next one - old Providian

Anonymous — Sat, 20 Sep 2008 13:17:18 GMT

Hi all,

I've gotten a couple of ugly things taken off and am waiting for a couple of pending investigations to complete to check my scores.

So meanwhile, I have a WaMu/Providian account to decide what to do with. It was opened in 1999, which is good for age, so I was going to leave it alone, but it's also closed, paid, settled for less than full balance. I just noticed that TU is reporting that over $4000 was written off. That's not possible. I remember negotiating to pay the bulk of it, like 75%, $2880, and refusing to pay the ridiculous fees at the end. Now, it has years of good history, and then a string of bad history when our income took a major hit, and then charge off, and then it reports as okay. I do have a mortgage opened in 1998, so I have something older than that, and I don't have a lot of newer accounts, but I don't like that it reports that WaMu lost $4000+ on me, especially when it's not true.

If I ask them to report it accurately, will they delete it? And is it worse to delete, or worse to list as legally settled for less than whole balance? I take it WaMu is tough to GW from searching the forum.

Thanks in advance...

Re: next one - old Providian

aquatic1 — Sat, 20 Sep 2008 15:25:49 GMT

@Anonymous wrote:
Hi all,

I've gotten a couple of ugly things taken off and am waiting for a couple of pending investigations to complete to check my scores.

So meanwhile, I have a WaMu/Providian account to decide what to do with. It was opened in 1999, which is good for age, so I was going to leave it alone, but it's also closed, paid, settled for less than full balance. I just noticed that TU is reporting that over $4000 was written off. That's not possible. I remember negotiating to pay the bulk of it, like 75%, $2880, and refusing to pay the ridiculous fees at the end. Now, it has years of good history, and then a string of bad history when our income took a major hit, and then charge off, and then it reports as okay. I do have a mortgage opened in 1998, so I have something older than that, and I don't have a lot of newer accounts, but I don't like that it reports that WaMu lost $4000+ on me, especially when it's not true.

If I ask them to report it accurately, will they delete it? And is it worse to delete, or worse to list as legally settled for less than whole balance? I take it WaMu is tough to GW from searching the forum.

Thanks in advance...

Not sure about the answer to your question but considering WaMu looks to be on the verge of going belly up, it may be a good time to try and fix things with them. They may be a little nicer. I only have checking and savings accounts with them so not too familiar with their other types of accounts. I am sure someone else will be around to give better advise. Good Luck!

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next one - old Providian

Re: next one - old Providian