not go for it. Trying doesn't hurt!


Message Edited by HappyDays on 02-15-2008 05:25 PM
Message 6 of 10
Anonymous
Not applicable

Re: adverse accounts

If I pay in other two in full will it decrase my credit scores?
Message 7 of 10
Anonymous
Not applicable

Re: adverse accounts

A collection that is PIF  will not help your scores!!!  doesn't matter if paid or unpaid  scores will not change.  Scores might go down when they report it as paid because they have now updated it.
 
NOW  if you were going for a mortgage  they would accept it as paid BUT they also go by your scores.
 
You want them off your CR if you can.
Message 8 of 10
Anonymous
Not applicable

Re: adverse accounts

looked under the abbreviation thread, didn't see mov.  please explain whan an mov is
Message 9 of 10
Anonymous
Not applicable

Re: adverse accounts

MOV =   Method of verification...........Lots of time they will only send a letter saying  we verify by da da da....just a form letter      that is not what the law says is good enough. They must tell you if they talked to someone if so who  at what phone #  date and address.
 
When you dispute all that happens is their PC talks to another PC    when you want a MOV  they must go further!!!   IF they do not then you send ITS        you will sue if it isn't deleted within 5 days.
 
If they got the info. from a third party furnisher then they must tell you who where & when
Message 10 of 10
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.