Posted 11 March 2012 - 08:43 PM
Posted 11 March 2012 - 08:43 PM
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Posted 11 March 2012 - 09:00 PM
- Have you obtained recent copies of your three credit reports through the US Mail?
- If so, how many credit accounts are derogatory on each CR?
- What is your state's legal SOL?
- Have you any active, current, and well used credit accounts?
- Any medical collections?
Posted 11 March 2012 - 10:05 PM
TransUnion Experian Equifax
Total Accounts: 14 19 17
Open Accounts: 7 1 6
Closed Accounts: 7 18 11
Delinquent: 1 2 1
Derogatory: 10 14 12
Balance's: $8648.00 $46339.00 $21135.00
Payments: $1497.00 $10.00 $2074.00
Public Records: 1 1 0
Inquiries(2 YEARS): 1 1 0
And yes there is a couple of medical bills on there as well. I hope this information will help someone to be able to help me. Again, Thanks for all of your help.
Posted 11 March 2012 - 10:30 PM
Posted 11 March 2012 - 10:37 PM
First, LEGAL SOL for the state of Tenn is 3 years since the date of the last payment you made to each account. What does this mean to you? The state in which you live allows you protection from any lawsuit for any credit card account where you made the LAST payment before March 2009. So if you made the last payment to account # 1 in late 2008, a collector or creditor cannot sue you for that account. 3 years is the shortest SOL in the USA, so consider yourself fortunate in that way.
Medical collections are very unique. FEDERAL laws, not state laws, protect you in very specific ways. Look into the medical collections forum on this site for details on everything medical, dental, eye care, etc. Use this forum for any of the medical collections.
My personal opinion is the first thing to do is delete old addresses from your three credit reports as it helps with deletions if you do it first, then dispute with the CRA's. In the meantime, read about the 1-2 punch, the Jack Attack, validation (AKA Debt Validation, or DV), the 623 letter, etc.
If I were you I'd begin to " triage " your accounts, separate them out into categories: medical, credit card past SOL, credit card within SOL, etc. To determine SOL, you are looking for the last payment, so it varies from account to account. Then, most people choose a course of action for each category, like send DV letters to the accounts showing as owned by a Collection Agency, etc.
That'll get you started, eh?
Posted 11 March 2012 - 11:39 PM
Here is some example's of things on my report:::
HSBC Bank C/O in March of 07
Plains Comm C/O in June 07
CreditOneBank C/O March 07
First Premier C/O March 07
HSBC Ban C/O Feb 07
CCS/First Nat. Bank C/O Jan 10
SanTander C/O Feb 10
Tn Comm Bank Open but never paid on this account at all but supposedly opened in 08
Portfolio Rec 04/08
Portfolio Rec 05/07
Nationwide Rec 08/09
Mid South CB 12/08 Medical Bill
Cons Rec Sys 02/07 Medical Bill
LHR 11/11 Capital Card Services
AFNI Bloom C/O Feb 09
LHR C/O Feb 10
LVNV C/O Nov 11 They state unknown credit and I don't know it is either
Portfolio C/O Feb 10
State Tax Lien 07/04 but states amount owed 0
With all of this info what is your suggestions as to how to proceed with this. Please let me know. Thanks, Frankie
Posted 11 March 2012 - 11:53 PM
Why did Lex Law not tell you this? Because it is not in their methods. One of the over riding themes in their methods is: If it takes time, we can bill you for months worth of payments while we are " working " on your credit.
They use a small portion of the methods available, and you just discovered one of ones they do not use. Chalk it up to experience....
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