03-20-2017 10:18 AM
Any advice would be appreciated. I'm desparatly trying to get negative accounts/charge off's on my account removed slowly, one by one.
I have a car loan on my report from GM Financial, I ended up defaulting on that and the car was repo'ed. I was wondering if anyone could PM me a contact for them. What I came across on my reports is the following information
Date Opened - 12/1/2010
Orig Balance - $20181
Past Due - $2586
Balance Updated - 9/6/2011
Payment History - 1/2011 OK / 2/2011 30 / 3/2011 OK / 4/2011 30 / 5/2011 60 / 6/2011 90 / 7/2011 through 9/2011 Failed to Pay
Date Opened - 12/1/2010
Original Balance - $2586
Past Due - $2586
Payment History - 12/2011 through 11/2015 Failed to Pay
I was wondering if these inaccuracies were enough to warrent a removal of it completly from my CR. Any thoughts/advice on how to proceed? Also please PM any contact info anyone may have for them.
03-20-2017 10:35 AM
I pulled my reports from experian.com, and looking on there I do not see anything that has a DoFD or Estimated removal date. Going by what is reporting on payment history my guess would be sometime mid to end of 2011.
03-20-2017 11:23 AM
A dispute must identify the information that is asserted to be inaccurate.
Resolution of the dispute then relates only to that information, with resolution requiring either verification of the accuracy as currently reported, or correction of the information so as to overcome the inaccuracy. If the info cannot be verified, the CRA can correct as argued by the consumer.
Deltion would only come about if the info cannot be verified or corrected, and then would relate only to the disputed info.
Unless the dispute relates to the issue of the legitimacy of the debt per se, then any deletion of the entire account due to lack of verification or lack of correction would not apply.
03-20-2017 01:09 PM
I called Regional Acceptance to get some more information about this. They informed me that it was passed onto Mercantile Adjustment Bureau. I have yet to receive anything from them regarding the debt, not sure if anything can be done about this?
03-20-2017 03:31 PM
If a new debt collector reports their collection to a CRA, then CRA policy instructs the old debt collector to delete their reported collection.
You can only have one collection being simultaneously reporting on the same debt.
You will only, in effect, change the named debt collector for the reported collection, but you wont end up with two collections.......
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