Hi all,
I have a CC that i was missing payments on, it was sold to Cap1 when they took over DirectMerchant Bank. Shortly after that it was a charge off then sold to a CA who is actively trying to collect.
At the end of July I should be in a good position to get a PL to take care of this debt ( which is the last debt from losing my job in 2011) but my report is showing a recent delinquency and I have know idea why. I'm not late on any payments and haven't been for 2 years. I'm afraid that this "delinquency" is keeping my score a few points lower and may interfere with my PL from my LCU. (current score 638 from 590)
Trouble is the account in question is within the SOL and I don't want to touch it until I have the PIF amount in hand.
The DOFD is Feb 2012 and goes 30,60,90,120,120,120,KD,KD
The CA took control in Feb 2013
I have not spoken to or made any payments or made any arrangements to make any payments to the CA. Looks like they are reporting this wrong( maybe to get me to do something) I don't want to poke a bear until I'm ready to.
what's the best way to handle this and what are my steps once I get the PL ? I would love a PFD from the CA but I've heard they do not play ball.
Should I dispute the reporting of this hoping to get a few extra points( and the delinquency removed) before I apply for the PL?
If I do that will it rattle the cage?
Once I get the PL should I send them a PFD letter like I've seen here or should I call them and plead my case? It's within the SOL so I don't think sending them a hardball type letter "PFD or nothing" would work.
any advice/ experience is appreciated.
My report shows cap 1 reporting this :
Experian Equifax® TransUnion®
Account Name CAP ONE CAP ONE CAP ONE
Account # 5XXXXXXXXXXX 5XXXXXXXXXXX 5xxxxxxxXXXX
Account Type Credit Card Revolving or Option Revolving
account Balance $0.00 $0.00 $0.00
Date Opened 8/1/2005 8/1/2005 8/26/2005
Account Status Closed closed Closed
Mo. Payment
Past Due $0.00 $0.00
Payment Status Charge-off bad debt and placed for collection Charged off as bad debt
High Balance $4,XXX.00 $3,XXX.00 $4,XXX.00
Limit $3,XXX.00 $3,XXX.00
Terms Revolving
Comments Transferred to account transferred or purchased by another lender
another lender sold charge off
This is correct IMO and will be on for 7 years unless I can get a GW miracle (after it is paid).
the collection agency is reporting this:
Account Name: PORTFOLIO RECOVERY ASS PORTFOLIO RECOVERY A PORTFOLIO RC
Account # : 5XXXXXXXXXXXX HSBC 5XXXXXXXXXXXX 5XXXXXXXXXXXX
Account Type: Debt Purchase Open Account Collection Account
Account Balance: $4,XXX.00 $4,XXX.00 $4,XXX.00
Date Opened: 2/1/2013 2/1/2013 2/15/2013
Account Status: Closed Closed Open
Mo. Payment
Past Due $4,XXX.00 $4,XXX.00
Payment Status: Seriously past due date / assigned to attorney At least 120 days or more Collection account
collection agency, or credit grantor's than four payments past due
internal collection department
High Balance $4,XXX.00
Limit Terms 1 Month
Comments : COLLECTION ACCOUNT Placed for collection
Experian is reporting this as "KD" from may 2013 to current.
Eq has it as "OK" from Feb 2013 to current
TU isnt reporting anything on the timeline.
apologies for the long post. thanks for helping.
