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Regular Contributor
hopeful5
Posts: 117
Registered: ‎02-12-2009

What a mess!

Can anyone help me with thse items, I am confused as to what the right steps would be:

 

Judgement filed 8/2005

 

CO with Cap One opened 09/2002  date closed 3/2004  Remark:  Profit and loss writeoff

Estimated schedule to be removed:  8/2010    Last updated 1/2005

 

Midland credit Mgmt  Placed for collection 10/2003   Updated 1/2009

We did it...closed 1-28-10
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: What a mess!


hopeful5 wrote:

Can anyone help me with thse items, I am confused as to what the right steps would be:

 

Judgement filed 8/2005

 

CO with Cap One opened 09/2002  date closed 3/2004  Remark:  Profit and loss writeoff

Estimated schedule to be removed:  8/2010    Last updated 1/2005

 

Midland credit Mgmt  Placed for collection 10/2003   Updated 1/2009


Is the judgment for CapOne or MCM? Or is it unrelated?

 

Is MCM related to CapOne?

 

Are there balances on CapOne or MCM?

Regular Contributor
hopeful5
Posts: 117
Registered: ‎02-12-2009

Re: What a mess!

unrelated civil judgement is from MRC Receivables Corp

 

balance $3389 on Cap One

balance $1564 on MCM

We did it...closed 1-28-10
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: What a mess!


hopeful5 wrote:

unrelated civil judgement is from MRC Receivables Corp

 

balance $3389 on Cap One

balance $1564 on MCM


 

If you are past SOL or have the $$$ to PIF, then offer a PFD to CapOne. They are a tough nut to crack. I have never seen a successful PFD for CapOne. I tried it myself for DW's account too. They don't budge and they are very quick to sue if inside SOL. IMO, try a few times with the PFD. If that doesn't work, IMO, pay them in full. Likely it is still being factored into utilization and paying it could easily help your score. But don't sent any letters until SOL expires or you have the $$$.

 

MCM - if you have the $$$ or SOL expired, then DV. If they verify, them PFD.

 

PR - Do the same, DV, then PFD if verified and ask for the judgment to be vacated. Maybe someone else can chime in though. I'm a bit weak on PRs.

Senior Contributor
Wonderin
Posts: 3,494
Registered: ‎05-25-2008

Re: What a mess!


llecs wrote: 

PR - Do the same, DV, then PFD if verified and ask for the judgment to be vacated. Maybe someone else can chime in though. I'm a bit weak on PRs.




Unfortunately, PRs can't be DVed. The time to DV a debt that resulted in a judgment (or any other PR) is *before* it became a PR.

The OP's lost all bites at the apple in forcing the creditor/plaintiff into *proving* that it's an accurate debt. The best s/he can do is see if there are grounds for a vacatur (suit was filed on a time-barred debt, improper service, etc) and then respond to the court with a demand for proof of debt (if the plaintiff/creditor re-files).

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!

Regular Contributor
hopeful5
Posts: 117
Registered: ‎02-12-2009

Re: What a mess!

okay, how do I know if they are still within SOL (New Jersey)

and sorry but what is PR?

We did it...closed 1-28-10
Regular Contributor
hopeful5
Posts: 117
Registered: ‎02-12-2009

Re: What a mess!

Public record, sorry!  So I can only pay in full at this point and then it still remains for 7 years as Paid
We did it...closed 1-28-10

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