Fraudulent Payday Loan on Credit Report

BBB is a waste of time...they are simply a letter writing organization.

You need to dispute tradeline with transunion and creditor IN WRITING. And you dont need to write a 6 page letter..simply " This debt is not mine. Verify it with me or remove it per the FCRA."

FYI...Gateway is a computer company.

I know who Gateway is :) That is not an issue with me. It's the bogus payday loan from Global PayDay Cashnet.

I'll have the letters written up and sent by certified mail this week. I'm willing to lay money down that neither helps. I've been at this since January and feel like a huge victim targeted by one ticked off pencil pushing geek from Midland who destroyed my credit score in a manner which will be very hard to contest because chances are most of my personal information has been past along the way. The only thing I may have going is pointing out to transunion that for a debt I've allegedly owed for the past 7 years and counting it has not once showed up on my credit report until December of 2011 although Northern Resolution states in one credit report it validated the debt in 2009.

I now feel like I have to daily contact my county court house to see if someone is going to try and sneak a summons past me so I won't be able to defend myself so they get a default judgement. I feel at any given moment I've missed it and there is going to be money stolen from my checking. If these vipers could easily do this with a fraudulent payday loan they could literally clean me out and destroy me financially.

Have you actually written to Northern Resolution yourself disputing the validity of the debt? They a buffalo NY agency and their address is easy to find. You maybe should call them in advance for an address.

"I hereby dispute the validity of this debt appearing on my credit report. Unless you can show proof (ie a signed contract) that this debt is mine, I expect you to delete it from my credit report immediately as prescribed by the FCRA. I will seek legal recourse if you fail to do so on a timely basis. I demand a letter stating that the tradeline has been permanently removed."

I've called the number provided on the transunion report under Northerns name but never get a reply. I think I have this figured out. I pulled all three reports today and Transunion is the only one showing this fraudulent payday loan. I'm going to file a dispute with transunion stating this is not my debt. Send them a copy showing the other two Bureau's do not show this negative account. I have reports from a year ago from all three not showing this debt. Transunion can also see when this alleged debt was placed on their report for the first time in 2011 but yet they claim it went to collections in 05. I will send a copy of my dispute to Northern Resolution along with the wording you have posted above. I think I may get somewhere in this approach. I don't like that a simply dispute with a Credit Bureau will only result in them contacting the C.A. and as long as the agency simply says it's that persons debt without any solid proof they will keep the debt on there. The consumer has to do all the legwork. This stinks. To me it's obvious when a year ago no Credit Bureau reported an allegd overdue debt in someones name and now it msteriously shows up to only of them stating it's been in collections since 2005 and verified by the agency in 2009. Thanks for the response. I'll let you know how this works out.

If the CA fails to validate the debt within 30 days,THEN you contract Transunion, disputing the debt and informing them that Northern failed to respond. You could end up getting both on violations.

Ok, I can do that although I've gotten conflicting suggestions about which avenue to take in contact. I was told to write both the credit bureau and the CA at the same time. That way when I don't hear back in 30 days from the CA with solid proof I can push right then for removal off of transunion since they would know I have sent the same investigation request with proof.

I have a few more questions. If this payday loan was initiated with an electronic "click" as proof of signature how do I contest that? I did a google on this loan company and I'm pretty sure it's base was or is in Utah. In 05 if it's the same Global Payday Cashnet that so many were getting scammed by they were not liscensed in California at the time. That would be a plus wouldn't it?

Also, the way the date shows it entering collections it's going to be very hard to get my bank to go back at least 7 years to find old statements for that time period to prove I never took out any payday loan. Thats whats nasty about this little game.

I feel comfortable with the proof I have that shows this debt verified by Northern Group in 09 was sent to collections in 05 but doesn't show up on any credit report of mine until the end of 2011 but they allegedly verified it in 2009? Again I have to say it's just sleazy what they pulled.

I still believe another agency did this to simply destroy what was a very good credit score that was going up. The collection agent from Midland was livid when I pointed how good my credit score was when she called about a time barred debt. Thats when she mumbled about my score wasn't as good as I thought. After that... Thats when this all happened. There is some irony in the fact that one sleazy CA knows an even lower CA that will do their dirty work for them.

A few more questions...What if they have my checking account number to associate it with the payday loan. I'd find that so strange. Wouldn't the place who says I took a payday loan out have long since taken something out to cover for the alleged loan? It would stink if a simple electronic click for signature and having a checking account number is what defines solid proof. Wouldn't they also have a copy of deposit to that account? There is nothing on my credit reports that show my checking account number and not one agency has my checking. They do have my SS though.

Again thanks for the suggestions.

