Need help on these 2 credit report entries
Date: Tue, 09/21/2010 - 11:15
Hi all,
I have 2 entries that I am trying to figure out. One is from HSBC and the other is from LVNV Funding. I had asked Experian to validate the information and they came back verified but I didn't know to ask what they used to verify the debt.
I had asked Equifax to verify the debt from HSBC and they removed the same entry but Experian was somehow able to verify. I am trying to figure out if this is a valid way to report it or if there is something I can dispute. I want to pay someone but HSBC says they no longer own the account and LVNV Funding is giving me the run around on verification.
Here is what is listed on my credit report as of 9/17/10:
HSBC BANK
Address:
PO BOX 5253
CAROL STREAM, IL 60197
(800) 477-6000
Account Number:
xxxxxxxxxxx....
Address Identification Number:
xxxxxxxxx
Status: Closed. $746 written off. Status Details:This item was verified and updated on Mar 2010.
Date Opened: 07/2003 Type: Revolving Terms: NA
Credit Limit/Original Amount: N/A High Balance: $1,270
Reported Since: 08/2003 Date of Status:03/2009
Last Reported:03/2009 Monthly Payment:$0 Responsibility:Individual
Recent Balance: $0 as of 03/2009 Recent Payment:$0
Your Statement:
Account information disputed by consumer (Meets requirement of
the Fair Credit Reporting Act).
Creditor's Statement: Purchased by another lender.
Account History:
Charge Off as of Mar 2009, Feb 2009
120 days past due as of Jan 2009, Jun 2008
90 days past due as of Dec 2008, May 2008
60 days past due as of Nov 2008, Apr 2008
30 days past due as of Oct 2008
Balance History:02/2009 $1,270, 01/2009 $1,238 2/2008 $1,209,
11/2008 $1,179, 10/2008 $1,140, 09/2008 $1,070
Between Sep 2008 and Feb 2009, your credit limit/high balance was $800.00
Then I have an entry by LVNV Funding:
LVNV FUNDING, LLC
Address:PO BOX 10497 GREENVILLE, SC 29603 (866) 464-1183
Account Number: xxxxxxxxxxx.... Original Creditor: HSBC ORCHARD
Address Identification Number:xxxxxxxx
Status: Collection account. $1,406 past due as of Sep 2010. Status Details: This account is scheduled to continue on record until May 2015.
This item was verified and updated on Feb 2010.
Date Opened:03/2009 Reported Since: 02/2010
Date of Status:02/2010 Last Reported:09/2010
Type:Installment Terms:1 Months
Monthly Payment:$0 Responsibility:Individual
Credit Limit/Original Amount:$1,270 High Balance:NA
Recent Balance:$1,406 as of 09/2010
Recent Payment:$0
Your Statement: Account information disputed by consumer (Meets requirement of the Fair Credit Reporting Act).
Account History:
Collection as of Feb 2010 to Sep 2010
Balance History:08/2010 $1,397, 07/2010 $1,390, 06/2010 $1,384
05/2010 $1,375, 04/2010 $1,368, 03/2010 $1,359, 02/2010 $1,354
01/2010 $1,349, 12/2009 $1,335 11/2009 $1,327, 10/2009 $1,321
09/2009 $1,317, 08/2009 $1,305, 07/2009 $1,297, 06/2009 $1,290
The original amount of this account was $1,270
I have 2 entries that I am trying to figure out. One is from HSBC and the other is from LVNV Funding. I had asked Experian to validate the information and they came back verified but I didn't know to ask what they used to verify the debt.
I had asked Equifax to verify the debt from HSBC and they removed the same entry but Experian was somehow able to verify. I am trying to figure out if this is a valid way to report it or if there is something I can dispute. I want to pay someone but HSBC says they no longer own the account and LVNV Funding is giving me the run around on verification.
Here is what is listed on my credit report as of 9/17/10:
HSBC BANK
Address:
PO BOX 5253
CAROL STREAM, IL 60197
(800) 477-6000
Account Number:
xxxxxxxxxxx....
Address Identification Number:
xxxxxxxxx
Status: Closed. $746 written off. Status Details:This item was verified and updated on Mar 2010.
Date Opened: 07/2003 Type: Revolving Terms: NA
Credit Limit/Original Amount: N/A High Balance: $1,270
Reported Since: 08/2003 Date of Status:03/2009
Last Reported:03/2009 Monthly Payment:$0 Responsibility:Individual
Recent Balance: $0 as of 03/2009 Recent Payment:$0
Your Statement:
Account information disputed by consumer (Meets requirement of
the Fair Credit Reporting Act).
Creditor's Statement: Purchased by another lender.
Account History:
Charge Off as of Mar 2009, Feb 2009
120 days past due as of Jan 2009, Jun 2008
90 days past due as of Dec 2008, May 2008
60 days past due as of Nov 2008, Apr 2008
30 days past due as of Oct 2008
Balance History:02/2009 $1,270, 01/2009 $1,238 2/2008 $1,209,
11/2008 $1,179, 10/2008 $1,140, 09/2008 $1,070
Between Sep 2008 and Feb 2009, your credit limit/high balance was $800.00
Then I have an entry by LVNV Funding:
LVNV FUNDING, LLC
Address:PO BOX 10497 GREENVILLE, SC 29603 (866) 464-1183
Account Number: xxxxxxxxxxx.... Original Creditor: HSBC ORCHARD
Address Identification Number:xxxxxxxx
Status: Collection account. $1,406 past due as of Sep 2010. Status Details: This account is scheduled to continue on record until May 2015.
This item was verified and updated on Feb 2010.
Date Opened:03/2009 Reported Since: 02/2010
Date of Status:02/2010 Last Reported:09/2010
Type:Installment Terms:1 Months
Monthly Payment:$0 Responsibility:Individual
Credit Limit/Original Amount:$1,270 High Balance:NA
Recent Balance:$1,406 as of 09/2010
Recent Payment:$0
Your Statement: Account information disputed by consumer (Meets requirement of the Fair Credit Reporting Act).
Account History:
Collection as of Feb 2010 to Sep 2010
Balance History:08/2010 $1,397, 07/2010 $1,390, 06/2010 $1,384
05/2010 $1,375, 04/2010 $1,368, 03/2010 $1,359, 02/2010 $1,354
01/2010 $1,349, 12/2009 $1,335 11/2009 $1,327, 10/2009 $1,321
09/2009 $1,317, 08/2009 $1,305, 07/2009 $1,297, 06/2009 $1,290
The original amount of this account was $1,270
I did have a HSBC credit card that I had to stop paying on when
I did have a HSBC credit card that I had to stop paying on when I lost my job so yes, I do owe HSBC some money. I really would like to pay someone but because LVNV hasn't shown me any proof that they own it besides putting it on my credit record, I am hesitant about just sending them a settlement offer. When I called HSBC, they said that they didn't own it anymore and didn't know who is the current owner.
One of my questions is, how damaging is is the entry by LVNV Fun
One of my questions is, how damaging is is the entry by LVNV Funding stating that it is a installment account when I have never gotten anything from them much less on an installment. The only installment I have is my car payment.