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What options do I have?

Neverturningback
New Contributor

What options do I have?

After 3 GW attempts, I recieved a letter dates 3/25 from synchrony stating they will move a charge off that was sold to portfolio recovery. I have already paid portfolio recovery.

As of today, it has not been removed. I disputed it with a copy of letter, but it came back verified.

What should I do now?
Starting Score: 450 Experian (Nov. 2018)
Current Score: 623 Experian 655 Transunion 618 Equifax (6/19/19)
Goal Score: 650 For all 3 myfico scores


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6 REPLIES 6
RobertEG
Legendary Contributor

Re: What options do I have?

That have stated that they are agreeing to voluntary deletion.

Neither the sale of a debt after a charge-off nor the ultimate payment of a debt is basis for required deletion of any derogs reported by the creditor that occured prior to sale of the debt.

There is no inaccuracy in the reporting, and their statemnt that they will grant a good-will deletion is not an enforceable contract, and not basis for a dispute of its accuracy.

 

Your proper course is to politely contact the creditor and remind them of their voluntary agreement to report a good-will deletion.

They are under no time limit to report deletion of accurate information.

Message 2 of 7
howellco2
Frequent Contributor

Re: What options do I have?

By disputing it you may have sent it to a rep when feels like it should not be deleted and shot your self in the foot so to say




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Message 3 of 7
Jago22
Community Leader
Super Contributor

Re: What options do I have?

@Neverturningback   Congrats on getting them to send you a letter with that info, i've been trying the same for years with no luck after paying.  I'll have to live vicariously thru your success with Sync Smiley Happy

 

It may just take time, but you could call them to check on it as well. 





Message 4 of 7
Morpho
Valued Contributor

Re: What options do I have?

If I am understanding you correctly I think the issue is PR is reporting the debt on your report but you have a goodwill deletion promise from Synchrony. Unfortunately PR doesn’t have to delete based on a promise from Synchrony. You will have to pursue goodwill letters with them. If you had gotten Synchrony to “recall” the debt and pay them, then you would be in a much better position. I was able to do that with small collection earlier this year.

Message 5 of 7
simplegirl
Valued Contributor

Re: What options do I have?

Portfolio deletes on their own I think they’re saying synchrony hasn’t deleted yet but it can take up to 60 days maybe more and your dispute may have set you back to the point of them maybe not honoring it but hopefully that’s not the case.







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Message 6 of 7
Neverturningback
New Contributor

Re: What options do I have?

Portfolio has deleted already. I'm speaking on synchrony deleting. The dispute may have set me back. I started the dispute last week. I thought with the letter as proof, it would be takin off, especially since it has already been 50 days.
I'll try contacting synchrony on Tuesday to see if they can look into it. Having the letter may help my case. Wish me luck!
Starting Score: 450 Experian (Nov. 2018)
Current Score: 623 Experian 655 Transunion 618 Equifax (6/19/19)
Goal Score: 650 For all 3 myfico scores


Take the myFICO Fitness Challenge
Message 7 of 7
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