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Valued Member
Posts: 44
Registered: ‎02-19-2008
0

First Premier Bank Card need help charge-off

I am trying to rebuild my credit.
 
I have FPB on my CR for 400$  due to come off next year.  Do you think I should pay it and ask them to re-open the account? 
 
I believe it is a charge-off account now.
 
Please advise.  Thanks.
Valued Contributor
Posts: 2,340
Registered: ‎04-08-2008
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Re: First Premier Bank Card need help charge-off

First Premier...has no forgiveness...I don't think they will...but you can try...First Premier has a lot of outrageous fees and stuff anyway...why don't you try HSBC...
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007
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Re: First Premier Bank Card need help charge-off

IMO   I would not touch anything on my CR unless it was past SOL
 
If you want to pay the debt & are past SOL I would use a PFD.  I only say if past SOL as they are ept to accept when they can not sue you. But if within SOL  you can still try a PFD.
Valued Member
Posts: 44
Registered: ‎02-19-2008
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Re: First Premier Bank Card need help charge-off

[ Edited ]
OK i called them to find out exactly what I owe and they said its now handled by arrow financial (CA).  So now what sould i do ?  Still send a PFD?  If so for what amount should I offer in the PFD the full amount or 1/2?
 
also this is past SOL.  Its due to come off next. year
 
Thanks.


Message Edited by awoodrow on 05-30-2008 05:37 PM
Moderator Emeritus
Posts: 11,562
Registered: ‎08-29-2007
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Re: First Premier Bank Card need help charge-off



awoodrow wrote:
OK i called them to find out exactly what I owe and they said its now handled by arrow financial (CA).  So now what sould i do ?  Still send a PFD?  If so for what amount should I offer in the PFD the full amount or 1/2?
 
also this is past SOL.  Its due to come off next. year
 
Thanks.


Message Edited by awoodrow on 05-30-2008 05:37 PM


Is Arrow Financial reporting on your reports? Have you heard from them?
 
You need to find out if the OC sold the account or just assigned it to them to collect on for the OC.
 
If they sold the account, they can't accept payment. However, if they still own the account, I'd send them a PFD.
 
 
Some state's have SOL that is longer than the 7 year CRTP. Just want to point out that just because it is due to fall off doesn't make it past SOL. Not sure what state you are in, but wanted to make sure you understood that part.
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Valued Member
Posts: 44
Registered: ‎02-19-2008
0

Re: First Premier Bank Card need help charge-off

When i called they said they no longer own the account but they still will report paid if I pay the CA.  The CA is now owned by someone else rather than arrow financial.  I am trying to find out by who now.
Moderator Emeritus
Posts: 7,970
Registered: ‎12-19-2007
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Re: First Premier Bank Card need help charge-off

Past SOL, DV whoever supposedly owns the account now.
___________________________________________________________________
Do what is true in spite of the consequences--your future is only as true as you are.
Valued Contributor
Posts: 2,340
Registered: ‎04-08-2008
0

Re: First Premier Bank Card need help charge-off

You need to find out if the account was sold...or assigned to the CA...is the CA reporting on your reports???....if not.I would pay them....BEFORE..they reports....have you received a letter from them???....and if the account was sold to the CA...First Premier...MUST show a $0 balance...
Valued Member
Posts: 44
Registered: ‎02-19-2008
0

Re: First Premier Bank Card need help charge-off

Hi Byrdman... Can I still DV them even though First Premeir Bank knows I own it?  They are still the ones reporting on my CR.
 
And yes its past SOL.
 
Thanks for your help!
Moderator Emeritus
Posts: 7,970
Registered: ‎12-19-2007
0

Re: First Premier Bank Card need help charge-off

Is First Premier the only one reporting? If someone else truly owns the account and they are not reporting, you would be best served to PFD, making sure that you state in the letter that they will cease reporting (delete), if they have reported and will not report, if they have not yet reported.

It just seems like you are having trouble figuring out who in the world owns this debt.

That's why I would start off by DVing which ever CA just contacted me. Usually, if it's just assigned, they will give it back to the owner, as they don't have time for a losing proposition.

You have nothing to lose by DVing the CA, if they are on your reports.
___________________________________________________________________
Do what is true in spite of the consequences--your future is only as true as you are.

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