What can I do about this acct??
Date: Thu, 04/04/2013 - 10:21
I have a repossession on my credit report. I was unaware their was a balance after vehicle was sold. Well I applied for a mortage and was denied due to this acct. I offered them a settlement amount but I have heard no response. What is my next step? Do i dispute this acct or try to settle. This is how it appears on my credit: It is only reported by Experian and transunion:
Experian
Account Type: Installment
Payment Responsibility: Joint Contractual Liability
Date Opened: 06/2006
Balance Date: 08/2009
Balance Amount:$0 ---TRANS $9,930 - EXPERIAN
Monthly Payment: $0
High/Limit: $16,625 --TRANS $16,625 -EXPERIAN
Account Status:Collection-TRANS As Agreed EXPERIAN
Past Due Amount: $0 -TRANS $11,043 -EXPERIAN
Comments reported by TRANS:
TRANSFERRED TO RECOVERY
Comments by EXPERIAN:
ACCOUNT DELINQUENT 60 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 08/2009=I ,01/2008=I COLLECTION ACCOUNT TRANSFERRED TO RECOVERY LAST PAID: 11/2007
Experian
Account Type: Installment
Payment Responsibility: Joint Contractual Liability
Date Opened: 06/2006
Balance Date: 08/2009
Balance Amount:$0 ---TRANS $9,930 - EXPERIAN
Monthly Payment: $0
High/Limit: $16,625 --TRANS $16,625 -EXPERIAN
Account Status:Collection-TRANS As Agreed EXPERIAN
Past Due Amount: $0 -TRANS $11,043 -EXPERIAN
Comments reported by TRANS:
TRANSFERRED TO RECOVERY
Comments by EXPERIAN:
ACCOUNT DELINQUENT 60 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 08/2009=I ,01/2008=I COLLECTION ACCOUNT TRANSFERRED TO RECOVERY LAST PAID: 11/2007
You may not have the option
You may not have the option to settle....if they see you attempting to purchase a home, they may demand payment in full. Call and ask...will be kind of hard to dispute since it appears to be the OC reporting.
