topic Question + Sample Letter in Rebuilding Your Credit

Question + Sample Letter

Anonymous — Thu, 12 Aug 2010 22:35:22 GMT

Ok here is my story, for a few weeks now I have been trying to dispute one account on my credit report via equifax, transunion and experians online dispute with no luck. So here is the story in a nutshell. Back in the late 1990's and early 2000's I had a joint mortgage with a HUD title 1 loan (assistance) with my ex-girlfriend. Obviously we broke up, she then refinanced the house on her own in 2006. As I am checking my credit report recently I have noticed a HUD title 1 loan collection on my account beginning in late 2006, and still active. I do not own a mortgage currently and the account is still being paid through her mortgage but in the beginning it looks like she had some rocky points so there are CA's attached, and the account currently reads; Collection/Chargeoff. This is negatively affecting my credit and I have no clue on where to start in order to remove this. Like i stated I have tried online disputes, with no luck. I currently do not have a mortgage so how can they say I own this?

If anyone could help me with some sort of sample letter, and other steps in order to fix this I would greatly appreciate this.

Thank you in advance.

Re: Question + Sample Letter

Anonymous — Thu, 12 Aug 2010 22:34:09 GMT

Hi and welcome to the forums.

Was there ever any lates while you were still together? Are you 100% sure she actually did refinance without you being part of the loan?

Re: Question + Sample Letter

Anonymous — Thu, 12 Aug 2010 22:42:18 GMT

Yes I am positive I am no longer on the loan, I had to sign paperwork stating so (quick claim deed). The current loan on my report shows late payments in 2007, but these late payments are after the refinance.

Re: Question + Sample Letter

Anonymous — Thu, 12 Aug 2010 22:43:10 GMT

Ok, just making sure.

You have a couple of options.

You can dispute with the CRAs as not yours. There is always the chance it can come back verified and further hurt your score.

The other option is to write a letter to the OC and tell them you are no longer on this loan yet it is still reporting. If you have any paperwork to support it, send it. Ask them to please remove the account from your CR.

That should take care of it. If for some reason it doesn't there are other options.

Re: Question + Sample Letter

Anonymous — Thu, 12 Aug 2010 22:46:26 GMT

Is there a sample letter somewhere floating around this forum that would suit my needs? As I already tried disputing all 3 CRA's via there online dispute.

Re: Question + Sample Letter

Anonymous — Thu, 12 Aug 2010 22:49:38 GMT

For which, the OC or the CRA?

Re: Question + Sample Letter

Anonymous — Fri, 13 Aug 2010 03:09:12 GMT

For the OC

Re: Question + Sample Letter

RobertEG — Fri, 13 Aug 2010 04:10:52 GMT

The very first thing I would do is to trot on down to my local police station, and file a police report.

Yes, you first need that before you can take action regarding any assertion of non-ownership of a reported debt.

The CRAs are not contract attorneys or law enforcement agencies. They are not going to decide their actions based solely upon what you assert to them.

When you sign a police report, it imposes criminal penalties on you for any frudulent statements made therein, so is thus recognized under the FCRA as suffiecient legal assertion of potential identity theft to then warant their action. Simply stated it is grounds to get the ball rolling to get CR blocking, and hopefully, deletion.

All you have to tell the police is that someone is reporting information to your credit file on a debt that you never owned, or signed for.

Once you have that police report, it then becomes what the FCRA, unfortunately, calls an "identity theft report." FCRA 603(q).

With that in hand, then file a "Request for Block of Information from your Credit Report" under FCRA 605B.

You need only attach a copy of the police/identifty theft report, and state that the information reported to your credit file was not related to any transaction intitiiated by or authorised by you. Thereafter the information must be blocked from subseqent credit reporting.

Re: Question + Sample Letter

Anonymous — Fri, 13 Aug 2010 04:18:27 GMT

RobertEG, I wouldn't do that. That would be saying she did it delibrately and the OP says he knows for a fact he is no longer on the loan.

If he disputed it with the CRAs and they used EOscar, it still may be in there.

Re: Question + Sample Letter

Anonymous — Fri, 13 Aug 2010 18:01:51 GMT

So what course of action should I take? Should I first write to the OC? Which (ugh) is the US DEPT OF HUD. And if so is there a sample letter around here that I can base it off of for the OC?

Re: Question + Sample Letter

Anonymous — Sun, 22 Aug 2010 18:49:56 GMT

Anyone? I could really use the help.

Re: Question + Sample Letterer

Anonymous — Fri, 27 Aug 2010 20:52:21 GMT

Ok so after a few days of phone tag. I finally spoke to a representative who is handling this supposed account. He explained to me that according to his records and reporting, experian and transunion report the account paid, closed. and the status as collections. However when I look at the account it shows collection/chargeoff. He said there is nothing he can do because like he said on his end they are reporting it collection.

Now, he did say he is fixing equifax which showed account : open, and status deragotory.

Now I just have to figure out if its just the way the credit reporting agency is labeling the account, or if HUD is just blowing smoke...

any suggestions what to do next?