Credit report wrong
Date: Tue, 07/19/2005 - 12:01
Credit report wrong
My spouse contacted the credit card company to get an
explanation for the increase. She was told that a
credit report (Transunion) was pulled and since they changes on it for the bad, her interest was increasing.
I pulled a copy of her TransUnion credit report and found out that asset acceptance llc had reported in May 2005 a debt from Ohio Energy for collection.
After investigation we found out that the bill was for Electricity used after my spouse moved from her apartment in Austintown, Ohio. The landlord called Ohio Energy explaining that my spouse did not live their at the time but they replied that we were responsible for the bill.
Here are my questions :
1) Asset Acceptance LLC never sent us any information can I just disput with Transunion?
2) Can the statute of Limitation be used for utilities
that are 5.5 years old?
3) What are my other recourses if any?
Thanks for the help,
Damien
Hi waystwosuccess Welcome to the forums. At this point of tim
Hi waystwosuccess
Welcome to the forums. At this point of time, since your credit report is showing the entry of Asset Acceptance collection agency, it is a negative remark and will stay on your credit report for 7 years if not disputed.
You should contact the TransUnion credit bureau and dispute about this debt. Also, you can contact the Asset and ask for validation of the said debt. They need to represent your accounts in the correct way and any incorrect entry, if found has to be removed from your credit report.
Yes, the statute of limitation for legally collecting the debt within the time period can be applied on the utility bills also. Please let me know the state where the debt last went into default.
Apart from pulling your credit report from TransUnion, you should pull your credit report from the other two bureaus also so that you can be sure if the account is valid or not.
Do not start paying Asset Acceptance on verbal agreement. They need to validate the debt first before you actually agree for a payment plan.
http://www.debtconsolidationcare.com/validation.html
It is your legal right to know the details which will include the following particulars:
- The details of the account.
- All the calculation should be shown of the amount that is owed.
- Any copies of the papers to be furnished that shows the payment agreement.
- Provide a verification or copy of any judgment if applicable
- The original creditor needs to be identified.
- The Statute of Limitation needs to be proven for the collection of the debt.
- The license of the collection agency applicable in the state is to be furnished along with the license numbers and Registered Agent
- Proof of the agreement that the debt collector has purchased the debt or has been hired by the creditor to collect the debt from the debtor as this is the basic contract law.
- Complete payment history showing the details of the creditors, payment history, amount of the debt, break up of fees/interest should be provided in paper.
- A copy of the original signed loan agreement between the debtor and the original creditor establishing the debt between both the parties also has to be produced.
Do let me know if you face any problem in between. I will be glad to assist you in the right direction.
Regards
Roxette
To make things clearer, the debt is for electric service. My spo
To make things clearer, the debt is for electric service. My spouse moved out of her apartment at the end of October 1998. She notified the electrical company that she was moving. They bills her for several months after that. My spouse wrote them letters telling them that she did not live their any more. Unfortunately the letter were lost during a move.
The landlord of the time contacted the utility company
last week to try to rectify the situation. The elevtric company maintains that was spouse is responsible for the debt.
The State were the "debt" occured is OHIO.
Thank you for all the help.
Damien
PS Waystwosuccess was my guest name. I registered with my real name
HI Waystwosuccess Welcome back. It is seen that your utility
HI Waystwosuccess
Welcome back. It is seen that your utility debt is within the SOL period. The State of Limitation for legally collecting the debt in Ohio is
Written or oral account: 6 years,
Written contract: 15 years
Oral contract: 6 years
Your written communication with the electric company to stop the services would have been a valid reason to file a dispute with them. Losing the letters during the move is weakening your point at this time. Try if you can find any other sort of evidence which shows that you have restricted them from serving you.
Next step you need to follow is to deal with your debt collectors tactfully. Asset Acceptance has been falsely misrepresenting the consumer accounts and you will get a clear idea of this fact if you browse the forums.
Make sure that you have all the valid details of your debt provided by them. If you find any data in your accounts that can be objected, make sure you take appropriate steps to confirm with them.
Also, as you have registered with this company, the consultant will be working actively with your debt collector to present your account in the proper way and arranging proper negotiations and payment plan. His counseling will be beneficial to you in making correct moves while dealing with your debt related problems.
Regards
Roxette