Send your FCRA dispute to the CRA and the furnisher of the bogus information at the same time. Send certified return receipt. Keep the letter brief like Soaplady said. If they respond as verified then send in one additional letter to the CRA where you request that they provide you with the methods they used to verify, with whom etc. Your letter should also request they "re-investigate", as the account is an obvious error and simply not yours. The reinvestigation request can help if you decide to bring an FCRA action.

You appear to be hung up on when the tradeline appeared on your report and the date they say it went delinquent. I am not sure why, but dont be. If its not yours, its not yours. This is as simple as disputing it off, or suing the furnisher and the CRA for failing to remove a bogus report.

You should consider filing your complaints with the FTC and the CFPB prior to sending the 2nd FCRA dispute (if it is needed. You could cc the collection and reporting firms in your complaints to the regulators and mail them copies certified return receipt, then have copies of those letters in your second letter requesting re-investigation. The CFPB is currently accepting public comments about how they will be regulating collection firms and credit reporting firms as part of their "non bank" regulatory responsibilities and asking for public comments as well as complaints be submitted through their online portal.

There are times where I had noticed accounts, on my Credit Reports, that were there after te 'fall off' date. I actually disputed the CRA's about them and they were removed. It took a while to do this, but, it DID happen. You may want to try that (just friendly advice).

To Nathaniel, I am actually "hung up" on every detail in this including dates that have mysteriously changed on this fraudulent debt. It's one thing to "accidentally" place the wrong debt on someones credit report out of nowhere but it has a huge neon sign over it when it's been allegedly delinquent sitting in collections for 6-7 years with no bureau reporting it. Even more strange the first report never even showed any date when the account was opened, due etc... Just that it had been verified as being a debt in 09. Again never reported to any CRA that year but verified by the CA? Then after the first investigation all of a sudden a collection date is added and the year is 12/21/2005 when placed in collections. The date when it is to be removed has changed twice. Isn't date changing a violation without contractual proof? So I don't think this debt was placed incorrectly nor do I think it was someone elses. I honestly believe this debt is all kinds of fake on ever level. In the state of California the Max amount for a paday loan is 300.00 yet look at the amount of 525.00. They say this was the amount due in 2005. This is why dates and numbers are a part of my situation because none of this adds up. I've explained my conversation with the other agency who was livid my credit score was doing well the month prior to this happening. The agent was livid when I pointed out my bad credit had been wiped clean and any attempt to pursue litigation on a time barred debt would result in a loss for the company she was calling for. Ironically The same credit agency ran 3 checks on my credit report the month this little thing appeared out of nowhere. So when I mention dates you bet I'm hung up on all of it. I think whats been pulled on me is very dirty and there is no doubt sending all these letters is going to result in very little at first. The manner in which a Credit Agency gets to verify to the CRA is a joke. I have to detail to the CRA either the evidence isn't sufficient or they need to check back even 3 years ago on my CR and they will see not once was this debt there. I have no clue how to prove a payday loan was never mine if they have account numbers and the agreement was a click signature. The dates again become a perfect scam because I don't know of any banks that have statements dating back to 7 years ago. I'd need copies of that year showing no payday loan was ever deposited. I just don't know how messy this is going to get but I'm not giving up. I'm sick of it. I worked a long time to restore my credit. This was to be a fresh start for me.

Just gather all your research and dates and start the process of filing complaints with the AG, the FTC and the CFPB. You can't fight these bottomfeeders yourself and you need the law on your side to get things moving. As for the CRAs and their erroneous reports, you are just one of the 159,580,000 Americans with bad data on his/her file :shock:

hmmm, I got a little cash here http://goo.gl/f6wxx

Got it off my credit report. Talk about being vigilant. Northern Resolution refused to show proof other than by word of mouth. I repeatedly asked for the date the loan was directly deposited into my checking. They did not have my checking or routing numbers but asked for them. LOL yeah like I'm giving them that. So they give me some date in Dec. I said hold on handed them the phone and it was my banks manager. I had went to my bank that I've been with for nearly 20 years and told them the situation. I said I knew it would be impossible to find copies of old statements past a certain point and she said.. no it's not. My bank keeps them on file all the way back to 2003. The date on the credit report suggested the alleged loan was deposited in my account in 05. They could literally run the exact date and get a print out of all transactions for that day. Even the entire months statement with images. So when I handed my cell to the bank manager and she identified herself they hung up. I tried calling back 5 times with no luck. Had my bank manager contact transunion to verify that there was never any payday loan in my account for the entire years of 2003,04,05. I have only this one account. I reported this back to Transunion. Had them speak to the bank manager. They are removing the tradeline. The reasoning was never clear. Finished and done but for one thing. I am now told to watch and see if they try and put it back on my C.R. This has been the stupidest thing but every ones advice was very good.
thanks.