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Ricjason8

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  1. Found out that they have been reporting my loan as Secured Mortgage loan, rather than Unsecured loan. Does that justify as inaccurate information?
  2. Should the steps be : 1)Dispute via CRAs for verification of the loan with/without focus on loan classification being inaccurate? then when verified, approach the OC for a PFD?
  3. keep you updated. I Opt-Out yesterday via optoutprescreen website. It may take 5 days. Is there a way to verify when it finally is opt-out? I will follow peoples advice and will send a Dispute a letter to all 3 CRAs. Please let me know If I am doing this correctly. I printed the dispute form. and Will fill it out with Blue Pen. And under Reason for Dispute, I have to write these in hand written form: Dear Credit Bureau, This letter is a formal complaint that you are reporting inaccurate and incomplete credit information. I am distressed that you have included the below information in my credit profile and have failed to maintain reasonable procedures in your operations to assure maximum possible accuracy in the credit reports you publish. Credit reporting laws ensure that bureaus report only 100% accurate credit information. Every step must be taken to assure the information reported is completely accurate and correct. The following information therefore needs to be re-investigated. I respectfully request to be provided proof of this alleged item, specifically the contract, note or other instrument bearing my signature. Please provide proof that this contract type is infact a Mortgage loan rather than an unsecured loan. Failing that, the item must be deleted from the report as soon as possible: The listed item is completely inaccurate and incomplete, and is a very serious error in reporting. Please delete this misleading information, and supply a corrected credit profile to all creditors who have received a copy within the last 6 months, or the last 2 years for employment purposes. Please advise me as to the correct name and current address of this creditor, the name of the account holder, and the reported date of first delinquency,as any account I might have had at one time would be obsolete. If you can obtain this information, I also would need the name of the person providing this data, and the manner in which it was provided in order that I may pursue additional legal remedies. Additionally, please provide the name, address, and telephone number of each credit grantor or other subscriber. Under federal law, you have 30 days to complete your re-investigation. Be advised that the description of the procedure used to determine the accuracy and completeness of the information is hereby requested as well, to be provided within 15 days of the completion of your re-investigation. Sincerely, Enclosures: (Circled account(s)) ------- Please let me know if I should add the Red marked above. Or I should go generic and hope they cannot verify the loan? I am confident that the loan is an unsecured loan, rather than a Mortgage loan (Secured) that is being reported and actually holding up my pre-approval for a Mortgage loan.
  4. Some updates: Going thru a Mortgage application, the mortgage broker informed me that they pulled up my report and they see that the loan I had chargedoff was a being reported as secured "mortgage" loan. My memory was that I took out an unsecured loan. And at the time that I took out this loan, I did not own any property. The loan was labeled Home Improvement. After ravaging thru my files, I finally found the agreement terms of the loan, and based on the language, I think its UNsecured loan. I showed this to the broker and he agree that it does look like it is an unsecured loan. How should I go about this? Try to contact Credit bureau and dispute the inaccuracies? Is there a chance to dispute it to be deleted? How should i dispute it if so? Any advice would be appreciated. thanks in advance.
  5. Thanks for the advice Hdporter. We have gone ahead and applied for prequalificafion from J.P. Morgan chase. And have been prequalified successfully. Honestly everything is moving so fast. We actually found a house we want to close today. One of the benefits at work is having a subscription active for Hyatt legal representation at my disposal. So real estate and debt matters are covered. Is it advisable to just utilize a lawyer to settle with the bank? Is it even possible for pay for delete? I’d rather much get this off my report even if it means paying in full.
  6. What’s the worst that can happen when there is litigation? Risk of lien on the new house? And what’s the worst case of that? Sure to pay full of 12k? I can pay full of 12k . If it is OC who still has it, what’s the likelyhood I can settle or pfd at this point(2.5 years from chargeoff)?
  7. No I do not remember getting a 1099 for a chargeoff. How do I go about getting this? I am was under assumption it was sold to CA due to the fact that I was receiving offers to pay less than amount from one company called NCB then another company after a few months. Then I stopped getting offers last year. How do I go about figuring out who is reporting? How do I decipher this from credit report? all it says is TD bank. sorry for newbie questions.
  8. Hello all, I am trying to get a mortgage in hopes to buy a house. I have one chargeoff (TD bank for about 12k, unsecured "mortgage loan- home improvement") with a last payment on 4/2017, and chargeoff on 7/2017. I used to get collection agency offers before but I have since stopped getting them from my mail. When I go to my TD bank account, it says that the balance on the loan is $0- closed. My credit report says that the account is also closed. How should I go about this situation? My SOL is 7 years. So I still have ways away and waiting out isnt an option for me. I have the capability to pay for it full, is it possible to get an offer by OC? any advice is appreciated.
