Can some one help me decipher this CO?

[lemonlimez]

I use MPM to monitor my credit reports and have a charge off showing up under the section for [Installment Accounts: Accounts comprised of fixed terms with regular payments].

 

This C/O is also only showing up on my credit report. Only my Experian.

 

I have not disputed this C.O with any CRAs I have pretty much left this alone but wondering if I should do anything with it or let it fall off on it's own? I am still trying to figure out what this for, it's not a credit card I don't think - but I think it was for a tax refund anticipation check [please don't judge ] when I had H&R block prepare my taxes maybe 7 years ago? I am not 100% sure- but then why would it show up as an installment account?

 

This account is scheduled to continue on record until Feb 2014

 

This is what MPM shows:

 

And this is what it looks on my actual experian report:

 

It shows original loan amount for $106

Then [ok] payments from 2004-2007 - ?

 

If anyone can shed some light on this, I am waiting until August 2013 to dispute anything with CRAs because I am following WhyChat's method of a few medical collections that I have.

 

Should I send a GW to the OC to remove this?

There is no collection showing up on my credit reports for this amount.

 

any input, suggestions would be awesome! :good:I am just at a loss on what to do for this one if anything. Thank you guys.

[ICANHASMUNY?]

how it was charged off when you were never late?

 

you actually made payments - or did the tax refund pay it off?

 

jack attack it.

 

send HSBC a request asking what the $66 was for, and how the charge off occured

[lemonlimez]

how it was charged off when you were never late? I never paid them anything, It didn't make sense to me that i would pay for years on a $106 item

 

you actually made payments - or did the tax refund pay it off? Never made payments, I think they took that off my tax refund amount -- I am still not 100% this is from a tax refund loan anticipation check but it's the only think I could come up with to explain it.

 

jack attack it.

 

send HSBC a request asking what the $66 was for, and how the charge off occured - Got it!, Will get to work on my letter

Thank you! icanhasmuny?!

[ICANHASMUNY?]

HSBC used to run Beneficial finance who issued high interest unsecured personal installment loans

 

but those were generally for 2- 6 K, not $106....

 

send them a facta letter.

 

stating that you don't recognize the account, and don't remember getting statements or making payments.

 

ask them why the account was never late, and then charged off

 

this could be an account that they detremined was fraud - and closed it

 

if they had determined it was fraud it shouldn't be on your report.

 

it's illegal to claim ID theft - but it's OK to ask the OC for verfication under FACTA rules.

 

better than FCRA 623 dispute.

 

 

 

 

HSBC FRaud Dept.

 

 

 

RE Account # ___________________

Dear ( OC name )

I recently reviewed my credit report, furnished by ( CRA Name ) I am disputing the above mentioned account under FACTA rules and regulations. I believe that this may be a result of ID theft.

I have (never had accounts with your bank,) or ( or don't recall this account, ) have reviewed all my records for xx years and nothing matches.

 

However at this stage I truly don't know whether this is ID theft or just a case of file mix ups or mistaken Identity.

 

I don't understand the reporting either - the account was never late, but then charged off

 

( list out the reporting )

 

Please supply all information associated with this account , including;

 

the date the account was opened

 

the method the application was made - by mail, online or in person at a bank.

 

personal addresses,

 

Billing addresses,

 

copy of account application with Signature and

 

history of transactions and payments.

Please provide the name of the bank these payments were drawn from ( the issuing bank) .

I do not recall the mentioned account. and have no records.

 

you will have to supply proper ID - copy of DL, SS #, and utility bill

[lemonlimez]

oh my i just could kiss you! Thank you! I've put together my facta letter and will keep you all posted with results.

 

[lemonlimez]

One question : should i send this via Certified mail?

[ICANHASMUNY?]

yes.

[lemonlimez]

Thank you.

[lemonlimez]

ICANHASMUNY--->> THANK YOU!!!!!THANK YOU!!!!!THANK YOU!!!!!THANK YOU!!!!!

 

I got my green card back Thrusday ( 3 days ago) and today when I pulled my daily report from MPM - this charge off is GONE!
The entire trade line deleted.

 

I haven't received any response back from HSBC... but hopefully it will stay off my reports! Yay, one more negative items off my report.

A million THANK YOUs! You rock.

Edited June 1, 2013 by lemonlimez

[futurehomeowner?]

I mean.. A million thank you's? That seems a little over the top. Maybe like 100K thank you's.

 

j/k

 

Congrats on the deletion.

 

ICAN I hope you get your file where you want it in your other thread. You have done so much for everyone on this board.

[ICANHASMUNY?]

You're all welcome., but please thank the CB owners for this Great Board - because without it I would have lost the fight years ago.

 

 

<snip>

 

ICAN I hope you get your file where you want it in your other thread.

 

? what file in in what other thread?

[futurehomeowner?]

I meant your credit report or lack of I guess

Edited June 1, 2013 by futurehomeowner?

[lemonlimez]

Thank you CB owners!!!