topic Re: First Premier question in Rebuilding Your Credit

First Premier question

Anonymous — Fri, 07 Aug 2009 08:11:53 GMT

First Premier (OC) is reporting on my CRA as CO. It is outside of SOL.

I don't even want to bother w/ PFD letters, so what is the proper way I go about paying them? Should I call them to find out payment address?

Also, if I pay them will it re-age my account at all? It is due to fall off January 2011, so that won't change if I pay it off, correct?

Message Edited by SydLo on 08-07-2009 01:11 AM

Re: First Premier question

daisyduke — Fri, 07 Aug 2009 10:31:04 GMT

I also had a CO with FP and they did not have a CA reporting on my credit report.Send in a check and put your account number on it. They'll cash it. They cashed my check . You probably won't have any luck by calling them, it seems that if you input your account number or social over the phone, they'll probably tell you to deal with the CA.

Now, they cashed the check on Jul 21 but have not updated the balance on my account, so I disputed it with the CRA's....By paying them you are avoiding another potential collection, even though it will drop soon..

I used the address on my cr - 3820 N Louise Ave, Sioux Falls, SD 57104.

Sorry I can't answer your question about re aging....

Re: First Premier question

BungalowMo — Fri, 07 Aug 2009 12:22:21 GMT

@Anonymous wrote:
First Premier (OC) is reporting on my CRA as CO. It is outside of SOL.

I don't even want to bother w/ PFD letters, so what is the proper way I go about paying them? Should I call them to find out payment address?

Also, if I pay them will it re-age my account at all? It is due to fall off January 2011, so that won't change if I pay it off, correct?
Message Edited by SydLo on 08-07-2009 01:11 AM

You say they are reporting as CO. Does this account show a balance? Or does the bal show $0 ??

Re: First Premier question

Anonymous — Fri, 07 Aug 2009 12:31:02 GMT

@Anonymous wrote:
First Premier (OC) is reporting on my CRA as CO. It is outside of SOL.

I don't even want to bother w/ PFD letters, so what is the proper way I go about paying them? Should I call them to find out payment address?

Also, if I pay them will it re-age my account at all? It is due to fall off January 2011, so that won't change if I pay it off, correct?
Message Edited by SydLo on 08-07-2009 01:11 AM

Once it is COd nothing can change the DOFD. It will still fall off January 2011.

Re: First Premier question

Anonymous — Fri, 07 Aug 2009 16:52:11 GMT

This is exactly what it shows:

On True Credit (it is showing it is reporting to all 3 CRAs)

Condition: Derogatory

Balance: $423

Type: Credit Card

Pay Status: Collection/CO

Past Due: $423

Limit: $300

Opened: 8/3/2003

Reported: 7/10/2009

Remarks: TU: Charded off as bad debt. P&L write off. EX: Unpaid balance reported as a loss by the credit grantor. EQ: Charged off account.

On Experian:

Status: Account CO. $423 written off. $423 past due as of Jul 2009.

Status Details: THis account is scheduled to continue on record until Jan 2011.

Date opened: 8/2003

Type: Revolving

Credit Limit: $250

Reported since: 8/2003

High Balance: $423

Date of status: 8/2004

Recent Balance: $423 as of 7/2009

Last reported: 7/2009

Account history: CO as of Aug 2007 to Jul 2009, Aug 2004, 120 days past due as of Jul 2004, 90 days past due as of Jun 2004, 60 days past due as of May 2004, 30 days past due as of Apr 2004

On Equifax:

Current Status: Charge Off

Type of account: Revolving

Credit Limit: $250

Date opened: 8/2003

Date reported: 7/2009

Date of last payment: 1/2004

Balance/Amount Past Due: $423

Date of last activity: n/a

Date major delinquency first reported: 7/2004

Months reviewed: 59

Charge off amount: $423

Date of first delinquency: 3/2004

Comments: Charge off account

Message Edited by SydLo on 08-07-2009 09:52 AM

Re: First Premier question

Anonymous — Fri, 07 Aug 2009 16:49:22 GMT

Did you send a letter with it?

I don't have my full account number because my CRAs block out the last digits.

Should I put my social security number on the money order?

Should I do a money order or cashier's check?

Should I send it CMRRR, or just CM?

Mine is showing: 601 S Minnesota Ave, Sioux Falls, SD, 57104

Re: First Premier question

Anonymous — Fri, 07 Aug 2009 16:50:37 GMT

EQ is showing a DOFD as 7/2004. That means it will come of 7/2011 - 01/2012.

