beware of collection accounts reporting as a Open TYPE Tradeline

[Anonymous]

Asset Acceptence's record  is officially a ball of cow manure, but they too - deleted the Pay History Segment on the record. 

I recieved an alert through their online monitoring service, and when you expand the details - more wonderful data is avaialble. THIS detail, is not seen on even the printed reports. 

Company/Account Name:	ASSET ACCEPTANCE CORP.
Company Address/Phone:	Asset Acceptance,Llc, PO Box 2036, Warren,  MI 480902036 (844) 236-1959
Account Number:	BANK OF A
Date Opened:	09/01/11
Last Activity:	08/01/09
Type:	Open Account
Rate/Status:	At least 120 days or more than for payments past due
High Credit:	$2,064
Terms:	N/A
Balance:	$0
Past Due:	$0
Most Recent Date Reported:	06/01/15

[kennerchick]

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@Anonymous wrote:
Hi there, the first thing I would do is get your printed reports directly from the credit reporting agencies.

The reason I say this is because any other view especially only, is ..in my experience...incomplete and also may have views layered on them online that can distort what you think you are seeing. Experian's product online, and transunion do not show enough detail.

After that is done, pay close attention to equifax, first as that report will have the most information.

If you can scan/photo and share ....I can try and help based on my progress so far.

It's the combination of data that is there, that will help find the issues. If you can .... Equifax has a trial membership...sign up get the report and then cancel.

Please share an update

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Hi there,

Here's a copy of my husband's Transunion report.  I need to mail off info for his Equifax and Experian as they will not let us see it online through annualcreditreport.com. 

(Mod Cut - Unable to edit out personal info you are free to repost with all identifiable information removed.)

[Anonymous]

Trans Union is the best of the Major CRA bunch imo  - and to me, this looks accurate. Others may want to chime in with their observations, but

1. I am assuming that the accounts are under the COLLECTION headers on this report for Trans Union - if so, I believe there are limited data issues you will see 

2. I am also assuming all of them have been disputed in 2015, because of the last update DATE, and a change in this DATE reflects a change on the record even if it is simply comments 

3. Because of the lack of traditional Credit  Account fields (like a limit, high balance,  etc) I am believing this is under the COLLECTION heading

Based on my findings only, Debt Collectors Can Have an "OPEN"  ACCOUNT TYPE, according to the METRO2 file specs, so long as the other data they send does not use certian vauies - like an invalid PAY STATUS (all of them have "In Collection") to insert a COLLECTION account as a Credit Grantor Account. 

I will also assume that these are within the COLLECTION section of this report? 

You may want to PULL EQUIFAX, and EXPERIAN - Transunion so far has had the least amount of error with the PRINTED reports

[Anonymous]

Also that "Account Type" = OPEN, is not used to state whether the account is OPEN Line of Credit or a CLOSED Line of Credit. You will see Revolving, Installment etc in the Account tye field which is supposed to be used to simply define the type of credit line this account is defined to be. A DATE CLOSED would tell you whether the account is OPEN or Closed, and potentially (I cannot prove this but I believe) the PAY status as well. 

OPEN simply means that like american express, or utility companies - and in the case of a collection account - what you owe is due when you are sent the bill or when there is a demand for payment. 

Debt collections will send you a bill for ALL of whats due on a regular basis - not a portion. 

This is my opinion, but ---- google will back me up :-). 

[kennerchick]

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@Anonymous wrote:

1. I am assuming that the accounts are under the COLLECTION headers on this report for Trans Union - if so, I believe there are limited data issues you will see
It says Adverse Accounts

2. I am also assuming all of them have been disputed in 2015, because of the last update DATE, and a change in this DATE reflects a change on the record even if it is simply comments  Nope I didn't try to dispute them as of yet. They are updating monthly!

3. Because of the lack of traditional Credit  Account fields (like a limit, high balance,  etc) I am believing this is under the COLLECTION heading

Based on my findings only, Debt Collectors Can Have an "OPEN"  ACCOUNT TYPE, according to the METRO2 file specs, so long as the other data they send does not use certian vauies - like an invalid PAY STATUS (all of them have "In Collection") to insert a COLLECTION account as a Credit Grantor Account. 

