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10-22-2016 06:03 AM
10-22-2016 09:12 AM
When was the first missed payment (DOFD) leading to the repo? If the repo was 5 years ago (2011) it should fall off 2018? There's something else going on.
Have you paid any of the balance? They tack on all kinds of fees for reposessing the car, cleaning, auctioning, etc. It never works in your favor. Odds are that's where the difference is, reporting as 9,500. Did they send you something at that time saying 5,800 or was that just the balance you bailed on?
Individual lates should fall off after 7 years, are you seeing any late payments reporting before 9/2009? Dispute those with whatever credit agency.
Assuming everything is reporting correctly, you can try this:
1. If you've not paid on it and have anything to offer, send a PFD request to the CU, where you settle on an amount in exchange for removal of the negative information.
2. If you have, try a GW campaign where you fall on their mercy to remove the bad marks. This is only likely to work if they've gotten all the money they want and you've otherwise proven yourself.
10-22-2016 10:15 AM
Are they reporting the current status as late, or are they adding additional, increased levels of monthly delinquency?
If the account is still unpaid, then it remains delinquent.
It is not inaccurate to continue monthly reporting that shows the account remains delinquent.
Reporting of a CO only makes of record the fact that they took that accounting measure, and does not terminate the continued account delinquency on the remaining unpaid debt.
10-22-2016 02:32 PM
Have you paid anything since the repo? Make arrangements to pay and default again? There should be no reason for the balance to continue to increase this late after the event, I'd be very suspect... does the CU still own the debt or is it a collector?
Not understanding your second sentence, you say you disputed before but nothing happened?
11-04-2016 01:25 PM
It also is not under collections but revolving accounts. Every month I get notification off a deliquent account and the balance inches up. Is this reporting correctly?
11-04-2016 01:33 PM
Community First Cred
Community First Crd Unio
Community First Cu Of
Charged off as bad debt
Unpaid balance reported as a loss by credit grantor
LATE 30 DAYS
8 times ()
LATE 60 DAYS
1 time ()
LATE 90 PLUS DAYS
29 times (Aug 2016, Jul 2016, Jun 2016, May 2016, Apr 2016, Mar 2016, Feb 2016, Jan 2016, Dec 2015, Nov 2015, Oct 2015, Sep 2015, Aug 2015, Jul 2015, Jun 2015, May 2015, Apr 2015, Mar 2015, Feb 2015, Jan 2015, Dec 2014, Nov 2014, Oct 2014, Sep 2014, Aug 2014, Jul 2014, Jun 2014)
25 times (Sep 2016, Aug 2016, Jul 2016, Jun 2016, May 2016, Apr 2016, Mar 2016, Feb 2016, Jan 2016, Dec 2015, Nov 2015, Oct 2015, Sep 2015, Aug 2015, Jun 2015, May 2015, Apr 2015, Mar 2015, Feb 2015, Jan 2015, Dec 2014, Nov 2014, Oct 2014, Sep 2014, Aug 2014)
Terms and Remarks
Charged off account
Unpaid balance charged off
11-04-2016 03:19 PM
Yes, they can continue to report monthly delinquencies as the length of the delinquency increases.
Yes, if the account can continue to accrue interest.
If the repo was legit, the way to "combat" its reporting is to make a pay for deletion offer.
The creditor could either sell or refer to a debt collector, resulting in the addition of a new collection.
Additionally, if still within SOL, they could bring civil action to obtain a judgment and pursue garnishment of pay.
Things could get worse.
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