topic Three TL with the same CA. Problems. Help please!! in Rebuilding Your Credit

Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 19:11:29 GMT

I have three different TL with Credit Clearing House in the amounts of $176, $125, $181. I called to offer a PFD but they said it was against company policy to do so. I am willing to pay all three of these in full (even though I have no memory of one of them. Do you think it would do me any good to send this letter?

305 W Market St.

P.O. Box 1209

Louisville, KY 40202-2907

RE: Collection Account for Nolin Rural Electric. Account # 148843****

Amount: $125.00

To Whom it May Concern:

This letter is to inform you that the validity of this debt is disputed. I am not sure of the account number, as I have never heard from you regarding this account. The account number I have is the one listed on my TransUnion credit report.

In the spirit of compromise, I am willing to pay this account IN FULL if you agree to immediate deletion of this account from any and all credit reporting agencies (Equifax, Experian, and TransUnion). The purpose of this settlement is merely to have this item removed from my credit files. It is not to be construed as an acknowledgment of liability for this debt in any form.

If you agree to the terms and accept this agreement, certified funds for the settlement amount of 125 dollars ($125.00) will be sent to Collection Agency in exchange for a full deletion of ALL references regarding this account from my credit files and full satisfaction of the debt. As certified funds will be used for payment, there shall be no waiting period regarding the deletion of this account from the credit reporting agencies.

Collection Agency agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, excluding your client on this account. If contacted by any third party, including credit-reporting agencies, Collection Agency will not acknowledge that any settlement offer was made, accepted or executed and will, in fact, deny knowledge of any such account.

If you agree to the above terms, please prepare a letter on your company letterhead explicitly agreeing to the same terms as the above offer and have it signed by an authorized representative of Collection Agency. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state.

Your response must be postmarked no later than 15 days from your receipt of this offer or this offer will be withdrawn and I will request full validation of this alleged debt, as provided for by the Fair Debt Collection Practices Act.

Joe

If not then what do you think I should do. These are no going to fall off until 2015 and I would really like to get these removed.

I was told by someone that as long as the OC is not reporting (which they are not in any of my cases) that as long as the debt was paid that the CA could no longer Validate if you sent a DV because they no longer have an intrest in the account. Is there any truth to this?

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 19:30:37 GMT

I had some success with a back door PFD approach. here is my original post link;

http://ficoforums.myfico.com/fico/board/message?board.id=rebuildingcredit&message.id=53547#M53547

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 20:47:30 GMT

Thanks for the advise...... I am not sure I completely understand what kind of check to send and what to do to the back of it. Is there any way you could simplify that for me. Sorry

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 20:55:29 GMT

IMO, forget about PFD'ing at this time and send them a DV CMRRR if beyond SOL or you can PIF.

You said you don't even remember them, maybe they aren't yours?

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 20:57:39 GMT

Have you sent the a DV letter? Or are you just taking their word that you owe them money? If you have not sent them a DV letter, I would send them a DV letter especially if you have no knoweledge of the account and the fact that the OC does not have an entry on your CR.

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 20:58:15 GMT

If I do DV and they are in fact mine I just dont want to PIF do I??? Are you saying to forget PFD all together or just until I DV??

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 21:00:23 GMT

Paying them will not help your score.

I would DV and if they validate properly, then send a PFD.

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 21:33:49 GMT

Ok thanks..... Also I have made a settlement with chase on an account that has been closed by them and charged-off. I posted about this account on another thread and got no response. I stupidly agreed to this settlement (before joining this group) without them agreeing to remove the lates from my CR. This item alone is killing my score I am sure. The account reads as this on EQ.

Chase Bank USA Acc. # [edited]xxxx Date Opened 10/2006 Balance $905 Date reported 03/2009

Date of first Delinquency 12/2006

Here are the lates: 2-30 days 2-60 days 2-90 days 1-120 days 2-150 days and 17-180 days

What are my chances of getting these remarks removed of the whole TL in its entirety.

Has anyone had any success with Chase? If so please share........

Edited to remove personal information. Please be careful with what information you share on a public forum.

Message Edited by sidewinder on 03-26-2009 04:33 PM

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 21:35:27 GMT

Some have been reporting luck having Chase remove TLs from their reports.

Just know that you lose the good with the bad. If the TL is helping more than hurting, you could see a score drop.

Having the lates removed alone will not help your score.

Do you have accounts older than this one? How many accounts have you opened since this one?

Re: Three TL with the same CA. Problems. Help please!!

Anonymous — Thu, 26 Mar 2009 22:19:33 GMT

Here is a run down of my CR. I haven't pulled EX but have TU and EQ

BTW the chase account is my oldest account.

Open Accounts

TU&EQ-Bank of America Credit limit $700 opened 01/2009

TU-General Acceptance (car loan) opened 02/2009

Closed Accounts

TU&EQ-Chase Bank USA Balance $905 Date opened 10/2006 DOFD 12/2006 Charged-Off

TU&EQ-HSBC Best Buy Balance $0 Date opened 02/2007 DOFD 04/2007 Pays 61-90 days

(^This TL confuses me because it is showing 0 balance but when I called they said that it had been transferred/ sold to collections. This just confuses me all together.

TU&EQ-NCO Medclear Inc Balance $985 date opened 02/2008 DOFD 10/2006 Does not have a current status.

Collections

EQ-B&B Financial Services Balance $548 DOFD 08/2007 Medical

TU&EQ-GLA Collection Company Balance $418 DOFD 07/2008 Medical

TU&EQ-GLA Collection Company Balance $490 DOFD 07/2008 Medical

TU&EQ-Hillcrest Credit Agency Balance $471 DOFD 11/2006 Medical

EQ-GLA Collection Company Balance $1137 DOFD 09/2006 Medical

TU&EQ-Cornerstone Enterprise Balance $194 DOFD 10/2006 Medical

TU-Credit Bureau System Owe Balance $1902 DOFD 07/2007 Medical

TU-Credit Clearing House Balance $176 DOFD 02/2008 Part Medical

TU-Credit Clearing House Balance $125 DOFD 05/2008

TU-Credit Clearing House Balance $181 DOFD 05/2007

I have quite a few inquiries as well so..... Any advise I can get I will take

TU-Southern Management Systems $4168 DOFD 07/2008