Crap 1

[Anonymous]

Listen to this:  I had 2 crap 1 accounts, supposed to be IIB.  I contacted them a month ago, because they were reporting as charged off.  So they send an update to the CB, correct 1 of the accounts, and the other one they still list as a charge off.  It would be fine and I would just re-dispute it, but they went ahead and changed the balance owed from $3000 to  $26,000 and are reporting it as a current balance.  I never owed them that much, I did truly owe the $3000 [but it was IIB].  In the account history section, it clearly shows the balance to be $3000.  This is supposed to be IIB, but now they are reporting a bogus balance.  Do I contact Crap 1 or the CRA or both.  This is ridiculous.

[CreditBob]

If I am understanding you correctly, the 11B is a chapter 11 business bankruptcy, is that right?? If so you need to dispute it. Sejnd in copies of the paperwork. Unless you take the inititave to correct the msitakes it will hurt you. Send everything in that you have atracking number so that you know when they recieved it in the mail.

Bob

[Anonymous]

No, it was a chapt 13 BK from 2003.  It had been reporting all along as charged off, and I didn't realize it until we were refi'ing our mortgage.  I asked them to correct it and they corrected one, but the other they still list as a charge off but they increased the balance $20K...