  9. Hello All, Its been a while that I have posted. My previous post was about getting advice on how to go about getting rid of a Charge off in a Collection Agency phase. I took a collective advice of waiting out one more year before doing anything, and so I am back to get more advice. (Attached below is my previous post for referral purposes) Its been near 3 years now since I had a bad mishap on my financial and I have since clawed back to paying back most of my debt/loans. I am now on the phase of trying to apply for a mortgage very soon and I want to try to clean up my credit as best as I can. I have one charge off on my credit that amounts to about 12k. It was an Unsecured loan considered as a "Mortgage loan - for home improvements". At the time, I didn't have any home under my name, and I explained that I was helping out my family on fixing up my mothers old house. Facts: The account was a TD bank and "Chargeoff" on 9/6/2017, for $11,962.40. with the last payment on 4/24/2017 with made the balance to 0 by 10/2017. I began receiving calls from Collection Agency soon after. Started receiving offers to pay less of $11,962.40 from NCBManagement around 1/2018(sorry forgot what to keep the mail) 3/1/2018 - 6/1/2018 offer was $8373 on 9/2018 I started receiving offers to pay less now from a different company called Radius Global Solution. offers was $5981 from around 9/2018-12/2018. I am not entirely sure when the mail offers actually stopped coming in 2019, but they did stop. And upon the advice I received here, to wait until 2020, I told myself I will come back her to get more info. 2020- My journey to purchasing a home with my gf. We went to the bank to see if we can get preapproved/prequalified. I was met with a question regarding my history of charge off. and I was adviced to look at my report and see if I can dispute any. Off to pulling my report from the 3 Bureaus. Upon inspection here is as follows that I see that may not be "accurate". (please advice if so/notso) on Equifax: Last payment was april 1st 2017 actual: april 24, 2017 equifax chargeoff amount was 11922 actual: 11962.40 *equifax balance state: 11962.00 equifax amount past due 11962.00 Date reported: 11/30/2019* I rechecked my account in TD, and it states that the balance is $0. but equifax reports this recently on 11/30/2019 that its charged off with balance 11962. On Transunion: Charge off shows: 9/2017-10/2017 - 0 balance then 11/2017 to 3/2018 no data then 4/2018 - balance is 11922, then 05/2018- 11,962 then 06/2018 & 07/2018 11,922 then 08/2018 to 09/2019 - $1,192 (thats right only $1,192 instead of 11,922 a month earlier) then 10/2019 no data then 11/2019 balance 11,962 (chargeoff again) transunion report leads to believe that on 10/2017 - it should show 0 balance, then for some reason balance got messed up to 11922, corrected to 11962, then messed up again to 11,922, then messed up on 8/2018 to 9/2019 (a full year of report) of 1,192. then no data on 10/2019, then im guessing correction on 11/2019 where it was reported AGAIN as chargeoff of 11,962. I really am looking for any advice on how to go about disputing these inaccuracies. Id like to give thanks and appreciation for all the help that Whychat and Rocket gave last year. Also, My financial advisor mentioned something regarding the risk of putting the house under my name in part due to the chargeoff and the possibilites that a Collection Agency can put a Lien on the property that I buy. Can anyone comment on this?
  10. How do I go about doing this? Is there a high success rate of being able to get TD bank (OC) to take off charge off? Do I just call random TD branch and ask for manager? I do have enough to pay them in full. Just would like to get this out of my record.
  11. Hello all, sorry I’ve been MIA and I truly appreciate your responses so far. WC- yes so far I’ve seen it reported on all 3 reports, but all different time frame. The most recent one reported was the last one of the three, and it was reported on 5/5/2018. My three credits differs now, with the one that reported the charge off first being the best one because im guessing its older, and the newly reported tanked my credit down to 650, with the older credit now at 710. And it stated creditor: TD. Does this mean TD still has my file? Or JDB reported for TD?
  12. WC- I don’t think I know of any correspondence in TD. Is there a way to find one? Honestly, it’s been so long, and between forgetting about that loan and all the other things that happened that year, I probably trashed any letters from TD that year, so I’m not sure if I received any letter of transfer/sold. How do those normally look like? Is it allowed to post pictures of offer letters here? Sending a a letter of request to TD, who would it be COed to? Rocket— I wish I have the balls you have to be aggressive that way, but between having a share on a small business I’m afraid they might snoop that up.
  13. Again thank you both for commenting. After reading both responses I can see both states the common idea of not communicating with CA or JDB, and to try to focus on/clear things with credit bureues myself. For the record, as why chat explained, the SOL of this is 6 years since this is a TD loan rather than a credit card. 1st Q would be, how do I exactly go about clearing things with the credit bureau? And what exactly should I be targeting with the credit bureau if that’s the only anomaly that’s in my credit? 2nd, WC— I do have the full funds to pay for the debt, and I don’t mind doing so but I just want to make sure it clears the charge off my credit. But I wouldn’t have the funds to pay for lawyer 💰 AND full debt. Is there any easier way to rectify this within the the debt budget? 3rd, rocket— would JDB ever agree to pay for delete? And do they even have that authority? Or would it be only the original creditor that has that authority? I apologize for continuing to ask this. But I’ve read some confusing conflicting info elsewhere where the best way to get rid of charge off is contacting original creditor. How do I tell if a JDB owns the contract now? Sorry for the newbie questions guys, for now I will start by reading the WC guidebook to clean up inaccuracies, but even doing so, my main objective is that I want to try to rectify this charge off and get it cleared off my credit in a strategic and not-so-time-dragging way. Any other recommendations is always appreciated.
  14. First off, Thank you guys for taking time on commenting on my issue. I’m not looking for a mortgage right now, maybe in the future but would like to have this fixed before doing so. I don’t mind paying in full if that deletes the charge off my credit. WC- You mention to contact a lawyer, but would they get rid of my charge off or just negotiate my debt? (They already offer 30% off, but I doubt they would delete it after I pay them) Would it be similar to signing up for services such as Lexington law? Lawyer sounds like exponential expense that may be over my head, would you Estimate it over the value owed for lawyer fees? Im definitely not waiting until SOL, would rather get rid of it soon, just trying to come up with a plan that I may be able to do as long as I get rid of the charge off from the credit. Even if it’s paying for full amount. Please do continue to shoot advices. Rocket— would you say that I should contact the collection agency even with the risk of getting advanced by them after my initiation of response? I read somewhere that it’s best to contact original creditor(TD?) for better chance to delete charge off? Is this true?
  15. Why chat— thank you for the advice, if the loan was taken out of TD in New York branch, but I live in New Jersey, does my SOL reflect in NJ? Also, what if I’m trying to clear my credit as to try to use my credit in the nearer future (next year) to try to buy a house? What would you suggest I do to try to get this off my credit?

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