Help with Credit Card Charge Offs & Collections

[jemelton]

Here is my credit situation right form my credit report.......My scores are
Transunion 528
Experian 586
Equifax 538

Here are the items that I have that are negatively effecting me. Do I write validation letters on these accounts that are no longer open and are a couple years old or what can I do with these Credit Card accounts?

Citicard Limit $1500 Balance $1397 account open on 2 reports and closed on 1

0 30 day late 4 60 day lates and 3 90 day lates

__________________________________________________ _______________

Capital one Limit 750 Balance 728 account open on all 3 reports

5 30 day late 3 60 day late 2 90 day late there is 1 120 day late
__________________________________________________ _____________

Discover Card $1,000 limit Balance $256

3 30 day late 1 60 1 90 day late

I spoke with the CSR from discover the other day and said he just showed 1 30 and 1 60 on my file with them and the others would be gone next month (don't know if this is true or not)
__________________________________________________ ___________

Compass Bank MC $4,000 limit balance $0. account closed on XPN & TUC not reporting to the other at all.

XPN has 9 30 day late 1 60 & 1 90
TUC has 5 1 & 1
__________________________________________________ ______________

Compass VISA $3000 limit $0 balance only reporting to EFX acct closed

9 30 day late 1 60 1 90

__________________________________________________ _____________

Proviain (this account I REALLY want advise on if there is anything I can do)

$1,000 limit $0 Balance I called the other day and the account was not in their system anymore and I don't have the Account #. It was last reported in 2006 and the account is closed. It says "SETTLEMENT ACCEPTED ON THIS ACCOUNTCOLLECTION SETTLED FOR LESS THAN FULL BALANCE" Any advise on how to repair this account or is there nothing that I can do?
__________________________________________________ ______________

I also have 2 collections that I send pay for delete letters to last week and am awaiting response.

I know I have put a lot of info on here but want as good advice as this forum can provide. Any advise is GREATLY APPRECIATED and plan on becoming an active member of this forum and helping others as well.

[thegoldeneagle3270]

I havd the same problem with Providian, so called wamu/providian ,
I have a letter you can use: PROVIDIAN WOULD NOT REMOVE MY CHARGOFF UNTILL THEY RECEIVED THIS NOTICE,

HOPE IT HELPS,


[Date]
Re inquiry dated ___: account no. (none)
Greetings:
Thank you for your recent inquiry. This is not a refusal to pay, but a notice that your claim is disputed.
I demand that you produce a copy of the documentation that created the debt, such as the credit card agreement I originally signed, along with an account history. Without this documentation, and your continuing to report the account without providing proof that you owe the money, is a violation of the Fair Debt Collection Practices Act,

This is a request for validation made pursuant to the Fair Debt Collection Practices Act. Please complete and return the attached disclosure request form.
Be advised that I am not requesting a "verification" that you have my mailing address, I am requesting a "validation;" that is, competent evidence that I have some contractual obligation to pay you.
You should also be aware that sending unsubstantiated demands for payment through the United States Mail System might constitute mail fraud under federal and state law. You may wish to consult with a competent legal advisor before your next communication with me.
Your failure to satisfy this request within the requirements of the Fair Debt Collection Practices Act will be construed as your absolute waiver of any and all claims against me, and your tacit agreement to compensate me for costs and attorney fees.
Best regards,
[Subscriber]

CREDITOR DISCLOSURE STATEMENT
Name and Address of Collector (assignee):
__________________________________________________ __________________________
Name and Address of Debtor:
__________________________________________________ __________________________
Account Number(s):
__________________________________________________ __________________________
What are the terms of assignment for this account? You may attach a facsimile of any records relating to such terms.
__________________________________________________ __________________________
__________________________________________________ __________________________
Have any insurance claims been made by any creditor or assignee regarding this account?
Yes / no
__________________________________________________ __________________________
Has the purported balanced of this account been used in any tax deduction claim?
Yes / no
__________________________________________________ __________________________
Please list the particular products or services sold by the collector to the debtor and the dollar amount of each:
__________________________________________________ __________________________
__________________________________________________ __________________________
Upon failure or refusal of collector to validate this collection action, collector agrees to waive all claims against the debtor named herein and pay debtor for all costs and attorney fees involved in defending this collection action.
X________________________________ _________________
Authorized signature for Collector Date
Please return this completed form and attach all assignment or other transfer agreements that would establish your right to collect this debt. Your claim cannot be considered if any portion of this form is not completed and returned with the required documents. This is a request for validation made pursuant to the Fair Debt Collection Practices Act. If you do not respond as required by this law, your claim will not be considered and you may be liable for damages for continued collection efforts.

