Rebuilding Your Credit

[jmr2012]

I have a question regarding Wells Fargo Financial Cards.  I've gotten a ton of information from this site but I'm unsure of how to handle the following.  Listed on Experian is: 

Wells Fargo Financial Cards

High Balance $1,486

Recent Balance N/A

Last Reported 10/2007

Creditor's Statement: Purchased by another lender.

Listed on TransUnion it states "payment after charge-off/collection"

I have never received anything from a CA regarding this account.  I would like this removed from my CR's but I'm not sure what I should do?  Any advice is greatly appreaciated!!!

[beamMEup]

Hi jmr,

Give us a little more info - you'll get some great help here.

What was the most recent status of the card as far as you know?

What was the last thing you heard from Wells Fargo on this?

What was the last balance?  Last payment?

[jmr2012]

Thank You! I will try and answer as best I know.

I believe the most recent status is charge-off.  It is listed on two CR's.  Experian shows it was purchased by another lender and TransUnion has it marked as "paid profit and loss". and also has noted that payment was made after charge off/collection.

I don't remember the last thing I heard from them.  It has been awhile.  From what I remember I never heard much.  They seem to stop collection activity very quickly.

On Experian is shows N/A as recent payment and recent balance.  It shows a high balance of $1,486.  On TransUnion it shows the balance and past due amount as 0.  It says date paid is 8/2007.

I hope this information helps.  Thank you.

[beamMEup]

That helps a lot.

Was the high balance also the amount due last time you heard from Wells Fargo? - either the last bill or the last balance with fees and so forth attached?

[jmr2012]

Yes, I believe that was the amount.