Settled-paid less than full balance auto

[chela62678]

Thnx

[chela62678]

anyone have any experience with this co.

Apparently anything before they sold to Santander in 2010 is not available. Citifinancial is no longer in business. Has only a fax number/email to send inquiries to.

Should I dispute with the credit bureau?

They will not do early exclusion due to fall off in aug 2015.

I am hesitant to email them as well.

at a loss on how to proceed.

[chela62678]

Ok I bit the bullet and sent an email to the email provided with A GW Letter.

They answered me today and said they would delete this account.

OMG I am so excited.

They asked me for my address I guess they will send me a letter to verify.

Super Duper excited

That only leaves 2 collection accounts for me one of which is not mine.

now to work on my UTIL!! 

[chela62678]

Yay!!!! i use true credit to for daily monitoring.

This auto was deleted from my credit report. TU so far, but hopefully all of them soon.

Getting closer.

So excited

[AndySoCal]

The comment about the account being settled has ( in my opinion) to be reported.  A settled account by definition is for less than full balance.  Depends on who (which bureau) is reporting it the status may show as paid with the comment the account has been settled.  If the comment is removed it would imply you paid the account in full which is not the case.  I doubt a good will to remove the account or the comment will be successful.

[chela62678]

They are removing it. This acct would have fell off 6/15. They just did it early with GW

[RobertEG]

The FCRA requirement for credit reporting is not that it must fully capture all correct information, but rather that what has been reported is not knowingly inaccurate.

Removing the comment of paid/settled for less leaves only the fact of paid, with no additionaly information of how much was accepted by the creditor as satisfaction of the debt.

In my opinion, a creditor is not required to report settled for less. 

It is common for a creditor to agree not to additionally report paid for less.

[chela62678]

Happy to say off all my reports