I read posts about letters to OCs in a few threads to force them to investigate or delete and I wanted to follow up with some questions.
I have an old Cap1 CO from late 2001 (according to them, as I remember it was at least a year earlier).
I wrote them asking about the account and they wrote back saying it was‘charged off’ with an R9 Rating and NOT sold to another lender with balance of 1,761.00.
They said they list it with Equifax Small Business Enterprise.
They said if I believe the info is incorrect I should send them documentation (don’t have any except credit report) by January 10th and they said they’ll ‘work with the CRA’s to verify the information’.
In any event we disputed once, they verified.
We disputed again (date) and TU and Experian refused to do so saying it was 'frivolous'.
Can I send them the OC letter now? This drops off in September of 2008 (which in itself makes it seem improbable it didn't go to default until December 01).
They seem to have been putting the onus on me in the letter to provide documentation which seems ridiculous.
Do I run any legal risks sending this letter? I'd reallly like to get this off since it still looks bad and adds a balance to my CRAs.
Also in terms of inconsistencies, the amounts listed on TU are:
Status: Account charged off. $336 written off. $1,283 past due as of Jan 2005.
which doesn't jibe with their $1,761 Balance.
And, finally, a friend said that "business" debts are not subject to the FDCPA. Would this make the OC letter a mute point?
Posting this in FICO as well, thanks for any insights you can shed. Thanks!
