Closed verification letter

If the account went delinquesnt in 2001, it should be close to dropping off anyway. Dispute as obsolete with all reporting credit reporting agencies.

Thats not a very good answer. I have several months before that all happens and I want to move forward with my life and rather then run into a wall each time I want to show that this account is closed.

Actually, that is the correct answer. A derogatory account can be reported for 7 years + 180 days from the date of first default. Nothing earlier than 11/01 should be showing on your credit reports right now and you should not see anything derogatory from 2001 on your reports after 6/30/09. You want this off your credit reports, that's the quickest and easiest way to do it.

Not all accounts have a start date. How do you get that info.

I am actually talking about the accounts that show ZERO balance but are not under closed account status. I just want a letter from them saying that this its taken care of.

Are you referring to the Date Opened or to the Default date? Does it show NA? On the $0 balance accounts, do they show Charge Off or a "Sold/Transferred to another lender" notations? You can call the reporting agencies and ask for it or you can file disputes due to incomplete data fields. Can you post the tradeline?

LET ME GIVE YOU an exact example. the item i am talking about is a credit card....it says

Date Opeend 12/2001
Reported Since 12/2001
Date of Status 8/2006
Last Reported 8/2006
Status: Paid in settlement
Status Details: this account is scheduled to continue on record until aug 2010.

If this is truely what is on your report, then I think they are reporting correctly. The fact that they have "paid in settlement" if it indeed was paid in a settlement, then they are reporting correctly.

Is that the original creditors tradeline? This is a TU report correct? Based on your removal date, the DOFD would be February of 2003 (7.5 years). Does that sound accurate to you? It's been almost 3 years since they last updated the tradeline so you take a risk by either disputing it or contacting the data furnisher and asking them to update the status. If you dispute and they verify, you will show more recent activity causing a score drop. If you write them a letter asking for an update to the tradeline, same result. Recent activity on a derogatory. Who's the OC?

Capital One is the org creditor. The report is from Experian. I dont know what DOFD means. I called them and they told me I dont owe anything on this account. but it showed under open accounts not closed.. Should I wait until it deletes off on its own?

I went to annualcreditreport.com and got all 3 reports. Just trying to clean them up....

DOFD is the Date of First Default, when you missed your first payment and never brought the account current. From personal experience Crap1 will report right up to the 7.5 year mark but this one has me scratching my head. Does Cap1 still own the account? It is unlike them to not update for 3 years. As to whether or not to let it age off, as I stated earlier, that's the 2 edged sword of credit repair. If they don't verify, you score a delete but if they do, you tank your score.

Yes I show on all 3 reports that they still own this. I called them on Tues. They said that it was already settled and I no longer own anything on this account. What does each date mean? these freaken reports are pissing me off. I have been busting my ass off for years saving money to pay all my old debit...and now I cant even clear my name...

As Nasscar said, it's a double edged sword, since it's capt1, I'd just let it fall off. Since chances are if you contact them they will udpate the report again.

I had a hell of a time getting capt1 to update their record to "included in bankruptcy". They kept sending me a form letter saying they won't update my account until it was brought to Zero. Ummm hello you moron's it is zero.. oye it's like they don't even read the letter.

I finally had to get my Bankrtupcy attorney involved. (this was a few years after I had filed, and it wasn't schedule to fall off for a few years yet.

As far as each date.. it's just as the report says'
Date Opeend 12/2001 (Date you opened the account)
Reported Since 12/2001 (Date Capt1 started reporting to CRA's)
Date of Status 8/2006 (status date Capt1 updated the report to CRA, probably date you defaulted?)
Last Reported 8/2006 (Last date Capt 1 updated report, when you settled the account)

Ok I guess just let it fall off. I mean I have waited this long and out of the 12 things on my credit file it looks like all will fall off except 2 next years....

Let me ask you all this....out of all 3 of the reports only 1 has things i have never seen. How the hell does that work?

What do you mean? Accounts you don't recognize?

Well Equifax and Transunion have more or less the same things. But Experian has things I never even seen accounts I never know about...not to mention lots of duplicats with different amounts...I know what I do and do not owe I am not hiding from my debit but trying to clean it up... Nascar should I talk to you direct in PM or can you refer me to a company or where to look for someone I can talk to in person to talk me trough my CR. I dont want consolidation help just explaination. I will do the work....

You can PM me directly if you'd like. EX is Satan so be prepared for some work to get your report cleaned up but it can be done with patience and perserverance.

ok, I will PM you later tonight or tomorrow going to organize everything... It tried to work it out with everyone before all this happend and it got me no where...no i have a good job that I can afford to devote money to all this stuff and I cant seem to get anywhere either...I waited this long and i will be damed if i am going to allow some stupid companies keep me from becoming debit free...if i have to pay an attorney i will...I am ready....PM you soon. Thanks everyone for all your help.