Re: Credit card repossession?

Panamanian · ‎05-16-2013

Yep.....you read it right. I received an alert on my phone from credit karma stating that I had a repossession listed. My cars are paid for. So I logged into my account and it listed one of my credit cards as repossession. I just ignored it because I know credit karma is not that reliable. Well I pulled up one reports directly from the credit bureau website and I noticed that my charged off credit card with HSBC was updated under Capital One ( hsbc just sold there credit card portfolio to cap 1) and it was not listed as charge off but repossession......,is this even possible ? Please advise.

03/13 Walmart $300 graduated to $800 on 07/13 then $1100 on 11/09; 03/13 Amazon Store $700 graduated to $800 06/13....graduated to 1700 10/13; 04/13 VS $250, 12//12 Cap1 Secure $200 graduated to $300 05/13, 03/13 Cap1 $500 graduated to $1500 07/13.
Current: Lender pulled Transunion 630 Myfico Exfax 630, Experian 630 09/13

New Goal: 675-700 by Jan 2014.
Hoping to close 12/03/13.

swpopham · ‎05-16-2013

dispute it

"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar

Panamanian · ‎05-16-2013

Will do.thanks.

03/13 Walmart $300 graduated to $800 on 07/13 then $1100 on 11/09; 03/13 Amazon Store $700 graduated to $800 06/13....graduated to 1700 10/13; 04/13 VS $250, 12//12 Cap1 Secure $200 graduated to $300 05/13, 03/13 Cap1 $500 graduated to $1500 07/13.
Current: Lender pulled Transunion 630 Myfico Exfax 630, Experian 630 09/13

New Goal: 675-700 by Jan 2014.
Hoping to close 12/03/13.

LS2982 · ‎05-16-2013

@swpopham wrote:
dispute it

Yes, you might even be able to get it totally removed!

EQ FICO 548 3/3/16

Walt_K · ‎05-16-2013

Was it a secured card? Did they take your deposit? I don't know if they could report that as a repossession.

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720

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Panamanian · ‎05-16-2013

No it was a unsecured card...and it was charged off in 2008.....it was always record as a charge off.....prior to the buyout.

03/13 Walmart $300 graduated to $800 on 07/13 then $1100 on 11/09; 03/13 Amazon Store $700 graduated to $800 06/13....graduated to 1700 10/13; 04/13 VS $250, 12//12 Cap1 Secure $200 graduated to $300 05/13, 03/13 Cap1 $500 graduated to $1500 07/13.
Current: Lender pulled Transunion 630 Myfico Exfax 630, Experian 630 09/13

New Goal: 675-700 by Jan 2014.
Hoping to close 12/03/13.

Panamanian · ‎05-16-2013

I hope they remove during the dispute process.

03/13 Walmart $300 graduated to $800 on 07/13 then $1100 on 11/09; 03/13 Amazon Store $700 graduated to $800 06/13....graduated to 1700 10/13; 04/13 VS $250, 12//12 Cap1 Secure $200 graduated to $300 05/13, 03/13 Cap1 $500 graduated to $1500 07/13.
Current: Lender pulled Transunion 630 Myfico Exfax 630, Experian 630 09/13

New Goal: 675-700 by Jan 2014.
Hoping to close 12/03/13.

Credit card repossession?

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Credit card repossession?