Re: First Premier question

Anonymous — Fri, 07 Aug 2009 16:53:49 GMT

I found it on my hard copy of Experian....

Can it report a whole year difference between CRAs? Because look above @ my Experien and how it reads.

Re: First Premier question

Anonymous — Fri, 07 Aug 2009 16:57:05 GMT

Sorry, I read it wrong. EQ is showing 3/2004 as DOFD. I do not find a DOFD for EX.

Re: First Premier question

Anonymous — Sat, 08 Aug 2009 01:29:55 GMT

I have the same exact issue with fp...down to the $$ amount.

When I called to pay it off they transfered me to a collection agency even though sears is the one reporting.

I was thinking of paying the ca & sending a gw to sears?

Re: First Premier question

Anonymous — Sat, 08 Aug 2009 05:10:50 GMT

Did you send a letter w/ your payment?

Did you do a restricted endoresement on your check, so they couldn't transfer it to a CA?

Did you write a personal check to them, or use money order or cashier's check?

Thanks for any info!

Re: First Premier question

RobertEG — Sat, 08 Aug 2009 05:37:00 GMT

It s all quite simple.

Just pay the OC. No conditional endorsements, other than payment in full.

If the OC cashes the check, debt is gone, as are the CAs, who must then delte.

But the CO that the OC previously reported wont drop from your CR until 7 1/2 years from the DOFD on the OC account.

If the DOFD on the OC acount was 3/2004, the CO will contiunue to post until 9/2011.

Re: First Premier question

Anonymous — Sat, 08 Aug 2009 22:47:59 GMT

Thanks Robert. My problem is I do not have my full account number.... so I don't know what info to send for identifying my account...etc.

I'm not trying to send any "special" letter other than "Here is payment in full; according to my CR this is what I owe. Please send me a letter stating my account w/ them is now a $0 balance...etc. blah blah blah."

Message Edited by SydLo on 08-08-2009 03:47 PM

Re: First Premier question

Anonymous — Sat, 15 Aug 2009 00:20:08 GMT

*bump*

Can someone please help me? That actually reads my questions...

TO clarify - I'm wanting to pay the OC. I want to be assured my payment is going to the OC, not a CA. A CA is not reporting & I do not want FP to transfer the payment to one.

Thank you!

Message Edited by SydLo on 08-14-2009 05:20 PM

Re: First Premier question

daisyduke — Sat, 15 Aug 2009 12:00:35 GMT

Hello, I understand you cannot find your original account number with FP. I put that number on my check when I mailed it to them, You can't call them because they are going to tell you to call the CA. Is the account number listed on any of the letters you recieved from the CA? Sometimes a CA will include that information.

Re: First Premier question

Anonymous — Sat, 15 Aug 2009 14:17:53 GMT

Thanks for replying!

The problem is that I don't have *any* info on a CA for this account.

My only option is going to be to call FP to get any info, I think.

Re: First Premier question

daisyduke — Sat, 15 Aug 2009 17:03:27 GMT

Hello,

Call First Premier. If you don't have your account number, I think they'll take your social. At that point, they will most likely tell you to call the CA, at least that is what happend to me. But i found my account number, cut them a check, and it was cashed...balance reports zero now...the CA didn't show up on my credit report....if the CA was on the credit report then that's a different story...

I would avoid however, lesson learned, never to call a CA. Just don't do it. This can wake a sleeping giant and the CA could end up reporting on all three reports before you know it....trust me on this.... I did and now I have more problems....that could have been avoided...

Re: First Premier question

Anonymous — Sat, 15 Aug 2009 23:37:48 GMT

Thanks, Daisy!

Did you get your account number directly from FP then?

I'm not calling a CA. If FP owns my account (which obviously they do or else they would not be reporting) then I will deal with FP. If they refuse to discuss the account with me and try to pawn me off on a CA then I guess I'll just send them a check & see what happens from there.

Re: First Premier question

daisyduke — Sun, 16 Aug 2009 01:55:50 GMT

Hi SydLo, I think i got my account number from the collection notice that Pinnace had - I misplaced my papers/account number and could not find it........do you have anyting in the mail from Pinnacle? seems like FP might use them....teh good thing about paying FP directly is you will keep other CA's off your back...

Good luck!