@guiness56 wrote:
@ps1819grits wrote:
My husband has a lot of accounts that say charge-off' on them. What does that mean exactly? Does he still technically owe those accounts? What about accounts that she (the ex) opened in his name that he had no idea about? Is there any way he can legally dispute them? A Charge off is an accounting term used for the status of the account. It means after a period of time they did not believe they would be paid and wrote it off. Yes, the debt is still owed. They may have sold it to a collection agency and if that is the case, you owe the collection agency and not the original creditor. He may be able to dispute them but, first, she was his spouse and second, she had a POA giving her the power to do it without his knowledge. It would probably be a long process with an outcome of he owes the money.
^^^So we just need to work on paying them off?? Unfortunately he has no paperwork from his "previous life" as he moved many times.
On mine, my ex's addresses (after we divorced) and one loan are listed on there. Why? I have had no part in those addresses or loan. Can I dispute that? Was the loan taken out while you were still married? If not, then yes, you can dispute it. However, I would directly dispute with the creditor and not the CRA.
^^^Ok, I went back and looked again and it is just his addresses that are being reported on my credit report. I have never lived at those places or received mail there. Why would they be on my credit report??
Who do we contact to start paying this debt off? The individual accounts? Once we have accounts paid off/deleted, how do we make sure that they are reported correctly on our reports? It depends on what type of debt, who has the debt etc.
^^^^Do we call the number that is listed on the credit report if there is one?? Most of his debt is credit cards.
I've seen several posts where people had accounts deleted off their credit reports. What kind of accounts and how/why did it happen that way? It was probably a pay for delete.
^^^I'm afraid I don't understand.
Pay for delete? How and why?
There are at least 3 accounts on his (my husbands) report that have been paid. Can we click the dispute button or is there another way to go about that?
Also, if there are multiple accounts with the same name/phone number, were they maybe different credit cards for the same company (ie: Target)??
I really am lost when it comes to credit and such as I have never really had to deal with it before, but now that we are at a place that we can slowly start paying things off, I want to figure all this out and be able to make educated decisions!
Thanks again!!
@ps1819grits wrote:
@guiness56 wrote:
@ps1819grits wrote:
My husband has a lot of accounts that say charge-off' on them. What does that mean exactly? Does he still technically owe those accounts? What about accounts that she (the ex) opened in his name that he had no idea about? Is there any way he can legally dispute them? A Charge off is an accounting term used for the status of the account. It means after a period of time they did not believe they would be paid and wrote it off. Yes, the debt is still owed. They may have sold it to a collection agency and if that is the case, you owe the collection agency and not the original creditor. He may be able to dispute them but, first, she was his spouse and second, she had a POA giving her the power to do it without his knowledge. It would probably be a long process with an outcome of he owes the money.
^^^So we just need to work on paying them off?? Unfortunately he has no paperwork from his "previous life" as he moved many times.
On mine, my ex's addresses (after we divorced) and one loan are listed on there. Why? I have had no part in those addresses or loan. Can I dispute that? Was the loan taken out while you were still married? If not, then yes, you can dispute it. However, I would directly dispute with the creditor and not the CRA.
^^^Ok, I went back and looked again and it is just his addresses that are being reported on my credit report. I have never lived at those places or received mail there. Why would they be on my credit report??
The would be on his ex's report also. Would she be paying on them?
Who do we contact to start paying this debt off? The individual accounts? Once we have accounts paid off/deleted, how do we make sure that they are reported correctly on our reports? It depends on what type of debt, who has the debt etc.
^^^^Do we call the number that is listed on the credit report if there is one?? Most of his debt is credit cards.
It depends on who has the account and who owns it. Is it still with the OC or has it been assigned/sold to a CA?
I've seen several posts where people had accounts deleted off their credit reports. What kind of accounts and how/why did it happen that way? It was probably a pay for delete.
^^^I'm afraid I don't understand.
There are at least 3 accounts on his (my husbands) report that have been paid. Can we click the dispute button or is there another way to go about that?
Also, if there are multiple accounts with the same name/phone number, were they maybe different credit cards for the same company (ie: Target)??
If they have been paid, yes, you can dispute them. Do the accounts have the same account numbers and are they being reported by the same company. If they are duplicates you can dispute as such.
I really am lost when it comes to credit and such as I have never really had to deal with it before, but now that we are at a place that we can slowly start paying things off, I want to figure all this out and be able to make educated decisions!
Thanks again!!
You need to know the DoFD of each account and what the SOL is for your state for each kind of debt.