HSBC does this letter mean verified?

[Anonymous]

Ok, so here is my question. I send a DVL letter to HSBC and here is the response that I received, does this mean the debt is validate?

RE: Account Number ending in ****

We have received your credit bureau dispute regarding your Account issued ny HSBC Bank Nevada, N.A.

Thank you for your inquiry regarding the status if your OCHARD BANK VISA Account.  This letter is confirmation that we are currently reporting your Account to all relevant major credit-reporting agencies as follows:

Account is sold.  Any balance that may have been due was transferred in the sale.

As of March 18,2009, we no  longer own this account.  Please direct al future inquiries regarding this account to the new legal owner at:

SHERMAN

(888)665-****

Sincerely,

ORCHARD BANK VISA

Customer Service Department

So I did contact the collection agency and I have paid the collection.  I am wondering if with this letter if I can have HSBC, the OC, removed as a charge off from my bureau report. Can anyone help me with this?  I am desperately trying to raise my score 25 points by December. I have 2 letters like this one for 2 different HSBC accounts.

Thank you!!!

[Booner72]

No. It meas they sold the collection. No, this letter won't do anything to help you get the oC to remove the charge off, you would have to GW them directly for that. Also GW the CA. Is the second CA reporting too?

[Shogun]

+1  It just means that they had sold that account to the CA and they are done with it.  GW letters is the way to go with them now.

[Anonymous]

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@Booner72 wrote:
No. It meas they sold the collection. No, this letter won't do anything to help you get the oC to remove the charge off, you would have to GW them directly for that. Also GW the CA. Is the second CA reporting too?

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Ok I did try to PFD before I paid to no avail.  I did pay the collection off.  So my question is this, how do you try to GW an OC when it was sold to a collection agency? Is this actually possible?  Will the OC even consider this since they had to sell the account to get their payment?  I just this week sent a GW letter to Target after it was a charge off and sold. I of course have not received a response as of today.  And if a CA won't do a PFD what are the odds that they will do a GW?  What am I asking for in the GW?  Please help!!

[RobertEG]

It will most likely be tough, but that does not mean you shouldn't try....

When the OC charges-off a debt, they have made a formal determination that, not only is the debt delinquent, they also consider the consumer unlikely to pay in the future, and thus can delete that receivable asset from their accounting books.  Not a very favorable determination on their part, and not one likely to lead to good-will in deleting their reporting that your debt was "uncollectible." 

Do you have compelling circumstances that might make their view more favorable?

[Booner72]

I agree, yes you can still try to GW. And you never know.

I never had any success with GW letters, but I did have good success with GW phone calls. Weird, I know. it seems the GW letters I sent out must have really P'd people off, because they took the time to write me back to say NO!