Debt Verification and Credit Reports
Date: Wed, 05/09/2012 - 22:13
I had an old Washington Mutual credit card I got in trouble with back in 07. Sometime in 2008 CACH purchased the debt. It has always shown up on my credit report as CACH. Back in Nov 2011 I receive a letter from Pentagroup trying to collect. The letter list Washington Mutual as the original creditor and CACH as the creditor. I sent Pentagroup a verification / cease and desist letter which they ignored. They called me again about the debt and I ended up suing them and won $1,000. Yet Pentagroup never showed up on my credit report and CACH to this day is still reporting the debt. Does this sound right? Thanks for any replies!
Sounds just about right. The thing is, CACH can legally collect
Sounds just about right. The thing is, CACH can legally collect the debt since they bought it off of Washington Mutual. Pentagroup tried scamming you and got what they deserved. The collection rights for the debt is still with CACH and therefore they are still reporting the account.
One other thing I don't get. I have never contacted CACH about t
One other thing I don't get. I have never contacted CACH about this account and they haven't contacted me. But after I sent the verification letter to Pentagroup, now it shows on my credit report under CACH that consumer has disputed under FCRA.