Not understanding items on my credit report

Guest 0.10 Dollars($)

I found in the interm that Washingtion Mutual had sold all of their accounts to an outfit called SST and people were having a hard time with them.
However, 2 year mystery of where this account was.
Plus time-barred.
I will DV them and go vrom there.
Thanks!

jameshogg

Yes Patricia, they must have raised the due amount because of the fact that they wanted to bring this account into Diana's notice. But that isn't fair.

Diana, if Washington Mutual has sold off all debts to SST, then you'll have to talk to SST representative and then request them for validation of the debt as per the FDCPA.

By the way, do you doubt the charge-off from 2003-2005 as reported on your account, although you haven't been through it?

Thanks

fireyone_02 · Joined: 20 Mar 2008 Posts: 280 2.03 Dollars($)

Don't they always keep raising the amount due? I have had an account in collection for years and everytime a new junk collector buys the debt they add on enormous fees. The longer a debt is out there and the more junk collectors that buy it seems lik,e they get worse as they go. Some are really quiite ruthless.

Niicss · Joined: 03 Oct 2005 Posts: 927 137.44 Dollars($)

Yes sometimes raise the due amount. One of friend had a account in the collection and they doubled his due amount. But then he negotiated with them and the problem was fixed. But all the collection agencies are not so helpful.

jbarto65 · Joined: 04 Nov 2007 Posts: 627 0.00 Dollars($)

They do tack on the fees each time, gets a little frustrating, hopefully you can negotiate out some of the fees. Most of the time junkers will, they don't have much invested, they buy this debt for pennies on the dollar.

If you pay it off it will not raise your score unless they delete it from your report, but my question is can they erase all they hands that it went through before to include the original creditor? If it went through 5 companies and the 5th one wanted to be cooperative, do they have the power to erase 1-4???? I doubt they do, since they are not the same companies?

fireyone_02 · Joined: 20 Mar 2008 Posts: 280 2.03 Dollars($)

This is exactly what I am facing. It really no longer even effects my credit. Now I'm sure someone will say it still does but I have had such good inquiries on my reprot since then that I no trouble getting approved at decent rates.recently I took out a dell account and my rate was really low for the lifetime of the loan. I am paying it off this year just to get rid of the payment. They can't erase all the mumbo jumbo and they won't make a good bargain, plus it falls off shortly. They have already resold it again for the second time already this year so I think I've made my decision on this one.

jbarto65 · Joined: 04 Nov 2007 Posts: 627 0.00 Dollars($)

Sounds like you are doing okay then fireyone, I guess you are in a position where you don't have to worry about it. I would probably just wait until it drops off too if it were me.

fireyone_02 · Joined: 20 Mar 2008 Posts: 280 2.03 Dollars($)

Thats what i am gonna do. I figure there will always be someone out there to ring my phone off the hook...fundraisers...telemarketers.

Guest 0.10 Dollars($)

Okay this is how it appears on my CR reports:
I just really have a question based on these facts below:

I checked my 3 CR reports and found:

Providian
Balance (nothing here)
Date updated 10/2002
High balance $1,888
Credit limit $1600
Pay status 60 days as of 10/02
Account type revolving
Responsibility Individual
Loan type credit card
Max. delinquency 60 days in 10/2002
Estimated dated this will be removed 06/2009

Presidio/cm listing as Date opened 2000.
Reported since Jan.2001
Date of status Apr.2005.
Last reported status Apr.2005.
Type Revolving. Terms NA.
Monthly payment NA.
Responsibility Individual.
Credit limit or original amount $1,600.
High balance $2,861.
Status Transferred, Closed/account charge off $2,861 written off. Charge Off as of Nov 2003 to Apr. 2005. Creditor's statement Purchased by another lender.

Then walks in Midland (M.C.M.)
same Providian card different account numbers:
Date opened Sep.2007
Reported since Nov. 2007
Date of status Nov 2007
Last reported Dec. 2007
Responsibility Individual
Credit limit or original amount $2,882
High balance NA
Recent Balance $4,139 as of April, 2008
Type of Account: Open
Status: collection account. $4,100 past due as of Dec 2007.
Collection as of Dec.2007, Nov. 2007.
This account is scheduled to continue on record until Jan 2010.

I never got anything from 2004 to 2008 on this (that I can recall).

SOL is 4 years in CA.

But I know it can be reported for up to 7.5 years on CR, it runs out on the original account in 2009.
However, Midland says it is an open account and has re-aged the debt. Plus it looks like almost doubled the amount due. They, Midland, state the SOL will run out in 2010.

Can they do this on a charged off account?
This seems to be FCRA and FDCPA violations by Midland.

I really don't want to DV Midland as of yet...too much stress.
But have disputed it on the big 3 CR by letter, of course you know how far that got me, a waste of paper.

Any suggestions?

fireyone_02 · Joined: 20 Mar 2008 Posts: 280 2.03 Dollars($)

That is almost an exact copy of what is on my credit report. Started with Providian, presidio, then midland. Midland is really a bad company and I would NOT advise even speaking with them. They were sooo rude to me that I now don't even pick up the phone. It is past SOL so you can not be legally sued for it. I can not see how they can leave it on your report that long. The tiome frame doesn't start when they purchase the debt..it starts from the date of last activity.
They have this on mine too. It expires way past when the original crditor has it listed (mine too is 2009). Midland listed it for 2010. I am going to wait until the original creditor falls off then contact the credit reporting agency and inform them that this debt fell off from the original creditor so why can a junk collector still list it. Hopefully that won't be a waste of paper. I wish you could actually speak to a person in the credit ageny.
Let me know how it works out for you. Please be careful of Midland...they can sure make a person feel worthless.

Guest 0.10 Dollars($)

I thought about waiting for it to fall off in 2009 from the original creditor. Because i too have heard/read a lot of bad stuff on them. I thought of DV to them letter. However, I can hang out for another year, but thinking of CD letter to them.
Glad someone else knows what i am going through.

larry · Joined: 27 Jun 2007 Posts: 3065 430.45 Dollars($)

Hi Diana,

welcome back,

Now have you sent debt validation latter to them? Why do you want to hang out for a year? I think you should try to fix it ASAP.

Best of luck,
Larry

jbarto65 · Joined: 04 Nov 2007 Posts: 627 0.00 Dollars($)

Marine Midland tried to collect on a very old over 20 year old vehicle repossession on my husband. I tolerated their mouth for about three phone calls and then sent them a cease and desist along with a sol letter, they have not been bothering us since.

they are very rude, if the debt is past the sol, they would not get a dime out of me while acting like a jerk. goodluck hope you can get rid of them, if it is past the sol, don't give them a dime, it will just show that their tactics work.

Guest 0.10 Dollars($)

Still dealing with AFNI, Inc. So soon I will take on Midland. But, Yeah, it is out of SOl in CA. over 4 years. Next year would be the 7 year to fall off.
Midland re-aged account...so it may go to suit if they don't take it off....
Meanwhile, am reading lots of sites and helpful info.

larry · Joined: 27 Jun 2007 Posts: 3065 430.45 Dollars($)

Hi Diana,

As next year would be 7 year to fall off your due debt, it might be removed from your credit report but now Midland has re-aged account. So it will not be removed from your credit report right. So I think first send debt validation latter to them and if it is a valid debt then you should better pay it off.

Best of luck,
Larry

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