You may want to PULL EQUIFAX, and EXPERIAN - Transunion so far has had the least amount of error with the PRINTED reports
I need to make copies of ID and SS# to get those, AnnualCreditReport.com and the phone won't let us get them.

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[Anonymous]

Its never good to poke a sleeping giant, but.....sometimes it works wonders. 

After filing so many complaints my head literally hurts --- Guess what? 

AALLC - has agreed to delete this account, from all CRA's.  

Equifax is playing chicken --- or --- are just fools. 

Their response is below - and is alsmost as classic as you can get. 

Please be advised that Equifax will not respond to this complaint via the portal as we suspect that it may have been submitted using a credit repair company. The format and verbiage of this complaint is similar to many other complaints that we have received from consumers utilizing the services of a credit repair company or 'credit clinic'. To ensure the privacy of our response, we will send the results of our reinvestigation to the consumer's current address utilizing our normal dispute process. "

[Anonymous]

Here is the verbiage from the last complaint through the CFBP --- after EQ tried to not respond to my dispute. 

I attest that I, ONLINECREDIT NEWBIE, both own this account and - am submitting on behalf of myself through the CFBP for all complaints. There is no Credit Repair agency involved, and there has not been one submitting any disputes or other information --- on my behalf.
I will expect that with this deceleration, that you allow for the CFBP to simply follow procedures in both the acceptance of a dispute and then, the response to the same in this portal.

I OWN this account, and do not dispute its ownership. Classification of this issue as anything else, is against all rules and then laws, that govern your compliance to react to a consumer inquiry, as Equifax has done 6 times in 2015 alone.

This complaint/dispute is regarding the ACCOUNT INACCURACIES/STATUS. Please research its details in that manner. Attached are screen shots of both the current status and previous status of the Asset Acceptance(AALLC) account on file with Equifax. This account remains - INNACURATE and INCOMPLETE, and by law must be deleted.

Please do not manually "update" the record any further, in a Equifax decision to attempt to fix this record, as the attached history will reflect - and the existing CFBP complaint about this damaging activity will reflect - is destroying my credits scores/history single handily.

The following issues still exists - with NO response from this agency on the issues brought forth in this complaint, and even with numerous phone calls and written disputes. have been provided.

1. AALLC, is a CLOSED collection account. Please see the terms confirmed by AALLC,, in the attached letter from their Attorney's. This account continues to remain OPEN, with no DATE CLOSED. Equifax, has failed to update the status of this account and include a DATE CLOSED value, and this account is inaccurate.

2. This account is inserted into my credit record, as a Credit Grantor - and should not be, please see the attached sample Equifax report (from Equifax'd published and trusted website) that displays how they are expected to report COLLECTIONS, in the COLLECTIONS segment of a credit report, and for ALL collections. Please see attached - Sample Credit Report - Equifax (its own published document) for this CRA's standards for a credit report.insertion of a collection account

3. Please also see the attached letter from AALLC's attorney - asserting their reporting to this CRA as accurate, and also acknowledging it is incorrect - but, because they have not reported it since 2013, disavowing any responsibility for its inaccuracy. That file is HOLLAND +11 - June 15th

4. According to the CDIA and the CRRG, and the METRO 2 file specifications, COLLECTION accounts are forbidden to use or store, ACCT TYPE's that are =
48 -- Collection Agency/Attorney
77 -- Returned Check
0C -- Factoring Company Account (includes Debt Purchasers)

This account lacks any of these dedicated Debt Collector values for their use only.

Please see the attached Metro2 layout specification, pulled from a search online.
Please also see the attached - credit report history of this account, and the manual changes done solely by Equifax.

5. Equifax has added a PAY HISTORY (deleted, added, re - added) AALLC has NOT reported any changes since 20013, and a COLLECTION ACCOUNT is not allowed to store "Rate/Status" of 120 days past due. This value is dedicated to Credit Grantors, as per the CDIA, CRRG and the Metro2 File specification standards.

File Name EQ - Past Due 120.


