Cap1

[Trish]

Yeah........if you want this removed from your CR, just dispute it with the CRAs. It's pretty easy to remove an AU acct because you are not financially obligated AT ALL.

To be able to actually have the OC remove you as an AU, you would need to have the primary acct holder do it (for best results). So if you really want to be removed from the acct easily, have your husband do it. He can probably just call them up and do it.

[CreditCrisis]

gotcha ok i will have him do that. thanks!!

[jlyriq]

Trish i tried the link you put up and it didnt work

[jlyriq]

ok so i looked these up and found that these either don't have a license or there license is questionable (like different name, etc.)


Asset acceptance

West asset management (verified with cra and didn't with me)

[CreditCrisis]

okay today i received two different letters back from cap1 both saying that they apologize for the inconvenience and they will be deleting the account asap.

both of the accounts have already been sold to protfolio recovery. so...do i now send a copy of the letters to portfolio? do they have to remove it too?

thanks

[jjgross]

Originally Posted by CreditCrisis

okay today i received two different letters back from cap1 both saying that they apologize for the inconvenience and they will be deleting the account asap.

both of the accounts have already been sold to protfolio recovery. so...do i now send a copy of the letters to portfolio? do they have to remove it too?

thanks

Not necessarliy,Where they sold or assigned to portfolio.But they will have to provide info on the account.And if they don't have the info where are they going to get it from,it seems like cap1 is bowing out.I hope Trish can chime in on this

[Trish]

If it is Crap1's error.........and it was not supposed to be reported in the first place, then the CA has no right to report it either.
So you should dispute the CA acct with the CRAs and at the same time send the CA a letter with a copy of Crap1's letter and demand them to discontinue reporting to the CRAs.

[CreditCrisis]

thank you! will do

[cstar33]

CAP ONE

Address:
PO BOX 30281
SALT LAKE CITY, UT 84130
No phone number available Account Number:
XXXXXXXXXXXXXXX....

Address Identification Number: 0013917140

Status: Paid,Closed. $726 written off.



Date Opened:
08/2001
Date of Status:
02/2007
Reported Since:
08/2001
Last Reported Date:
02/2007

Type:
Revolving
Terms:
N/A
Monthly Payment:
$0
Responsibility:
Individual

Credit Limit:
N/A
High Balance:
$785
Recent Balance:
N/A
Recent Payment:
N/A


***So my question is, how can it report Closed, Paid and also Written off at the same time? Can I dispute this and if so how?

Thanks so much!

[Trish]

cstar,
When a company charges off/writes off a debt, it is considered closed.
CO is just an accounting term. After a certain period of time, they write the amount off and claim it as a loss for tax purposes. So that is why it can be reported as closed/paid/written off.

They can still try to collect on it.........and if they do, they will most likely continue reporting a balance. Once they sell it to a CA, they usually zero it out.

Hope that makes sense.