Hi, I have worked the last three years to keep my payments on time and paid everytime. I had no credit remarks thanks to that. I stupidly took out a loan from Republic Finance last Christmas for $600.00 and paid double payments to pay it off early. I paid it off (I thought!) in July and didn't think of it. On October 24th, I get a phone call from them and they say I owe $275.00. I told them I didn't believe it because I wouldn't let something like that jeopardize my efforts to improve my scores after 3 years!
Spoke to that one's manager, she said I owed 75.00 and then a third person stated that I owed 220.00. After all this, I asked them to send me a letter with the documentation of my payments so I would know exactly what I owed. They mailed a letter to me, they claimed I missed my first payment which was in their words "reversed" when they tried to draft my checking account. They weren't supposed to draft a payment until the 18th of January. That was the contract. It said so on their own letter explaining(
?) how they came up with their numbers.
SO I waited for another explanation and didn't get one. I wasn't satisfied that the amount was correct. I wasn't told anything else and while I was waiting, they reported me to the credit bureau as over 30 days late. That had a devastating effect on my equifax and experian scores.
I wrote them a letter offering to pay more than the amount they claimed I owed if they will remove the baddies. Waiting on a response but i mailed the letter the 7th.
In the mean time, I sent them another letter asking if they would consider a reasonable accommodation as I have memory problems due to medications and medical condition. I asked that they write to me versus contacting me by phone. I am considered disabled and I mailed the documentation with my request. I asked that they relax their reporting policy due to my problem understanding what the problem was. Still waiting for a response there too.
I need that off my credit report before the mortgage company re-pulls my credit report in about 6 to 8 weeks.
Any advice? If they were to remove the bad remarks would my scores rebound to where they were before? Please help I'm so upset.
