I sent a GW letter last month and it came back returned to sender,so is anyone has any address, I'd love to have it too. ... View more

@Anonymous wrote: HELLO TO ALL AND I AM NEW TO THIS SITE. I AM REBUILDING MY CREDIT. BEFORE I CHECKED IT I SIGNED UP FOR THE FRESH START PROGRAM FOR A OLD ACC WITH FIRST NATIONAL CONS BANK. AMT OWED 424.00 I MADE 3 PAYMENTS ALREADY TOTALLING 60.00. RECENTLY I CHECKED MY CREDIT REPORT TO FIND OUT THAT MY CREDIT WAS CLEAN SO THE DEBT WAS REMOVED AND IM NOT SURE WHEN. IM 27 AND OPENED THE ACC WHEN VERY YOUNG. I READ SOMEWHERE ABOUT REAGING AND RESETTING SOL DID I DO THAT TO MYSELF? I HADN'T MADE A PAYMENT IN TWO MONTHS NOW AND THEY CALL QUITE OFTEN STATING I STILL OWE THE DEBT. I DONT HAVE MONEY TO THROW AWAY BUT WILL PAY IT IF YOU GUYS THINK I RESET THIS DEBT BECAUSE I DONT WANT THEM THROWING ANYTHING BAD ON MY REPORT. ANY ADVICE? THANKS   I had a imagine cc that charged off, and Jefferson offered me the same deal.  Once I accepted, the imagine account fell off all 3 reports.  The balance was $655...they offered to write off $196, and I had to pay $236,and the remaining balance of $223 was transfered to the new card (which started with a limit of $255) once the $236 was paid.  I have since paid the $236, and I'm just about done paying the new card to $0...eligible for CLI after 4th statement.  IMHO, I thought this was a good deal, and if I were you, I would try to call to see if thw agreement can be reinstated.  I think that there may have been an agreement that Jefferson Capital had with the OC for the OC acct be removed from the CR's.   Good luck...I hope you can get the agreement reinstated. ... View more

@valley_man0505 wrote:   Do you mean that AA is on the report, but just not showing as a collection?  Or aren't they even on the report? Right...AA is on the report, but not reporting as a collection. It does report as past due, though ... View more

@valley_man0505 wrote: I feel the need to post here to say that I also agree NOT to send a C&D letter if the account is in SOL, which it obviously is since you have been making regular payments (remember, SOL starts from DOLP).  If you send a C&D letter to a CA, you not just "inviting" them to sue, you are forcing them to sue.  Once you send a C&D letter, suing is the ONLY option the CA has left to collect from you.   Also, all the talk about working only with HSBC seems moot at this point since they are reporting a $0 balance.  You could call them to see who they sold the account to, but beyond that, there isn't anything HSBC can do anymore since it appears that they sold the account.  If you do this, also keep in mind that if HSBC tells you they sold it to someone other than Asset Acceptance, that doesn't mean AA isn't the rightful owner NOW.  I called an OC once about a debt once to get DOFD.  While on the phone with them, they told me who they sold the debt to.  However, that was worthless information since the debt had changed hand 3 times already since the OC sold it (once they sell it, they have no idea what happens to it after that).  In fact, the CA they sold it to didn't even exist anymore.   From the way it sounds, the most likely scenario here is that Asset Acceptance owns the debt, and the Ocwen is collecting on their behalf.  It is not uncommon for a CA to buy an account and assign a different CA to the actual collection activities.  This would also explain why Asset is not updating the balance--they probably will not do so until the ENTIRE balance is paid unless you specifically request them to.  What happens a lot is the CA that is actually collecting does not even give the JDB the amount collected until they have it ALL.  Also, keep in mind that a $0 collection hurts just as much as a $10,000 collection, so updating the balance on a monthly basis could actually hurt you since the account looks more "fresh" in the scoring algorithm.  I would actually prefer if a CA didn't update until I PIF'd (if they insisted on updating at all).  If you want them to update the balance simply to prove to someone looking at your report that you are in payment arrangements, then try to get a letter saying so instead of trying to get the balance updated on your reports. Would that be the same if AA is not listed as a collection account?  According to all the CR's he has no collections on his reports(although we know these are collection accounts listed.  They are listed as a paid derog, paid after charge off, but because they are not listed as collections or public record he did actually gain some points as the balances came down...BTW, we have one joint account that went into collections--also with AA...it was for a target card..on DH's report it was just listed as a open account that went bad, but on my CR's it states collection account--he gained points when it was paid, I did not) ... View more

Ok...thanx for all of the responses...alot of really good advice given.  We will contact HSBC to see if they still own the account.  We will also DV Asset Acceptance because like I said, I'm not sure if DH ever heard from them.  At this point I don't see the need to send a C&D letter because we are not having any problems with CA's calling and harrassing us.  Yes Ocwen did say that were ready to take legal action, and we did not want to be sued, but the main reason DH entered into a payment aggreement(which he did manage to get in writing) was because he was going up for a police job and his recruiter told him that he needed to be in repayment before he could be hired.  The only problem DH is having is with Asset Acceptance reporting either 1)at all or 2)an incorrect balance..Hopefully a DV will = a deletion, and ocwen will never report...we shall see...I will keep everyone posted...Thanks again for all the helpful advice ... View more

@Anonymous wrote: Is Ocwen collecting for Asset or do they own/been assigned the account from the OC? Is the OC reporting? If so, are they reporting a balance?       OC is reporting with a $0 balance, Ocwen stated when they first called that they were calling on behalf of HSBC consumer lending...I'm not sure if DH has never actually received any calls or correspondance from Asset Acceptance ... View more