@aman31 wrote:I have a Household Bank card in 2005. I let the card get several months behind and I was offered a settlement of $300 from HSBC, which I think was about half of my balance. Everything was fine until Nov 2008.
They sold the account to Collections and it came back on my credit report. It is now showing on my report from both HSBC and Midland Collections. I called HSBC and they told me that the $300 was the last payment and I was wrong about the settlement. I dont really have anything in writing, except were I disputed the information on December 14, 2005.
I have a letter from HSBC stating that they instructed all relevant credit reporting agencies to delete any reference to this Account. Was this letter sent after you paid the settlement???
I need to close on Home Equity loan to get a new roof on my house. This can't wait long. I've been told by the bank I'm approved if I can get this off my information as it is now dated Nov 2008, not 2005. They can NOT legally re-age the debt. That Nov 08 might be your "last update" or something like that. Do you have your reports directly from the 3? TU should give you the date this is expected to drop.
What is the best action to take at this point.
I know the pain you feel. My HSBC just fell off this past week & I'm waiting for the Midland drop ...checking my reports every day.
I do wish you better luck than I had w/Midland. My GW's got tossed in the trash. But...I wasn't as persistent as some here have been. I just read where someone sent letters constantly, like a few per week! Sent cards, jokes...etc. Get creative!!!
I too have a HSBC debt and a midland credit on my reports. My question to anyone that can help is... If I PIF the debt to Midland can I? Or more like... Would the PTD? does that make sense? I am in a situation where I will PIF the debt to midland but i was curious if anyone had, had them delete it from CR? I am not so much worried about HSBC cause it's showing a 0 balance.... Any advice can/will help!!
Thanks
Starting Score: 506
@aman31 wrote:The letter is dated December 14, 2005. I made the settlement with them in Sept of 2005. I dont really have any other records. They have record of the $300 payment, but they are saying it was a payment not a settlement. I'm debating faxing the letter directly to Transunion.
I called Midland today. They will not remove the account with a statement showing a zero balance. I had to talk to the Legal Dept. Does that mean anything special?
You stated that: I have a letter from HSBC stating that they instructed all relevant credit reporting agencies to delete any reference to this Account.
If the letter states that the acct is to be deleted...fax that to the CRA's or copy & mail. That letter should be sufficient!
@T50 wrote:I too have a HSBC debt and a midland credit on my reports. My question to anyone that can help is... If I PIF the debt to Midland can I? Or more like... Would the PTD? does that make sense? I am in a situation where I will PIF the debt to midland but i was curious if anyone had, had them delete it from CR? I am not so much worried about HSBC cause it's showing a 0 balance.... Any advice can/will help!!
Thanks
Is HSBC showing as a CO?? Zero bal only menas they sold the debt. Doesn't mean that acct is in good standing. I'm guessing it's listed in your negative accts.
What is the DOFD on the OC???
HSBC is showing as a CO... I figure there is not much I can do about that. The report I have doesn't show the DOFD for the OC. Would that possibly be the first date that Midland credit started reporting?