Please Help! How do I proceed with Midland?

[Anonymous]

I see several people are in the same boat as I am.    I know I have a lot of questions, but I am trying to be clear about when to do what and WHY to do what.  Just when I think I know what to do about how Midland is reporting on one CR, I then question if it is the correct way to proceed for the other two.  My SOL is 6 years and going by what Midland is reporting, I am have 2 or 3 years in SOL. What is the benefit of having a collections account report AS a COLLECTIONS vs.  a revolving account?  If it is a collections account, can they add to the final balance?

Equifax reports Midland as a negative account. Date reported 10/07.  Last payment date 9/06. I have never paid these people anything.  I never had an account with them.  It is not reporting as a collections, but in the comments, it says collections account.  It says that is open with a High credit of 952 and a balance of 965. There is no mention of OC.    Is this cause to say, I do not have an agreement with this creditor and they are falsly reporting information?  If I do, what happens next? 

Experian:  Actually says that the OC was Aspire.  But Midland  is reported as being opened in 4/06 this time, as an installment account, but in the comments it says that it has been in collections since 05.  Am I understanding this correctly?  They are saying the account was in collections a whole year before I even opened it with them or are they referencing the Aspire account?  There is no mention of Aspire except to say O/C, which is not mentioned at all on Equifax.  On Experian,  Midland seems to be adding interest or something.  The amount has gone up a $35  or so in a few days.  They are reporting me as actually having a credit limit of $952 but having a balance of $1003.

I guess TU is reporting it correctly.  There is a date opened, date reported, remarks simply say "placed for collections."  It says Aspire is the OC. 

Aspire itself has no listing on any of my reports.

Please help, I am trying to understand this.  Do I DV Aspire?  Even I do not know when I had this account.  Maybe it was 05 or 04.  Am I correct in believing that if I DV Aspire, I am asking them to show proof that I had this account?  What if they say, you have to take that to Midland?  Do I D/V them? 

I am willing to wait this out because, as I mentioned in another post about this, I used about $190, if that on this card.  The rest is fees, interests, and penalties.  Should I just call Aspire and see what they say?  If I do, I should not admit to know of this account, is that correct?

Truthe be told, I am OK with that balance sitting on my CRs for another 2 years or so because while I do not mind paying $200 or even $300, I do cannot  pay $700 in penalties, interest, and fees.  I just do not want it causing any NEW damage.  Just trying to figure out how I do that.  I am still new to all of this.  One day, I will be answering questions for Newbies, for now, I am simply befuddled!

I appreciate feedback and insight!

Thanks

Message Edited by RecoveringMyLife on 02-23-2008 04:30 AM

Message Edited by RecoveringMyLife on 02-23-2008 04:32 AM

[Anonymous]

CA seem to report all over the CR. Mine are exactly the same.

However, you can't DV  Aspire. You can DV Midland.

Do you know your actual DOFD? DOLA?

I would call up the CRA and ask for DOFD.  Does it say on any of your CR when it is scheduled to fall off?

[Anonymous]

1. I cannot find any contact info for Aspire Visa and it does not appear on my credit reports.

2.  Experian:   "Account History: Collection as of Jun 2007 to Dec 2007, Apr 2007, Mar 2007, Dec 2006, Sep 2006 to Nov 2006, May 2006 to Jul 2006, Aug 2005 "  It says date opened 4/2006 as an installment.  I know for CERTAIN I did not open any accounts with Midland or with Aspire in 2006.

3. Transunion:  " Creditor Name: MIDLAND CRED Original Creditor: ASPIRE VISA    Responsibility: Individual   Condition: Derogatory  Original Balance: $952  Balance: $994  Date Opened: 04/07/2006  Date Reported: 01/19/2008

4. Equifax:  Date of First Deliquency says  8/2005.  That could be correct; it might have been 0/5 or 04.  I know I did not open an account with them in 2006.   It says that this is an installment account and my last payment to them was in 9/06, which is not true.  These people have never gotten any payment from me and I stopped paying Aspire as soon as they started charging me $78.00 a month in fees.   It says that I have a scheduled payment amount of $0, Date opened = N/A, Date of Last activity says NA.

5. Found a hard copy of Exp.  they list this as falling off in Feb 2012.

6. Are you saying that I get the date of last activity from Equifax, Ex., and TU as opposed to getting it from Aspire?  Tried TU already today they are closed.  Can I get this information even if Aspire is not on any of my CRs?

Thanks for helping

Message Edited by RecoveringMyLife on 02-23-2008 12:00 PM

Message Edited by RecoveringMyLife on 02-23-2008 12:04 PM

Message Edited by RecoveringMyLife on 02-23-2008 12:05 PM

Message Edited by RecoveringMyLife on 02-23-2008 12:09 PM

Message Edited by RecoveringMyLife on 02-23-2008 01:04 PM