topic Re: Who would I PFD? in Rebuilding Your Credit

Who would I PFD?

Anonymous — Sun, 12 Apr 2009 21:05:08 GMT

So I have this closed Newport News account that was closed. I know it will fall off next year since it was closed in '03, but I want it to go away now. It has many many lates on it as over the past 6 years since it closed I haven't really cared too much about it. It was the least of my concerns when it came to paying debt. Now I just want to be rid of it. It was closed with a $1200 balance that I now have down to $390.

I get my statements from Card Processing Center. On the back it has an address for inquiries and such, but it reports listed as Newport News on 2 of my reports and as Newport News/Cm on the 3rd.. There are 2 different addresses for NN between the 3 reports. And on the back of my statement that comes from Card Processing Center it says "Your closed FCNB/Newport News account is now serviced by CMS. CMS is not affiliated with Spiegal or Newport News. The Spiegal and Newport News mark and associated designs are trademarks owned by Spiegal catalog Inc., Spiegal Inc. and or Newport News Inc. CMS is permitted to use these marks under limited license from Spiegal catalog Inc., Spiegal Inc. and or Newport News Inc."

Should I send my PFD directly to the Newport News address or to the Card Processing Center address where I regularly mail my payments? So confused. I should just disregard the whole CMS statement right since I have no clue who they are?

edited to add: I just noticed that of course EX does not list a closed date, but TU shows 8/2002 and EQ shows 3/2003. WTH why different dates? so it will fall off one report in approx 4 months and the other 12?

Message Edited by scorechaser on 04-12-2009 02:05 PM

Re: Who would I PFD?

Anonymous — Sun, 12 Apr 2009 22:29:25 GMT

It will fall off based on DOFD.

EX and TU should have a removal date, EQ should have a DOFD listed. If you have reports directly from the CRA.

The GW/PFD would go to the card issuer. The card processing center just handles payments....a lot of CC places uses this place to process payments for them and do the mailings.

Re: Who would I PFD?

Anonymous — Sun, 12 Apr 2009 22:41:49 GMT

@Anonymous wrote:
It will fall off based on DOFD.

EX and TU should have a removal date, EQ should have a DOFD listed. If you have reports directly from the CRA.

The GW/PFD would go to the card issuer. The card processing center just handles payments....a lot of CC places uses this place to process payments for them and do the mailings.

I have all 3 reports directly mailed from the CRAs. none of them list a DOFD nor an estimated removal for any of my negatives except for an auto loan to be removed 6/09.

I will send my letter directly to Newport News then. Thanks!!

Re: Who would I PFD?

Anonymous — Sun, 12 Apr 2009 22:51:22 GMT

From what you posted, the card is issued by FCNB.

WFNNB issues their cards now.

GW/PFD would go to FCNB.

Re: Who would I PFD?

Anonymous — Sun, 12 Apr 2009 23:00:16 GMT

@Anonymous wrote:

GW/PFD would go to FCNB.

I will look into that. I thought I read somewhere that FCNB went under and all the newport news accounts with FCNB went to this other collection company.

Re: Who would I PFD?

Anonymous — Tue, 14 Apr 2009 01:44:32 GMT

Does anyone out there know if it is possible to contact FCNB? everyting i have googled just comes up as a bank in the midwest or articles regarding them going under. i dont have any of my old statements from when they held the account so I no longer have that address. I have 2 differnt addresses on my CRs-should i just mail a PFD to both? Even though they are not for FCNB?

Re: Who would I PFD?

Anonymous — Tue, 14 Apr 2009 01:48:21 GMT

Who are the addresses for?

Re: Who would I PFD?

Anonymous — Tue, 14 Apr 2009 01:55:32 GMT

they are the addresses listed under Newport News on myCR's. I assume for the company that now holds the old FCNB account.

Re: Who would I PFD?

RobertEG — Tue, 14 Apr 2009 02:22:42 GMT

Scorechaser, if the account was closed back in 2003, chances are that the DOFD is probably at least 6 months earlier, and thus back in 2002. If you have your account records, go back to the first date that the account became delinquent (i.e., 30 days from the due date of the first statement that was delinquent). Most CCCs wont close an account until it has gone delinquent for at least 60-90 days from the DOFD, so I would look first at the DOFD.

If the OC never charged off the account or placed it for collection, it willl drop from your CR 7 years from the DOFD. If they did a CO or CA, then it falls off at 7 1/2 years from the same DOFD.

Account closing date is not relevant.

Re: Who would I PFD?

Anonymous — Tue, 14 Apr 2009 02:32:57 GMT

@RobertEG wrote:
Scorechaser, if the account was closed back in 2003, chances are that the DOFD is probably at least 6 months earlier, and thus back in 2002. If you have your account records, go back to the first date that the account became delinquent (i.e., 30 days from the due date of the first statement that was delinquent). Most CCCs wont close an account until it has gone delinquent for at least 60-90 days from the DOFD, so I would look first at the DOFD.
If the OC never charged off the account or placed it for collection, it willl drop from your CR 7 years from the DOFD. If they did a CO or CA, then it falls off at 7 1/2 years from the same DOFD.

