topic Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit in Rebuilding Your Credit

2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Wed, 30 May 2012 14:42:38 GMT

OK. so I have read some things about this and an trying to figure out if that ruling can be used to delete a TL that has been reporting as 120 days late forever from an ASPEN card that I had back in ?2006 or 2007. I am waiting for the response to the complaint i filed with the BBB. JC has until 06/05/12 to respond. So, what happens if they do not respond to the complaint filed through the BBB? Does anyone have any experience with a situation like this? I was out of the area when all this stuff was going on in the courts and don't know if it is too late to use that ruling to my advantage. I am hoping I can have them delete for a bit of a score boost since they are in the accounts showing lates and balance on my CRs. Thoughts??

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

injustifiiable — Wed, 30 May 2012 15:00:22 GMT

Start by disputing the TL with CRA's. It won't be able to be verified by the CRA and it will simply fall off on it's own.

You can do it either online or by snail mail.

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Wed, 30 May 2012 15:05:56 GMT

why would it not be able to be verified? would that be due to the court ruling?

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

injustifiiable — Wed, 30 May 2012 15:20:04 GMT

@Anonymous wrote:
why would it not be able to be verified? would that be due to the court ruling?

Correct. The ruling stipulated that they were not to do any further credit reporting and delete the TL's of the affected consumers.

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

traveler2005 — Wed, 30 May 2012 22:54:04 GMT

I very recently had my visa aspire and imagine tradelines deleted from all 3 CRA's Every time I disputed with the CRA's, they always came back verified. It wasn't until I sent a complaint to the FTC and wrote a letter to Jefferson Capital demanding that they remove the account with threat of filing a complaint with the BBB that they immediately, withing days sent a letter stating that they would immediately delete my tradelines from the CRA's, It was less than a week, and they were gone I think that the CRA's will continue to verifiy everything until the cows come home, Robert said that disputing with the CA was best, and I am a believer.

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

RobertEG — Thu, 31 May 2012 00:26:53 GMT

I am not sure I understand the basis for the complaint.

Credtiors regularly report/update monthly, and often report the entire history each month, even if no real changes. The reporting is usually nothing more than their statement that the account continues at the previously reported level of delinquency. That is particularly true of current status.

Did the cited ruling apply to all reporting, for all time, a window of time, certain consumers?

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Thu, 31 May 2012 00:36:57 GMT

that is where I am at too Robert. I am not sure what the exact impact of the ruling would be on my TLs. I was in possession of the ASPEN card back prior to the suit and ruling and if I fall under that ruling, I would definitely want to have the TL removed from all CRs. I guess I will find out eventually, hopefully soon

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

pmatt1 — Thu, 31 May 2012 19:52:30 GMT

I had an Aspire visa card that fell under the ruling. It was removed by Jefferson Capital, but was purchased by Midland Credit in 2009. According to what I read in the ruling this account was not to have been reported by the OC as well as any 3rd parties. I am fighting to get this removed now and have filed a complaint with the BBB. Still waiting on the results. Disputing with the CRA did not help. They all responded that the account belonged to me.

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Thu, 31 May 2012 20:28:05 GMT

@pmatt1 I did the same with the BBB and also filed a complaint with the FTC seeing as they started the suit, I figured they would be more aware of the situation, etc. When did you file with the BBB?

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

pmatt1 — Thu, 31 May 2012 20:34:27 GMT

I filed on last Monday. Have you heard anything yet?

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Thu, 31 May 2012 20:43:53 GMT

i did it online and got " it has been forwarded to JEFFERSON cap sys and they may contact me directly. they have until 6/05/12 to respond. yadda yadda. My guess is that they will contact me by sending me another "second chance emblem offer" haha.

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

pmatt1 — Thu, 31 May 2012 20:52:17 GMT

If your card is still reporing with Jefferson Capital, I think you may have a good chance of it being removed. My problem is that a CA is reporting mine.

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Fri, 01 Jun 2012 13:46:12 GMT

what CA is reporting? I assumed that Jeffcap was a CA, but they own all those bogus cards that they were passing off to subprimers.

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

pmatt1 — Fri, 01 Jun 2012 17:45:58 GMT

The CA reporting is Midland

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Fri, 01 Jun 2012 17:55:57 GMT

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

injustifiiable — Fri, 01 Jun 2012 18:27:10 GMT

@pmatt1 wrote:
The CA reporting is Midland

Good luck with MIdland. They are the worst!

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Sun, 03 Jun 2012 15:28:13 GMT

Jefferson has only three more days to respond to the BBB complaint and so far nothing. What is the next step if by Wednesday I still have not heard from them? Do I notify the BBB that no response has been given?

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Mon, 04 Jun 2012 20:48:34 GMT

woot woot!!! I just checked my complaint and JEFFERSON CAP responded to the BBB. although, according to JCS, my account was not included in the suit(?) they are closing accoutn, ceasing all collection efforts, and having it deleted from all three CRAs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AWWWWW YEAAAA!!! I am so glad I heard something this positive!!! I don't know if it will cause a score jump, but betwwen that and MIDLAND falling off early last week from EQ, i may seem something, no??

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

injustifiiable — Mon, 04 Jun 2012 22:19:17 GMT

@Anonymous wrote:
woot woot!!! I just checked my complaint and JEFFERSON CAP responded to the BBB. although, according to JCS, my account was not included in the suit(?) they are closing accoutn, ceasing all collection efforts, and having it deleted from all three CRAs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AWWWWW YEAAAA!!! I am so glad I heard something this positive!!! I don't know if it will cause a score jump, but betwwen that and MIDLAND falling off early last week from EQ, i may seem something, no??

Well that's good...at least they had the decency to delete it for you even if you weren't one of the "eligible consumers".

Yay!

Re: 2008 RULING on FTC -vs- Jefferson Capital/compucredit

Anonymous — Tue, 05 Jun 2012 00:33:21 GMT

Congrats.. I am still waiting they have until 6/10 to respond to mine.