topic Re: MIDLAND REPORTING NEW ACCOUNT GE MONEY BANK in Rebuilding Your Credit

MIDLAND REPORTING NEW ACCOUNT GE MONEY BANK

Anonymous — Tue, 28 Aug 2012 19:27:46 GMT

I recieved an alert yesterday that Midland is now on my credit report for the 3RD time. The other two accounts that they bought I know are mine but this one is for the amount of 1330 and is listed as GE MONEY BANK. I have nothing on my credit report and know nothing of an account with this high of an amount. They have never contacted me about this new account. What should I do. If I DV them will they start calling me all the time? I dont have the money to even pay this. I hate how they are on my credit report three times now. Does anyone have any contacts for midland if I can pay atleast one of these accounts?

Re: MIDLAND REPORTING NEW ACCOUNT GE MONEY BANK

llecs — Tue, 28 Aug 2012 20:22:33 GMT

Are you inside the statute of limitations?

Re: MIDLAND REPORTING NEW ACCOUNT GE MONEY BANK

Anonymous — Tue, 28 Aug 2012 20:36:52 GMT

It really doesnt tell me anything. It says it was opened 5/2012 and its atleast 120 days past due. I have NO clue who the OC is.

Re: MIDLAND REPORTING NEW ACCOUNT GE MONEY BANK

RobertEG — Tue, 28 Aug 2012 21:45:57 GMT

Send them a DV within the 30-day period. That will invoke an automatic cease collection bar upon them until such time as they have provided verification of the debt and its current amount. No, they cannot call you until they have provided the requested debt verification.

Concurrently, you should determine how you wish to pursue the "account not mine" issue. If you choose to state, under oath in the form of a police report, that you never authorized the account, you can use that police report to assert that it must have been opened by another, and thus you are the victim of apparent identlty theft.

You simply need to send the police report to the CRA, and they must immediately block the collection from continued inclusion in your CR under the provisions of FCRA 605B. That is separate from your DV, and will address the CR issue.

Re: MIDLAND REPORTING NEW ACCOUNT GE MONEY BANK

Anonymous — Tue, 28 Aug 2012 22:39:34 GMT

@Anonymous wrote:
It really doesnt tell me anything. It says it was opened 5/2012 and its atleast 120 days past due. I have NO clue who the OC is.

They must have bought a lot of new accounts in May of this year. I had an old T-Mobile account that I had completely forgot about that they bought 5/2012. It also is listed as 120 days past due. I sent a DV letter which they responded too. I ended up calling them, they let me settle the account for only 40% of the over $1050 they were asking for. They would not PFD, I tried for weeks. I ended up paying and am in the process of sending them GW letters. The ONLY good thing about Midland is that even though I settled I asked them to mark the account as paid in full, which they agreed to and did.

Re: MIDLAND REPORTING NEW ACCOUNT GE MONEY BANK

Anonymous — Wed, 29 Aug 2012 12:25:54 GMT

The account may be mine. Im just not sure who they are collecting from. I have only one credit card that went into collections that was about 1000.00 and Cavalry is currently collection on their behalf. I will DV them and find out. I wish they liked to delete seeing how they now own three of my accounts. ughh