Ok I have searched this issue for about 3 days now and I'm still unclear - maybe I'm just not understanding it but can someone with some knowledge/experience explain this.
I have two GECRB accounts that were charged off and sold to a CA
GECRB/oldnavy - revolving
Closed. - sold to collection agency
Balance 0$. Charged off
History
Ok-ok-ok-ok-ok-30-60-90-120-kd-kd
Portfolio recovery. --- collection acct
GECRB old navy
Balance 0$
Paid was collection account
History
Kd-kd-kd-kd-kd-kd-nd-kd
Can they both report key derogatories? Is there anything to gain by disputing this?
I have sent gw's to both companies with no response.
Just need clarification on my options
I have two GECRB accounts that were charged off and sold to a CA
GECRB/oldnavy - revolving
Closed. - sold to collection agency
Balance 0$. Charged off
History
Ok-ok-ok-ok-ok-30-60-90-120-kd-kd
Portfolio recovery. --- collection acct
GECRB old navy
Balance 0$
Paid was collection account
History
Kd-kd-kd-kd-kd-kd-nd-kd
Can they both report key derogatories? Is there anything to gain by disputing this?
I have sent gw's to both companies with no response.
Just need clarification on my options
Actually, No, Portfolio can't report the Kds. They are listing themselves as a factoring agency and bypassing the rules for CAs to report.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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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.
Should I send a letter to all 3 CRA
and what should I say exactly?
I hate feeling like I need to be spoon fed it's just that I like to know every detail and want to do this the right way.
and what should I say exactly?
I hate feeling like I need to be spoon fed it's just that I like to know every detail and want to do this the right way.
Dear sir or madam,
It has come to my attention through a recent pull of my credit report that a collection agency, known as Portfolio Recovery, is reporting incorrectly.
They are bypassing the reporting laws and reporting as a factoring agency. They are also reporting multiple "key derogatory" remarks on the two trade lines they are reporting, again another illegal practice as they are in fact a collection agency and nothing else.
The balance was paid in full on September 7th 2012 but, the aforementioned agency reported that the debt was $37.00 on both accounts. They also added an additional "key derogatory" remark after payment was made IN FULL. I have receipt of these payments on both accounts.
I hope we can resolve these matters by deleting the false misrepresented trade lines by PORTFOLIO RECOVERY off of my credit history.
I have a typed revised letter to the BBB that I will be sending if these matters do not get resolved. I will also being taking legal action due to the negative effects this false reporting has had on my life events.
I hope this matter can be corrected before further action is warranted.
It has come to my attention through a recent pull of my credit report that a collection agency, known as Portfolio Recovery, is reporting incorrectly.
They are bypassing the reporting laws and reporting as a factoring agency. They are also reporting multiple "key derogatory" remarks on the two trade lines they are reporting, again another illegal practice as they are in fact a collection agency and nothing else.
The balance was paid in full on September 7th 2012 but, the aforementioned agency reported that the debt was $37.00 on both accounts. They also added an additional "key derogatory" remark after payment was made IN FULL. I have receipt of these payments on both accounts.
I hope we can resolve these matters by deleting the false misrepresented trade lines by PORTFOLIO RECOVERY off of my credit history.
I have a typed revised letter to the BBB that I will be sending if these matters do not get resolved. I will also being taking legal action due to the negative effects this false reporting has had on my life events.
I hope this matter can be corrected before further action is warranted.
Would this be an effective letter to the CA and CRA?