Credit report
Date: Mon, 03/05/2007 - 11:02
Dispute the entry on your credit report with both the credit rep
Dispute the entry on your credit report with both the credit reporting agencies and Asset Acceptance. The seven years has passed, and this does need to be removed from your CR.
If the statute of limitations has expired regarding the creditor's ability to sue, then you might send a cease and desist letter (return receipt) to Asset Acceptance, as well. Don't acknowledge the debt, and don't make a payment on it.
You may not be under any legal obligation to pay the account bec
You may not be under any legal obligation to pay the account because it's past the reporting time period as per the FCRA laws. But this is a legit debt and it should be paid.
You have a choice whether to pay it or not. In case you decide not to pay, dispute the item with the bureau and get it removed. But if you want to pay the account, your credit score will improve slightly because of the positive history. Make sure that you clear the account in one payment because the SOL will be renewed with a partial payment and you will come under legal actions if you miss the payments thereafter.
okay on last years report it was showing as an account in good s
okay on last years report it was showing as an account in good standing with experion but do not know what it will show this year. Being that I paid off another account and giving it the 30 days to show on my report, so do I send a dispute letter to experion as well as Asset Acceptance. Yes the seven years have passed and I want this off my credit good or bad.
I am in texas so the sol is 4 years from what I have read. A cease and desist letter to Accept Acceptance will do the job of reporting it right?
Sorry about all the questions but I am trying to do this right the first time. Thank you again for your time and help.
mute, the credit score would go up with a PIF collections accoun
mute, the credit score would go up with a PIF collections account, as opposed to having the entire (negative) entry removed?
Morning star the second option that you mentioned looks favorabl
Morning star the second option that you mentioned looks favorable here. A PIF collection account will be good when an account is not close to the reporting time period.
jgauna, a cease and desist letter will force Asset Acceptance to stop all collection attempts regarding this account. You have to separately write a dispute letter to the bureau and the CA for getting the negative item removed from your file. Mention the FCRA laws regarding the seven years reporting time period. You will find the sample letters in this forum.
That account should have dropped off report already.If date of d
That account should have dropped off report already.If date of delinquency is in 1999 as you stated,it is sol for legal action and reporting.I wouldn't give them a stinking dime unless you feel some moral obligation to.
No I do not plan on paying them a dime. It was a mess from the g
No I do not plan on paying them a dime. It was a mess from the getgo, it was suppose to be a one year agreement and I did not read it like I should have. And I signed a three year contract and cam back to them and tried to dispute it, but again I signed it. Hence they did not receive anything from me. I am working on the letters now. Thank you all for your time and help. This site and forums are priceless.
If it is assset, there are alot of posts on here about them and
If it is assset, there are alot of posts on here about them and not very nice ones, You should file the disputes as soon as possible to get these guys off your report. Seems like, even if they can't they will try. Keep copies of everything. goodluck.