CA adding new accounts to report

Hi Ashabar

Welcome to the forums. You have not mentioned the state in which your account originated. I wanted to make sure if your debt is within the Statute of Limitation period.

Now, the collection agency is changing the status of your accounts. In other words, he is pulling your credit report without taking your permission which is considered illegal practices under the Fair Debt Collection Practices Act. You can get in touch with your attorney and file a case against them.

Ashabar, I will suggest you to repair your credit file as your account is reported to be in collections. This will have negative impact on your credit file and will stay for as long as 7 years. I insist you to consider the services of consolidation as the consultant will negotiate with your collectors for your better credit rating.

Moreover, debt consolidation services will be paying all your unpaid debts in easy installments and at lower rate of interest. So, it will further work to mend the damage done in your credit report.

http://www.debtconsolidationcare.com/benefits.html

Regards
Roxette

[quote=roxette]Hi Ashabar

Welcome to the forums. You have not mentioned the state in which your account originated. I wanted to make sure if your debt is within the Statute of Limitation period.

Now, the collection agency is changing the status of your accounts. In other words, he is pulling your credit report without taking your permission which is considered illegal practices under the Fair Debt Collection Practices Act. You can get in touch with your attorney and file a case against them.

Ashabar, I will suggest you to repair your credit file as your account is reported to be in collections. This will have negative impact on your credit file and will stay for as long as 7 years. I insist you to consider the services of consolidation as the consultant will negotiate with your collectors for your better credit rating.

Moreover, debt consolidation services will be paying all your unpaid debts in easy installments and at lower rate of interest. So, it will further work to mend the damage done in your credit report.

http://www.debtconsolidationcare.com/benefits.html

Regards
Roxette[/quote]

Hi thanks for responding. I'm in Texas, sorry I forgot to add that. Will consolidation look bad on our credit report? We badly want to get a home of our own and stop renting, plus get my husband closer to his job.

Oops..that guest was me I forgot to add my username on the reply.

Hi Ashabar

Welcome back. Under (Section 16.004 (a) (3)) of The Texas Civil Practice & Remedies Code, The statutes of Limitations for legally collecting the debt is 4 years.

This period will begin when the last activity was seen in your account. I would like to know when your last activity was seen in your account if it is within the SOL period.

Regards
Roxette

Quote:

• Your payment history is analyzed.
  
  
• The amount that you owe is taken into consideration.
  
  
• Length of your credit history is determined.
  
  
• They look out for the types of credit that you have used so far.
  
  
• They will look into your new credit.
  

[quote=roxette]Hi Ashabar

Welcome back. Under (Section 16.004 (a) (3)) of The Texas Civil Practice & Remedies Code, The statutes of Limitations for legally collecting the debt is 4 years.

This period will begin when the last activity was seen in your account. I would like to know when your last activity was seen in your account if it is within the SOL period.

Regards
Roxette[/quote]

Well the last activity on this account would have been over 4 years ago. We have been married 4 years and this was my husband's account from before our marriage. The credit reoprt I'm looking at is showing an open date of 6-2002 though we have never dealt with this company or sent them money. The original debt with Discover shows 07-1999 as the last activity.
It shows 6-2002 on Transunion and Experian and 5-2005 as refinanced on Equifax. The strange thing about that one is it shows refinanced open date 5-2005 but last reported on 03-2000. It just doesn't make sense.

[quote=roxette]Quote:

Oh I do want to add we have been current on all of bills for many years now...since before we were married and we make our payments with no problems. My main concern is cleaning up the old bad accounts from his credit. Since being in a relationship with me we've kept all his accounts current and in good standing...he was just very irresponsible with his debt prior to us getting together.

I was looking at colsolidation and thinking wait a minute we aren't having trouble with our current accounts and I have no desire to close the remaining card accounts we have. We just need to clean up the old stuff and get this CA to stop renewing this old debt.

Ashabar, It may be drawn that your debt is within the Statute of Limitations.

