The Bureaus INC ??????

$344 to $893 in 5 months is a stretch. Interest couldn't be that much. I would question that. The date opened is correct since that is when The Bureaus first reported the account after purchase and is irrelevant. The date that is important is the Date of First Default (DOFD). That is the date you missed your first payment and never brought the account current and also begins the 7.5 year reporting period. What state are you in? SOL is another factor to consider. You can dispute the accuracy since HSBC is the OC but since you are likely still w/in SOL, you might let sleeping dogs lie. Have they sent you a dunning letter yet?

i live in florida and I haven't rcvd a dunning letter yet. Should I send the Bureaus a debt vaildation letter? If so should I send it to HSBC the original creditor or Bureaus?

Form what you posted, HSBC is completely out of the picture. You're going to have to deal with The Bureaus on this now. You are still well w/in the 5 year SOL on this so tread lightly. $900 is not a lot but I have seen suits filed on less.

We/my husband has similar issue with this very creditor, however report does not state any info on OC at all. Showing high balance/limit for $8539, but the Bureaus are showing $10,146 past due?!?!?! We have received NOTHING at all in writing or otherwise in regards to this account...what are we to do? This really tarnishes a person's credit standing etc, especially if we would like to move forward and purchase a home.
FYI - We are in MN.

I have a similiar situation with The Bureaus Inc,. HSBC charged this off March 2007 in the amount of $2768.00. Now HSBC has it and says that i owe $3668 as of Feb. 2009. Shows they aquired this in April 2007 and last reported date is 2/2009. When will this ever come off my report if they keep updating the last reporting date? Does it go back to the date they aquired it? Should i contact them to get possibly a payoff amount? HELP!

The date last reported has no bearing on how long it stays on your reports. 7 years + 180 days from the Date of First Default with the OC is the maximum amount of time a derogatory can stay on your reports. WHen did you miss your first payment and never again brought the account current? That will be the start date.

I am not sure. I thought is was in Sept. or Oct. of 2005. This says it was opened in 01/2006. Is that when i opened the account or when it was opened for collection? Maybe i have the years wrong? This says for account history 30 days as of Oct 2006. Then every month after 60, 90 etc til it was charged of as of April 2007, March 2007. Would i be better of just trying to get this paid off since we are going to try to buy a house this year. I had heard that it hurts your credit score if you pay off a collection so not do it right before you apply for a loan? Is this true? Also would it show better if i were to make payments on it. Would it show up on my credit report as paying as agreed at least like i was at least making an attempt to resolve it?

1/06 sounds like when the CA first reported to the CRA's. Does the OC still own the debt or does their tradeline show "Transferred/Sold to another lender"?

It says puchased by another lender that being The Bureaus Inc. Should i contact the CA? and what about my others Q'S about it hurting my credit score, etc?

If the original creditor was HSBC and the debt was written off, then bought by the bureaus, how should it appear legally on the CR? I have also been written off by HSBC with a balance still owing showing. The Bureaus has reportd on the CR the same balance that was written off by HSBC. The HSBC part should be dropped August 2009. Will the entry from the bureaus drop at that time 2? If not, isn't that reaging? Isn't that against the law?

My question has been answered. Thank you for all the help.

I rfecieved a phone call today, 6/25/2009, from someone named " Bill Smith ( I think that was his last name )", and he told me that my account that had been with HSBC was now their account, that they had purchased it from HSBC. He told me my account was $3800.00 past due and that I hadn't paid on it since12/8008. I told this guy that I had suffered three heart attacks in january and bee in the hospital for a long time, and had returned to work in the last 60 days. This guy wanted me to write him a check for the amount owed. I said I can't do that. He asked me how long it would take to pay off the account? I told him about 3-4 years. He said oh no. We can't do that. Heres how it will read on your account, "uncooperitive, and refused to pay. Hows that?" I told him it was a bear faced lie. He had already hung up.

I had a strange feeling about this place from the start. I now know that between 6/12 & 6/29 they have put on my CR themselves as the original creditor, changed the account number, added crap fees, and probably illegally re-aged my charged-off HSBC account. All done during my validation period. I am not pissing with these morons. I see an attorney in my future. Keep your eye closely on CR with these people.

The Bureaus do not seem to be licensed to collect in their home state of Illinois. Wonder why that might be?

I just checked my credit report and found a potentially negative item listing for The Bureaus Inc. in 2005. When I disputed their debt with Experian, they posted another for August 2009. When I tried to call them to inquire about this debt I am either left on hold for 20 minutes or transferred to an answering service. I am not showing any charge-offs that have not already been accounted for and paid so I do not know what the hell these people want or why they are on my report.

Did any posters on this thread do any legal action with the the bureaus and have been successful? Currently going through pretty much the same issues you guys have: accnt sold from one CA to bureaus and has gained "interest" fee, got nothing in writing/no notification whatsoever. In dispute as we speak.

Any suggestions?

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any of you geniuses ever stop to think that what you know might be unknown by others and even reasonably prudent people can't determine what you're referring to?