Letter from chase regarding POA

[wdsman1]

In 2006 I was involved with a debt settlement company. I cut ties with them when I was sued by a creditor and had to get an attorney. I had several accounts that were set up for the settlement program. If I knew what I knew now I never would have gone that route. That account has since been settled and removed from my credit report. When I signed up I apparently signed a limited POA. Since I disputed and 623 investigated Chase they say that have a record of POA for the debt settlement company. They also inclosed a affirmation of fact to be signed that says I never applied for the card, never gave them any information for the purpose of obtaining credit with chase. The other option is to sign that I did apply for the credit card which I disputed.

It says at the bottom of the letter that if I do not respond they will conclude the investigation based on the facts they have and they will continue to report the information to the credit bureaus.

I attempted the call the debt settlement company but I believe they are no longer in service.

If I sign that it is not my debt it will go to the fraud dept and they "may" contact me.

Should I send Chase a letter asking for a copy of this POA that they say they have? Also Chase was not settled it is listed at as a charge off currently.

[J.A.]

Yes, definitely ask for the documentation.

[wdsman1]

How exactly should I word asking for documentation? Will it cost anything?

[J.A.]

Just write a letter to them stating that since they say they have a POA, you'd like to see a copy before you do anything and send it certified. They contacted you, so it should not cost anything. They have the burden of proof.

[Lian]

I am confused. You say you entered into a settlement agreement, paid the debt, and that it has now been removed from your CR. What is the relevance now of the credit repair organization, or any power of attorney you issued to them? What is still in your CR? What did you dispute, and who disputed it, you or the credit repari organization? Why is the OC still requiring information regarding a dispute on information that you say has been delted?

On the legal front, a credit repair organization is NOT authorized to file a direct dispute on your behalf, even if they have a power of attorney. The implementing rules for the direct dispute process specifically exempt credit repair organizations from filing a direct dispute on behalf of a consumer. See 16 CFR 660.4(b)(2).

Can you provide information on what is disptued, and by whom?

[wdsman1]

I signed up for a debt settlement company. I had 4 accounts as part of the debt settlement agreement. They settled one account which is still listed as negative and has been verified on my account after CRA dispute and 623 dispute.

After settlement of that account Citibank filed suit against me. It was settled by my attorney before our last court date. It was also deleted from my credit reports which was a nice surprise.

The chase account currently has a balance of roughly $4800 and is currently charged off. They sent me my last 3 statements which actually show fees and interest being added after the account was closed by chase and charged off. I guess when I signed up for the debt settlement company I allegedly signs something that gave the company power of attorney to negotiate the debt on my behalf. The whole thing was a big mistake.

I am planning to type up a letter tomorrow requesting this power of attorney that they say the debt settlement company sent them.

So this is what the debt settlement got me....well first of all they got me sued. They settled one card which is still a negative on my credit report, the one I was sued for was settled after 2 years of back and forth disputes between my attorney and citibanks attorney, the third account has recently been disputed and removed, and then there is the chase account which still has a balance and is reported as a charge off.

Hope that was clear to everyone.