Other than hire an attorney I am not sure.
This is from the IRS:
Code G — Decision or policy to discon
Code G is used to identify cancellation of
debt because of a decision or a defined policy
of the creditor to discontinue collection activity
and cancel the debt. For purposes of this identi-
fiable event, a defined policy includes both a
written policy and the creditor's established
Discontinuing collection activity would mean a 0 balance on your credit report. The OC cannot have it both ways.
got a response in the mail from BOA saying account was charged off in `09. They generated a new account number for purposes of reporting so they say the new account number now reflects as the old account. They said 1099c is issued after the cease collection on the account, and 1099c is for tax purposes only and its not deducted from my account balance. It says they are no longer collection on the account although the balance is still owed. Its says issuin a 1099c doesn't relieve me of account responsiblity nor does it mean they have to remove it from my report. Something here seems very very wrong.
judging by guiness post above the creditor cannot have it both ways correct they wrote it off i filed taxes, then they changed account number to report and collect on it.
as in any lawyer dealing with debt matters? How can you change an account number after you charge it off and 1099C the account then report a balance as if there never was a 1099C? What should i do with the attorney send a intent to sue letter or?
I would contact a consumer attorney in your local area. Explain your situation and see if he/she will take it. A good one will take the case. At that point he/she will let you know your options or I will just PM you a law firm I am currently using for a class action. They are the largest and most successful in the states!!!
They have formally stated that they have cancelled the debt.... ergo no debt.
Would appear to be a slam-dunk in court............
Trying to find an attorney in my legal services plan through work to save money I have a hyatt legal plan through my job i've contacted a few waiting on a response. The thing is that they say the generated a new account number to report to the bureau's and thats the account that was issued the 1099-C on it lol. Something is iffy here and I need this matter resolved asap, still waiting on CPFB case to finalize on this matter also. I waiting on a mortgage approval and this is the hold back the fact that their still reporting a balance on trans and equifax but not experian. I live in the Chicago suburbs joliet area.