Account closing date is not relevant.

i have been paying on it since it was closed (though i have had lates occur over the years) and it is up to date and current on payments so i dont know what the DOFD would be. i don't even know if it was closed because of me or just because FCNB went belly up. to my knowledge it isnt a CA and it isnt a CO just simply closed. i just wasnt it to go away. i figure i can kill 2 birds with 1 stone by getting a secured loan from my CU to show a loan TL, which i do not have, and PFD this stupid account.

i read in a post around here that closed accounts from an OC fall off 7 years from date closed. thats why i was thinking it would come off soon. but i suppose i read that paragraph wrong the few times i have read it.

Re: Who would I PFD?

RobertEG — Tue, 14 Apr 2009 02:52:08 GMT

No, the CR drop-off date is never based on account closing date.

If you bring an account back into good standind that was previously delinquent, this does NOT erase or reset the DOFD in your credit file. The DOFD can only be reset if a NEW chain of delinquencies is started after the account is brought back into good standing.

Re: Who would I PFD?

Anonymous — Tue, 14 Apr 2009 02:59:41 GMT

@RobertEG wrote:
No, the CR drop-off date is never based on account closing date.
If you bring an account back into good standind that was previously delinquent, this does NOT erase or reset the DOFD in your credit file. The DOFD can only be reset if a NEW chain of delinquencies is started after the account is brought back into good standing.

oh ya...ive done that numerous times. so i guess PFD is they way to try on this one. i will send a letter to both addys i have then. and the rest of my report is just sol as far as waiting for these old closed accts to fall off since i got my hopes up when i read the 7 yrs from close dates. ill just have to GW till the cows come home.

Re: Who would I PFD?

RobertEG — Tue, 14 Apr 2009 03:04:02 GMT

A payment offered under the condition that the creditor agree to delete their prior posting from your CR does not have to be accepted by the creditor. In fact, the official reporting manual used by all of the CRAs specifically instructs the creditors that it is improper for them to delete an account based on full payment.

Since the "rules" of credit reporting tell creditors not to accept PFD's, it takes some incentive offered to the creditor to take such an action. Greed on their part may do it, but it is always iffy.

Re: Who would I PFD?

RobertEG — Tue, 14 Apr 2009 03:08:09 GMT

I am not sure how your hopes were dashed because the closing date is not the fall-off date.

The DOFD must always be earlier than the account closing date, so it is to your benefit.

Re: Who would I PFD?

Anonymous — Tue, 14 Apr 2009 04:21:29 GMT

If I just would have continued to not pay this account from the beginning of it going under this acct it would have fallen off 7/09. So if I understand correctly this is how it goes.....my DOFD the 1st time was 7/02. Caught back up and new DOFD then was 9/03. Caught back up, new DOFD then was 4/06. Caught back up then DOFD'd again 8/08. I always forgot about this stupid account and didn't pay. Then id go oh crap and pay it up. Sheesh. I have been wishy washy with my credit!! No More!! But still, becasue I have wanted to pay this as I do owe it I esentually have extended my sentance in credit hell.

plz, plz, plz mr dude at Newport News....let me PFD i'll even PIF!!!!

Re: Who would I PFD?

Anonymous — Tue, 14 Apr 2009 14:10:57 GMT

The closed date does sometimes play a role in when accounts fall off.

Positive closed accounts remain for 10 years from closed date.

So, this account is not a charge off, it is just a closed account that has multiple lates? Is that correct?

Do you have reports directly from EQ, TU, or EX?

If never sent to collections or charge off, there may not be a DOFD.

Re: Who would I PFD?

Anonymous — Wed, 15 Apr 2009 01:23:47 GMT

@Anonymous wrote:
The closed date does sometimes play a role in when accounts fall off.

Positive closed accounts remain for 10 years from closed date. Thank god for that! At least I have a positive TL from a fully paid, never late car loan that will help in the next year or so of repair before it finally dumps.

So, this account is not a charge off, it is just a closed account that has multiple lates? Is that correct? Just closed with lates and a balance that I have been paying down-Unfortunately not consistently

Do you have reports directly from EQ, TU, or EX? Yep I have hard copies obtained via snail mail from all 3

If never sent to collections or charge off, there may not be a DOFD.ooh what would that mean for paid/closed cc's with lates? No CO no CA. Just paid/closed. How do I find out when those would come off? None of my reports have DOFD for my accts, at least not written in a way that is plain as day to me.

my name should be creditidiot instead of scorechaser

Re: Who would I PFD?

Anonymous — Wed, 15 Apr 2009 02:47:18 GMT

You can call the CRA and ask when it would be removed, just make sure you make it clear you aren't disputing, just asking for more information.

The lates will fall off one by one as they reach 7 years.