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Found 6 results

  1. I have a judgment from Bank of America on my credit report from an old checking account. They sent me a 1099-C cancellation of debt form. I called them and they said I no longer owe the debt and they will not try to collect on it anymore. I've tried to get it off my reports using techniques I read on hear but no success so far. Do you think I can mail the bureaus a copy of the 1099-C to get it deleted? Has anybody had any success with a 1099-C form?
  2. Hello, In late December 2013 I received a letter from a creditor stating that they would no longer try to collect on a credit card debt but that they would be filing a 1099-C for 2013. The last payment, as listed on all 3 of my credit reports, is June 2007, so already nearing the 7 year mark. I have read that a creditor "should" file a 1099-C within 3 years of the delinquency but I do not plan to dispute the 1099-C or look for an exception, I will arrange to pay what I owe to the IRS. This debt, though in my name, is not actually mine but for personal reasons I cannot pursue thi
  3. So here is my 1099 story. The code they used is G - Decision or policy to discontinue collection. · Just got a 1099 from Bank of America. · BOA never attempted to collect the debt. · The debt dates back to 2003 when it was taken as a loss from the original bank. · The debt was bought and sold by a variety of CA’s several times through since 2003. · The account of debt was “returned” to BOA in December 2013. · BOA apparently bought the bank that originally gave me the credit card hence why they sent me the 1099 This is my debt – no q
  4. There's growing chatter here as of late about the flurry of 1099-c forms going out to (former) debtors. Before the threads go in a hundred different directions, I was hoping we could wrangle all the questions and answers into one thread or perhaps one of the board gurus can slap together a Master Thread. I ask this not only in the spirit of altruism (so that future generations can find a central repository for our knowledge and not go nuts as we all did in the past looking in 100 places for one answer to one question), but also for personal reasons... The gurus here helped me fix up my wif
  5. As some of you know, last March, I received a notice from the IRS that I had underreported my income for 2010 by more than $2700 as a result of 1099-C filed by Portfolio Recovery Associates. I argued my case with the Automatic Under Reporter unit but, this past August, I was issued a Notice of Deficiency with a tax bill (including interest) of over $800. While this isn't a huge sum, I objected primarily because the debt that generated this supposed income was defaulted on in the mid-90's and I believe that I had evidence that an "identifiable event" had occurred long before 2010. Rather tha
  6. Discover sent me a 1099-C in January 2012 for an business account that I was guarantor for and which was discharged personally in BK Ch 7. Now after disputing it with OC using Section 623, they started sending bills addressed to the business at my home address. My question is, once they enter 1099-C, how can they keep billing for it to the business entity? Business name is similar to my name, is their sending this to my home address some kind of violation that could be used to get it deleted from my personal credit report?
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