Newbie - Beginning to rebuild

Anonymous — Wed, 11 Mar 2015 15:41:13 GMT

Hi everyone,

Excuse the fact that I am new to this forum and the whole process. I am hoping that I can get pointed in the right direction. I've read so much information on disputing and collections lately that I'm just trying to see what has actually worked for people.

Firstly, I have a debt that was originally with HSBC Bank for $619 that is showing on my transunion report as closed and in the comments they have "Charged off as bad debt

Purchased by another lender"

So it was purchased by Cach LLC which from reading about them on here is not easy to deal with. It shows on the original creditor's tradeline that it was closed 4/15/2009 and on the Cach LLC tradeline it shows it was opened 6/13/2013 for $619. The Cach LLC tradeline is still showing as open with the last reported date as 2/15/2015 so very recent. I have not been in contact with them nor have I recieved anything, but I have moved in the past year.

I would love to get this take off but I'm not sure that is possible at this point. The least I could do is send them a DV letter but my question is should I send the DV letter directly to Cach LLC at the address on my credit report first or send it through the credit bureaus or both?

Also, by sending this letter I assume it will "restart" the 7 year timeline?

This is all on my Transunion report.

My Equifax report doesn't even show the orginal HSBC Bank tradeline at all but shows the open Cach LLC tradeline with the same specifics and also shows another collection called Cavalry for this same debt that is closed for $771. Both note original creditor to be HSBC Bank.

Shouldn't I be able to remove the Cavalry tradeline as well from Equifax since it is the same debt? I assume I should send them a DV letter also?

Thanks for any help you can give.

Re: Newbie - Beginning to rebuild

Anonymous — Wed, 11 Mar 2015 16:28:43 GMT

@Anonymous wrote:
Hi everyone,

Excuse the fact that I am new to this forum and the whole process. I am hoping that I can get pointed in the right direction. I've read so much information on disputing and collections lately that I'm just trying to see what has actually worked for people.

Firstly, I have a debt that was originally with HSBC Bank for $619 that is showing on my transunion report as closed and in the comments they have "Charged off as bad debt
Purchased by another lender" Is the HSBC reporting showing a balance or is it zeroed out?

So it was purchased by Cach LLC which from reading about them on here is not easy to deal with. It shows on the original creditor's tradeline that it was closed 4/15/2009 and on the Cach LLC tradeline it shows it was opened 6/13/2013 for $619. The Cach LLC tradeline is still showing as open with the last reported date as 2/15/2015 so very recent. I have not been in contact with them nor have I recieved anything, but I have moved in the past year. Nothing out of the ordinary here. They may or may not have a current address.

I would love to get this take off but I'm not sure that is possible at this point. The least I could do is send them a DV letter but my question is should I send the DV letter directly to Cach LLC at the address on my credit report first or send it through the credit bureaus or both? I don't recommend a DV if the accout is valid. Offer PFD instead, but first consider your states SOL, as it is big enough to be sued for.

Also, by sending this letter I assume it will "restart" the 7 year timeline? No. Nothing legally 'resets' the 7.5 year report period.

This is all on my Transunion report.

My Equifax report doesn't even show the orginal HSBC Bank tradeline at all but shows the open Cach LLC tradeline with the same specifics and also shows another collection called Cavalry for this same debt that is closed for $771. Both note original creditor to be HSBC Bank. Cavalry probably had it prior to Cach, and never deleted their report. This happens a lot.

Shouldn't I be able to remove the Cavalry tradeline as well from Equifax since it is the same debt? I assume I should send them a DV letter also? Just dispute it with EQ with the comment "This collector does not have collection authority for this account." and they should drop it.

Thanks for any help you can give.

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Newbie - Beginning to rebuild

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