Account reporting both bad and good
Date: Wed, 01/19/2011 - 17:56
Now we had a small loan that defaulted....totally forgot about it since they never once sent a collection letter or even called. We check our credit reports and find this:
Mine:
Loan listed as both bad and good, same account number, same info...just one says pays as agreed/closed the other as a charge off.
Hubby: lists the loan as a GOOD account, pays as agreed.
Now this flabbergasts me because now that I recall the loan I realized that the reason we forgot about it was that they stopped sending us account statements and so they didn't get paid....it just sorta stopped...I remember that back when we were making payments they had a big thing going on in the office, accounts were lost and all the office personnel got replaced, even the managers. The only thing me and the hubby can think of is that this account somehow partially fell through the cracks....
Now...I am at a loss as to how to handle it....I am afraid that if I get a pay for delete or even just pay or settle it, that the good account will drop off or get modified...bad for me...VERY bad for hubby.....
Any suggestions?:p
who is the loan with btw.is it a pdl,or other personal loan?
who is the loan with btw.is it a pdl,or other personal loan?
Not a pdl, just a small personal loan. I have absolutely no bee
Not a pdl, just a small personal loan. I have absolutely no beef with the OC at all, they are fair and have never been rude....just that one day the statements stopped coming and we were hit with some more hospitalizations and you know..out of sight out of mind.
I want to pay it, I just don't want to lose the good accounts. :)
i would see what can be worked out as you do want to pay,but the
i would see what can be worked out as you do want to pay,but there should some culpability on their part as well.see if they will settle it can't hurt.
I don't even mind paying the full amount, I am hoping that since
I don't even mind paying the full amount, I am hoping that since they forgot to send me my statements AND have never sent me so much as one letter they will consider just removing the bad mark from my report and leave the good ones alone.
I think I will also point out that it was through their office snafu that the account got messed up.
Heck, maybe I will get lucky and when I send them the letter with our names, maybe they won't even be able to find the accounts....like I said..something bad went down there...don't know what, but it must be something bad if the whole office got fired.
Be fun to find out they really did lose the account.
Have you considered disputing the "bad" one as a "duplicate" wit
Have you considered disputing the "bad" one as a "duplicate" with the credit bureaus?
Nope. I decided to leave it for last...I really, really don't w
Nope. I decided to leave it for last...I really, really don't want to mess up the good report...I am afraid if I challenge the bad one, the good one will disappear.