topic Re: Can Ginny's do this in Rebuilding Your Credit

Can Ginny's do this

Shannon3671 — Thu, 24 Mar 2016 19:10:17 GMT

So, I've been working diligently to clean up my credit report and noticed that an account from 5 years ago with Ginny's was reporting differently with all 3 agencies. I disputed them all asking it either be updated with the accurate information or be deleted. Nothing changed.

One credit bureau shows the DLA as June 2012, another shows it as August 2013. One shows no 30/60/90 days past due, one shows it 90+ in August of 2013 and another shows it 90+ every month from May 2012-August 2013. One shows last date of payment Dec 2011 and another shows August 2013.

Here's the delima. After speaking with a Ginny's credit rep, she reviewed my account and gave me the following information: My last date of payment to Ginny's was December 2011. It was sold to a collection agency in May/June 2012 and then I paid the collection agency in August 2013.

So...if Ginny's sold the account in May/June 2012 they gave up legal ownership of the account (or at least I thought they did) so how can they continue to report the account as 90+ days late from May 2012-August 2013 and a last date of payment as August 2013 if it was owned by and paid off through the collection agency?

Re: Can Ginny's do this

RobertEG — Thu, 24 Mar 2016 19:46:42 GMT

Some information must be consistent in reporting with all CRAs, while other information does not.

The basic requirment of the FCRA is not that all information must be reported in order to be accurate, it is that what is reported cannot knowingly be inaccurate.

It is permissible to report all delinquencies to one CRA, but only some or none to others.

However, some info is by its nature factual, such as a DOFD, and thus must be the same regardless of who reported to.

As for deliquencies after sale of the debt, first thing is to be certain that the debt was in fact sold.

Service reps may incorrectly interpret the showing that it has been referred to a debt collector as meaning the debt was sold.

Additionally, if the debt was sold and still delinquent, its current status would remain that of delinquency, however no more additional delinquencies coould accrue.

Thus, is their "reportinging" of delinquency after sale reflected only in its current status, or does the payment history actually show the reporting of new and addiitional delinquencies?

Can you post a copy of the payment history my month?

Re: Can Ginny's do this

Shannon3671 — Thu, 24 Mar 2016 20:04:49 GMT

Here's how it's reported to the different bureaus:

Company: Ginny's Inc - Cpu / Ginny's Inc / Ginnys

Loan Type: Charge Account / Other Charge / Account

Account Number - XXXXXXXXX XXXXXXXXX

Account Holder: Individual / Individual Account / Individual

Date Opened: May, 2011 / May, 2011 / May, 2011

Status Date: Dec, 2013 / Aug, 2013 / Aug, 2013

Condition: Not Updated / Closed / Closed

Last Activity: Jun, 2011 / Aug, 2013 / Not Available

Balance: $0 / $0 / -

Status: Charge-off / Payment after charge off / collection Account legally paid in full for less than the full balance

History:
Late 30 Days 0 times / 0 times / 0 times
Late 60 Days 0 times / 0 times / 0 times
Late 90 Plus Days 15 times (Jul 2013, Jun 2013, May 2013, Apr 2013, Mar 2013, Feb 2013, Jan 2013, Dec 2012, Nov 2012, Oct 2012, Sep 2012, Aug 2012, Jul 2012, Jun 2012, May 2012) / 0 times / 1 time (Aug 2013)

Worst Delinquency: Bad debt collection / None Reported / Collection

High Balance: - / $198 / $198

Terms: - - Revolving

REMARKS: Account paid for less than full balance / Paid charge off
Settled--less than full balance
Account Paid In Full For Less Than The Full Balance