[Trish]

Originally Posted by jemelton

Here is my credit situation right form my credit report.......My scores are
Transunion 528
Experian 586
Equifax 538

Here are the items that I have that are negatively effecting me. Do I write validation letters on these accounts that are no longer open and are a couple years old or what can I do with these Credit Card accounts?

Citicard Limit $1500 Balance $1397 account open on 2 reports and closed on 1

0 30 day late 4 60 day lates and 3 90 day lates

__________________________________________________ _______________

Capital one Limit 750 Balance 728 account open on all 3 reports

5 30 day late 3 60 day late 2 90 day late there is 1 120 day late
__________________________________________________ _____________

Discover Card $1,000 limit Balance $256

3 30 day late 1 60 1 90 day late

I spoke with the CSR from discover the other day and said he just showed 1 30 and 1 60 on my file with them and the others would be gone next month (don't know if this is true or not)
__________________________________________________ ___________

Compass Bank MC $4,000 limit balance $0. account closed on XPN & TUC not reporting to the other at all.

XPN has 9 30 day late 1 60 & 1 90
TUC has 5 1 & 1
__________________________________________________ ______________

Compass VISA $3000 limit $0 balance only reporting to EFX acct closed

9 30 day late 1 60 1 90

__________________________________________________ _____________

Proviain (this account I REALLY want advise on if there is anything I can do)

$1,000 limit $0 Balance I called the other day and the account was not in their system anymore and I don't have the Account #. It was last reported in 2006 and the account is closed. It says "SETTLEMENT ACCEPTED ON THIS ACCOUNTCOLLECTION SETTLED FOR LESS THAN FULL BALANCE" Any advise on how to repair this account or is there nothing that I can do?
__________________________________________________ ______________

I also have 2 collections that I send pay for delete letters to last week and am awaiting response.

I know I have put a lot of info on here but want as good advice as this forum can provide. Any advise is GREATLY APPRECIATED and plan on becoming an active member of this forum and helping others as well.

Ok.....the first thing you want to do is read the beginner's section here. It has TONS of great information.

If you want to start repairing, the best way to start is by opting out and updating/deleting all personal info before you do any disputing or letters.

Those all look like OC accts.
Citicard - Is this out of SOL? Was it charged off?
Capitol One - goodwill letters
Discover - good deal.....if there's any way to get that in writing. DO IT.
Compass Bank MC - goodwill letters
Compass Bank Visa - goodwill letters (the two compass are at $0 balance because you paid, right?)

Providian - That's odd that it's not in their system...
Then they shouldn't be able to verify it when you dispute it with the CRAs.
That's what you should do first.

I know goldeneagle is trying to help but I would NOT use that letter.
That is a typical form DV letter meant for a CA.......not an OC.
You always want to send an OC a debt verification letter. Otherwise they will usually get ignored.

*no offense goldeneagle - I'm glad it worked for you......I would just not advise using that particular letter in this situation.

HTH

[jemelton]

I sent a pay for delete letter to DRS bonded collections about 2 months ago and all I got back from them was a summary of what I owed and now they send me statements (which they had never sent me before) It is like my pay for delete letter simply made them pursue me again. I called (which I have been told not to do) and the lady told me they will not do a pay for delete. Is this true and how would you guys proceed knowing what I have told you.

Thanks again!

[Trish]

What kind of pfd letter was it? Did you send in a check?
Were you offering to pay it off in full?....or for a lesser amount.

How old is the acct? Is it out of SOL?

Sorry......I know I have more questions than answers.....but I just need to get an idea of what's going on. Then I can maybe help you on your next step.
Some companies will flat out refuse and say it's illegal (blah blah......that's bs).......and some just need a little more "coaxing".

Oh and if you don't mind, let me know what state you're in as well..

[jemelton]

I am in Indiana....I owe $196 and I sent a letter (without a check) offering to pay $100. The collection is with Duke Energy and the lady at the collection place said Duke would not allow them to take less. Please let me know what other info you might need.