6. AALLC - cannot extend credit - and CANNOT be a RETAIL credit grantor - please see the attached history for the data elements that are used, in direct contrast to published file and usage (CDIA) standards.

This account is so INCORRECT, the attempt to manually manipulate data to make it look more accurate - is an epic failure on their side.

Delete the INNACURATE and INCOMPLETE Accounts

[Anonymous]

Update....The tradeline credit grantor item from Asset Acceptance, is now gone from all credit reports. EQ is horrendous, but they finally deleted it after I sent them their own sample credit report.....what a ride!!

Still not done..... ...if anyone wants the verbiage used with the cfbp portal for this scenario...please feel free to ask.

[Imperfectfuture]

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@Anonymous wrote:

 Denial is the first step ---what they havent addresed is their reposibility to FIX these data issues, instead they blame it on the CRA's - not done yet 

Mod Cut -

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I don't know if you copy and pasted, please remove personally identifiable information from report.

[Imperfectfuture]

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@Anonymous wrote:

You should copy and paste the account details to make it easier to confirm what you see. 

Update from Equifax - appears as though Eq is tryng to fix/update the OC account, but ---- the changes are so innacurate it made my score drop 60 points, in a single day. Note the Date reported date - and the CO in March of 2015,,,,,,,,,,,,,,,***sigh

Someone said its ignorance and inept staff - I agree. 

My Report on June 16th 

BANK OF AMERICA		06/01/2007	$0	03/05/2015		CHARGE-OFF	$0
BANK OF AMERICA P.O. Box 982235 El Paso, TX-799982235   Account Number:   Status: CHARGE-OFF  Account Owner: Individual Account.  High Credit:   Type of Account : Revolving Credit Limit: $0   Term Duration:   Terms Frequency: Monthly (due every month)  Date Opened: 06/01/2007   Balance: $0   Date Reported: 03/05/2015  Amount Past Due:   Date of Last Payment: 05/2009  Actual Payment Amount: $200   Scheduled Payment Amount:   Date of Last Activity: N/A Date Major Delinquency First Reported: 01/2010  Months Reviewed: 51  Creditor Classification:   Activity Designator: N/A  Charge Off Amount:   Deferred Payment Start Date:   Balloon Payment Amount:   Balloon Payment Date:   Date Closed:  ?????????????? Type of Loan: Credit Card  Date of First Delinquency: 08/2009  Comments: Consumer disputes - reinvestigation in progress   81-Month Payment History Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2015 * *                     2014 * * * * * * * * * * * * 2013 * * * * * * * * * * * * 2012 * * * * * * * * * * * * 2011 * * * * * * * * * * * * 2010 * * * * * * * * * * * * 2009 * * 30 * * * * * * * * * 2008           * * * * * * *

My Report today 

BANK OF AMERICA

P.O. Box 982235
El Paso, TX-799982235
 

Account Number:		Status:	CHARGE-OFF
Account Owner:	Individual Account.	High Credit:
Type of Account :	Revolving	Credit Limit:	$0
Term Duration:		Terms Frequency:	Monthly (due every month)
Date Opened:	06/01/2007	Balance:	$0
Date Reported:	06/17/2015	Amount Past Due:
Date of Last Payment:	05/2009	Actual Payment Amount:	$200
Scheduled Payment Amount:		Date of Last Activity:	N/A
Date Major Delinquency First Reported:	01/2010	Months Reviewed:	51
Creditor Classification:		Activity Designator:	Transfer/Sold
Charge Off Amount:		Deferred Payment Start Date:
Balloon Payment Amount:		Balloon Payment Date:
Date Closed:	??????????????	Type of Loan:	Credit Card
Date of First Delinquency:	08/2009
Comments:	Consumer disputes - reinvestigation in progress, Consumer disputes this account information

81-Month Payment History

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These happened when I disputed Merrick and Credit One for inaccurate reporting.  Credit one never filed a CO date, so when disputed, updated to September 2014 for a DOFD 2/2014.  Got experian to delete file for bad updating (filed cfpb dispute, noting incorrect Charge off date), and EQ early exclusion by one month (it was already off TU).