Help with Credit Card Charge Offs & Collections

[jjgross]

Originally Posted by CreditCrisis

Currently my scores are:

Transunion:565
Equifax:525
Experian:572

Which is an overall increase of 14 points from 3 weeks ago.

My husbands scores are:

Transunion:536
Equifax:512
Experian:569

Which is an overall increase of 18 points from 3 weeks ago.

What I don’t understand, is those are pretty decent scores considering they were in the mid 400’s about 8 months ago and we still have some really crappy stuff on our reports. My husband has 2 judgments on 2 CRA reports and one on another. I have 2 on two and 1 on another. We also have a lot of charge off accounts and even a repo! My question is, we have recently established three new lines of credit and can afford them quite easily.

Do I stop trying to fight the other stuff because our scores are still going up? Or will removing this other negative stuff help our scores out even more? Or could it damage us? I’m really confused on what step to take next.

Thanks

When i ask you to be patient you have to keep fighting sooner or later someone will budge

[Trish]

Keep at it. Start another round of disputes......or if you've already gotten the "verified" answer from the CRAs on those OCs (charge offs) then start sending the OCs letters.
Yes, removing more negative items will help your score even more.

So, try to keep on going.

[CreditCrisis]

ugh...ok..its just starting to get expensive and tiring..i've been at this for sooo long now it seems and have gotten a hand ful of things removed, yes, but there are just those few stubborn, pesky accounts that i dont even have time to deal with.

thanks for the info though.:p i'll keep at it.

[jemelton]

After that lady lying to me at the CA and hanging up on me, I this means war....does anybody have any way that I can scare/intimidate/make an idol threat against this CA to spring them into action to delete this from my credit report or should I just pay it and then bug them until they remove it? Could you potentially call the CA several times a day until they do it?

[jjgross]

Originally Posted by jemelton

After that lady lying to me at the CA and hanging up on me, I this means war....does anybody have any way that I can scare/intimidate/make an idol threat against this CA to spring them into action to delete this from my credit report or should I just pay it and then bug them until they remove it? Could you potentially call the CA several times a day until they do it?

guess what you can call them all you want.Put them on speed dial and go to it :D:D:D:D

[jencolem]

Originally Posted by 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.

Hi,
First off thanks so much for all of this helpful information. My head is spinning trying to figure out what to do, so I thought I would just ask the question.

I have a couple of medical bills that total roughly $1000 that have been assigned to a CA that I would like to have recalled by the OC. I have 2 questions:

1. If I ask the OC to recall the debt can I ask them to settle for less than the full amount?

2. Restrictive endorsements aren't covered in IL, so I need to draft a letter to the hospital but I'm not sure what to say since I won't be attaching a check. Can someone please provide some sample text?

Thanks in advance for all your help!!