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If I pay Midland, will the others disapper?

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sharriel
Frequent Contributor

If I pay Midland, will the others disapper?

I have an unpaid collection for Fingerhut.  It is on my credit report multiple times.  It is negative under Metabank, Webbank, and Midland.  It looks like the debt has been sold twice and Midland is the most current owner.  Do I just go ahead and pay Midland?  And if I PIF, do I then GW all 3 companies?

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673
Message 1 of 8
7 REPLIES 7
BearWebb85
Contributor

Re: If I pay Midland, will the others disapper?

I would start off by sending DV letters to all 3 CA's.  If the first 2 no longer own the debt and can't verify they own the debt they will be forced to remove it from your credit report.  After that I would contact FingerHut directly and see if you offer them a PFD if they will then pull the debt back from the CA and remove the TL entirely.

Start: (4-21-13): EQ 560 (FAKO) TU 544 (FAKO) EX 549 (FAKO)
Current: (8-27-13): EQ 650 (FICO) TU 677 (FICO) EX 643 (FICO)
1st Goal: Purchase my first home (Done on 9/3/13)
2nd Goal: 700 across the board
Message 2 of 8
sharriel
Frequent Contributor

Re: If I pay Midland, will the others disapper?

Thank you!! That was very helpful information!!

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673
Message 3 of 8
sharriel
Frequent Contributor

Re: If I pay Midland, will the others disapper?

I have sent DV letters to MEtabank, WEbbank, Citbank and Midland.

 

Webbank  & Metabank came back saying that the debt was valid with them.

 

Citbank came back saying they don't have control over Fingerhut accounts and that I should contact Webbank.

 

Midland does in fact own this now and I want to PFD them to get this over with but I am going crazy!

 

How can 4 companies be claiming the same debt and why won't any delete them?

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673
Message 4 of 8
sharriel
Frequent Contributor

Re: If I pay Midland, will the others disapper?

What does this mean?

 

The following changes were reported for your FINGERHUT/WEBBANK account :
Comments on your account changed from Consumer disputes - reinvestigation in process to Consumer disputes - reinvestigation in process , Account transferred or sold , Charge off account , Trsf/Sold

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673
Message 5 of 8
sharriel
Frequent Contributor

Re: If I pay Midland, will the others disapper?

These are all for the same accounts:

 

CLOSED ACCOUNTS:
Fingerhut/Metabank  8/22/09  Balance $0 CHARGE-OFF $296

Fingerhut/WEbbank   8/22/09  Balance $0  CHARGE_OFF

CITBANK/FINGERHUT 2/20/13   Balance $0 PAYS AS AGREED $135

 

COLLECTION ACCOUNT:

Midland 5/21/13 Balance $372 COLLECTION ACCOUNT

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673
Message 6 of 8
Shogun
Moderator Emeritus

Re: If I pay Midland, will the others disapper?

DV would only work with the CA, Midland in this case.  Do a direct dispute with the others, they are the OCs.  It should only be listed once under an OC.  There cannot be multiple OC listings for the same account.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 7 of 8
sharriel
Frequent Contributor

Re: If I pay Midland, will the others disapper?

How do I do a dispute?  THrough the CRA?

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673
Message 8 of 8
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