First Premier Charge Off

[Chadius]

I have a charge off with First Premier from 2004. Has anyone had any luck with GW towards removing the major derog? If so, would anyone be willing to message me a high up person to GW?

[Anonymous]

Is this a paid CO?  If not I would not even attempt it.

If it is paid there is nothing to lose by sending a GW letter.

Check your PM for the name of the CEO.

[Chadius]

It is unpaid. They sold the debt to Arrow Financial Services.

[Chadius]

Thanks Guiness56.

[Anonymous]

You are welcome.

[creditisbetter2]

Hello Chadius,

I have two charge offs from First Premier and they've both gone to Arrow and I have not paid either of them.  They were debts from 2003 and they are scheduled to fall off early next year so I have decided not to make any GW attempts at this point. 

[Anonymous]

Well Here is the letter they send out thought people would like to see it. I have tried with emails and letters to CEO etc. I always get the same response today I received a letter saying they will no longer make any more correspondence with me related to the matter since it has already been addressed. So I say good luck and keep trying I am getting no where and this is my last baddie on all 3 of my reports.

Dear whoever:

 This letter is in response to the correspondence we received from you on DATE. You requested that we make a goodwill adjustment and remove your First PREMIER Bank account ending in XXXX from your credit report.

First PREMIER Bank offers credit cards to individuals with less then perfect credit. The fees associated with the credit card are assessed as a condition of extending the credit card, as a condition of access to the credit card account or for continuing the account under our credit program. Federal law dictates the for and content of the disclosures on credit card applications and solicitations.

This account was set up for you on DATE, and used for purchases through DATE. Due to no payments being received, the account was charged off on DATE, with a balance of $XXX.XX.

While we understand that our customers may miss payments due to unforeseen circumstances, First PREMIER Bank remains obligated to report factual information to the credit bureaus.

If First PREMIER Bank finds that there is inaccurate information on a credit report, an update is sent to correct it. Negative information is removed from credit reports only  if it was caused by a documented bank error or fraud. We do not change accurate information and we do not remove negative information from am credit report in exchange for payment.

In DATE, this account was paid in full. This account is accurately reporting to the credit bureau as: charged off and paid in full.

If you have any further questions, please contact me at X-XXX-XXX-XXXX, ext. XXXX. Thank you.

Sincerely,

XXXXX X. XXXXXX/XX

Directing Officer, Business Communications

PREMIER Bankcard, LLC

ADDRESS

This is they statute that basically says they do not have to report anything: 

FCRA 623 (a) 7 (e)

"Use of notice without submitting negative information. No provision of this
paragraph shall be construed as requiring a financial institution that has
provided a customer with a notice described in subparagraph (A) to
furnish negative information about the customer to a consumer reporting
agency."

[daisyduke]

that is the IDENTICAL letter I rec'd from First Premier as well when I tried to GW them for a CO! oh well. I keep trying though. Every week, different people. Keep my fingers crossed...FP is a SMALL company, i think they only have about 100 employees...