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Hi,
Today I decided to review my CR and noticed BofA account status remains unchanged. Account was sold and purchased by CACH LLC.
Status: Closed. $3,392 written off.
Comment: Purchased by another lender.
Last year I settled the lawsuit with CACH LLC (purchaser for the charged off account), all records of CACH in CA has been removed, however BofA has not updated. I need your suggestion on how to get this corrected, should I contact BofA or file dispute or write a GW to BofA?? Again, this was for a settlement.
Please help
Thanks
Just because you settled with the JDB and they removed doesnt automatically mean the OC is going to remove their TL as well. They have a right to report it as a CO with 0 balance for up to 7.5 yrs post DoFD. You would need to send them a GW letter to ask that the TL be removed but since they took a loss on you they might not be in such a forgiving mood and it may take some time to get the GW you will be seeking. http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...
Thank you for your response. I will send GW and hope it gets cleared.