Dyck Oneil Unsecured/promissory note
Date: Wed, 06/06/2012 - 16:06
I paid for 6 months then could no longer afford it. I am getting nowhere in the settling attempts. I just want to have it removed from my credit as 180 days late. I can get my company to maybe pay the $500/mo as a business expense because it would increase my score to get approval for commercial loans and better our business. How do i get them to remove the derogatory remarks from my credit. I've tried paying the $500 settling for a lower amount in a lump sum. I basically said.."what can dyck oneil offer in trade for removing this from my credit and they said we can't?? would they rather not get paid??:confused:
Dyck Oneil is basically a real estate servicer/collection agency
Dyck Oneil is basically a real estate servicer/collection agency. I do not see how you are even in a position to demand/request remove the 180 days past due so you can start paying what you were suppose to in the first place. From a quick google search, I found they do sue routinely. Here is one thread from this forum...I am sure there are others.
http://www.debtconsolidationcare.com/collection-agencies/dyckoneal-florida.html
The account will show up as 'charged off' on your credit report
The account will show up as 'charged off' on your credit report for the next 7 years from the date of delinquency. If the account gets handed over/sold to a collection agency, its going to be another 7 years from the time they start reporting. You cannot just wish away the negative marks on your credit report.
Quote:The account will show up as 'charged off' on your credit r
Quote:
The account will show up as 'charged off' on your credit report for the next 7 years from the date of delinquency. |
No, Nathaniel, it will not. It cannot show up as charged off until it is charged off. For you to make that statement, you need to learn how this stuff works. The account can only be reported in a negative status for 7.5 years from the date of delinquency. They may actually not charge the account off for many months or even longer once that delinquency occurs. If you get two payments behind on your mortgage, and you keep making payments but never get the account brought current, you can keep it in a delinquent status for over a year with some banks....and that original date of delinquency applies no matter how many payments you make--as long as the account is not brought current.
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If the account gets handed over/sold to a collection agency, its going to be another 7 years from the time they start reporting. |
This is 100% false. A debt collector cannot legally re-age the debt. The original date of delinquency applies to the debt no matter how many times it gets sold, or how many debt collectors own it. It is NEVER legal for a debt collector to report it for "another 7 years". That is why whenever a debt collector tries to collect a really old debt, people who post about it here always say "I checked my credit report and the debt isnt on there...."
Nathaniel, I have asked you nicely to stop posting these ridiculous posts. Other moderators have as well. You have ignored us all. It is time for you to stop ignoring this advice and start paying attention. People actually read the false posts you make, and we have a problem with that. Your advice in this forum is of such a poor quality that you are going to end up getting someone sued if they follow the things you tell them. If you do not care enough to post correct answers, then please stop posting.
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You cannot just wish away the negative marks on your credit report. |
In a similar fashion, I cannot wish away these ignorant answers you keep leaving all over the forum.....
Another thing Nathanial....we as moderators and experts take the
Another thing Nathanial....we as moderators and experts take the time to research our facts. For this thread alone, I researched Dyck Oneil as a company.....surprise...it IS a collection agency!!! Secondly, I looked their practices up. They regularly sue. Do you read the responses made by other posters BEFORE you post?:? You should....you might learn something.
I short sold my house around 12 years ago and was forced to sign
I short sold my house around 12 years ago and was forced to sign a note with Fannie Mae through Dyck O'Neill. Since then they graduated to collection agency. They are still trying to collect on that 12 years later. They did not charge it off as the owner is Fannie Mae. It is probably the same in the case of the poster. I will eventually have to pay it off. They have offered a deal but it was still more than I could afford at the time. How were they able to offer a deal? I have no idea