Thanks again.

[Trish]

I would try contacting the OC to see if you could pay them directly.
I had a very similar debt. It was Time Warner Cable. The OC wasn't reporting it.......a CA was.
So I called up TWC and asked them if I could please pay them because I didn't want to deal with the CA (I told them they were rude and obnoxious and I didn't want to talk to them anymore). They said yes........I got the amount and the address I needed to send payment to.

Then I wrote up a PFD letter (the first one I posted in the PFD thread) and sent a check in the amount requested with a restrictive endorsement on the back. Once I saw that the check was cashed I called them up and asked why it wasn't on my report. They tried to tell me they didn't get the letter (impossible......I stapled the check to the letter).....then they had to "research it". I even gave them the name of the person that signed the RR card. They were telling me they had no control over the CA reporting it (bull)........I told them if TWC accepted payment, then the CA no longer has the right to report it. I got the person's name I spoke with and kept calling back......got excuse after excuse.......I even got her email and started emailing her often. My final email was telling them that they were in violation and I was about to seek legal counsel. Then all of a sudden, the TL disappeared.

Now, even though restrictive endorsements aren't allowed in your state. I think this would work and is worth a shot......and for this small amount........they may not want to mess with you if you get really persistent.

Don't even mention getting it deleted from your CRs. Just ask if they can please recall the debt from the CA and if you can pay them instead. If the debt has only been assigned and not sold........then they should be able to do this. You may have to pay the full amount........but I would MUCH rather pay an OC a full amount than paying a CA half.

So.......sorry to ramble but I just wanted to let you know that with a little persistence, I think you can take care of it and get it removed from your reports.

[jemelton]

Ok, I hate to seem stupid here but I kinda need walked through this....

I just talked to Duke Energy and they said I could pay them directly.....They do not CURRENTLY show up on my credit report, DRS bonded does for this debt. I have my acct # for duke energy and the payment address. What should I do now? Should I send the collection agency a cease and desist? Just pay the bill and the CA will go away? I really want to get this off my credit report ASAP. Thanks for all of your help once again.

[Trish]

It's ok. No worries...

So..... now you've talked to the OC (Duke Energy) and they agreed to take your payment. That's great!

Send them this PFD letter:

Date
Your name
Your addy

OC Name
OC Addy

Re: Acct # xxxxxxxxxxxx

To Whom It May Concern:

I am sending this payment via certified mail #xxxx xxxx xxxx xxxx xxxx to ensure that you receive it.
Enclosed please find personal check #xxxx from < your name > in the amount of $xxx.xx made payable to OC.

By cashing this check OC agrees to the following terms:

1. Acct # xxxxxxxxx is considered paid in full.

2. Remittance is payable ONLY to OC and may not be signed over or transferred to < CA name > or any third party collection agency.

3. The debt will be recalled from < CA name > and any collection activity will cease and desist.

If these terms are agreeable to the aforementioned parties, please accept the enclosed check in the amount of $xxx.xx.

Please note that cashing the enclosed check will bind you to the terms set forth in this letter.



Best Regards,

Your name

Be sure to modify and put in the correct OC/CA names.
Then on the back of the check........just under the area where they have to endorse it......you write "For Deposit Only to the Account of Duke Energy" . This way they CANNOT transfer the check over to the CA. Which means the CA doesn't get the money and they can't report it as paid on your CR.

If the CA doesn't get paid......then they no longer hold the right to collect on or report the account.

VERY IMPORTANT: Staple the check to the letter......and then make a photo copy of the letter with the check stapled to it. This is solid proof for you.......then they can't say they didn't get the letter.......or there wasn't a letter.

Be sure to send the payment CMRR. This way you can track it and have proof of them receiving..........AND you have the name of the person that signed for it.

And like I said.....it may not be easy......you may have to contact them and light a fire under their arses.......but be persistent and it should work out just fine for you.

Let me know if you have any more questions.

[jemelton]

I just got a letter from a CA about state taxes. I guess the state of Indiana sends back taxes to a CA now. Since this was just sent to a CA in March, is there a way to have this now show up on my credit report. The state of Indiana still says I can pay them online. Should I send a cease and desist to the CA and then just deal with the state.