@Anonymous wrote:
@Anonymous wrote:I hope you guys can give me some insight. I have a charge off from an old car loan. The original bank was wachovia and since wachovia was bought by wells fargo they now report my charge off to the bureaus.
Date of last activity was Sep 28th 2009 so by the end of this year per statue it should fall off my report. However i am going to have to purchase a house before that and this charge off aint looking too good.
My question. Would a validation letter help me get this removed totally before that. since Wachovia originally had my loan and its quiet a paper trail?
Is there anything i can do to get it removed a few months early?
FYI i called wells fargo, whos reporting the charge off and they are playing dumb and telling me i should contact the bureaus for removal.
How exactly is it reporting? Is it reporting as a charge off with a balance due, or no balance? Is there a separate collection reporting as well?
@RobertEG wrote:The reporting is by the creditor.
Verification of the debt would require filihg of a dispute under the FCRA, which, unlike as DV request sent to a debt collector, requires some showing of an actual inaccuracy in the debt in order to obtain their investigation and response.
Is the debt valid?
yes it is valid. 
You can try the early exclusion 6 months in advance with TU and 1-3 months with the other 2 CRAs. Exclusion doesnt mean its stil not uncoverable by mortgage lenders as a full factual report would more than likely show it till its at least 10 years old. Best way would be to make a PFD settlement offer to whomever is reporting the debt.