But the strangest part is that the credit report from the three bureaus is not reporting the same thing. So, in this case, you can dispute with the credit bureaus providing copies of your report and updating the said entry.

[quote]DISPUTING A NEGATIVE ENTRY THAT DOES NOT MATCH WITH THE OTHER REPORTS.
(Some entries may appear on your credit report that does not match with the other two reports. This could be due to a simple data entry error.)

YOUR NAME
ADDRESS
CITY, STATE, ZIP CODE
SOCIAL SECURITY #

CREDIT BUREAU NAME
ADDRESS
CITY, STATE, ZIP CODE

Date:

To Whom It May Concern:

I am requesting that the item(s) listed below be immediately investigated. The account seems to be in error as the information displayed is not matching the other two reports. Therefore, this credit report does not accurately reflect my true credit history and is detrimental to me.

Credit Report Date:

The following seems to be in error: Entry(ies) issued by

Please return a report reflecting the result of your investigation. Should verification not be provided within 30 days, I expect the above mentioned entry(ies) to be permanently deleted from my credit report.

Sincerely,

Your Name
[/quote]

I hope you will be displayed with the accurate data from the credit bureaus after disputing it.

Regards
Roxette

[quote=Ashabar]Hi, my husband and I are looking at buying a home and we pulled up his 3 bureau report the other day. There is an old CA on there that used to harass us years ago. I sent them a letter that I wanted to deal directly with the original creditor and to provide me the contact information so I could do so. They never responded and have not contacted us since.
On his report however they are showing an open date of 2002 and that is wrong and they have now added on an account that says "refinanced" and opened in 2005. It's my understanding that the collections accounts will be removed on the same date as the original debt would be removed but they keep changing it up enough to make it look like new accounts. We have not spoken with this company in over 6 years as they were very hard to deal with, were charging interest, and shuffling our account around to different places so it was hard to take care of. Is there anything I can do to get rid of these people? The original debt with Discover is showing a date of 1999 so I expect it to disappear sometime next year.

The CA is called Cavalry and has a negative report with the BBB.

Thanks![/quote][color=blue][/color]
Hello, I too have old accounts on my credit report, I am from Florida and when I pulled my report, I see the same accounts listed 3-4 times by different companies that bought the account and have them listed as active accounts. Thus, I am never able to clear up my report. Also, I saw a post on here somewhere about first savings credit card. Is that a good way to rebuild credit?? Thanks for any advise.

Hi BRENDA

Welcome to the forums. It is possible that the debt collectors can pass the accounts to others, but your credit report must be depicting clear information about that thing.

Please dispute with your credit bureaus as your report might be reporting some clerical mistakes. You have to send one formal letter to them asking for verification. They will conduct an investigation and notify you within 30 days about the change.

Also, as your account is in collection, please make sure that you clear this debt fast. It is appearing as a negative remark in your credit report which is hampering your credit file.

Regards
Roxette

If you are buying a home in the state of Texas I suggest you fix your credit. credit card debt can report on your credit for up to 10 years depending on whatever company you are trying to get a loan or financed from and how far they wish to dig into it. It won't be visable to companies just doing a quick check. Which any morgage company won't be doing.

Most home lending companies will ask you to pay your debts off before they finance you. Of course you can get lucky and pay a higher intrest rate with longer terms but if you hit a bump in the road be prepared to have the floor yanked out from underneath you. Old debts can haunt you for a very long time. A home is a huge responsibility and if you can't pay off old debts how do you expect to borrow money to buy a home?

There are many companies who will help with bad debt. I suggest you do some homework and look into them. Of course is a charged off credit card (an R-9) is all you are having to deal with on there and wish to take responsibility, which since you are going to be buying a home eventaualy I am sure you do, and contact Discover and ask what agency it is placed at and if you will be allowed to deal with them directly. With it being that old though it is higly likely it was sold off to someone.


And if you don't then be prepared to pay a higher intrest rate because an R9 is almost as bad as a repo.