Search the Community

I have 1 baddie left on EQ and EX and my TU is now clean. I disputed my Capital One car loan off as obsolete. It is scheduled to come off of the other 2 in September of this year. The whole situation is talked about here http://creditboards.com/forums/index.php?showtopic=508563&hl=%2Bcar+%2Bloan cliff notes of link above: Basically I got a car through Capital 1 blank check in 2005ish. I defaulted on the loan in 2006/07. I had called them to come get the car and they never did. I still have the car and the OC is scheduled to come off in September. There is no CA on my reports for this account. We did a mortgage pre approval last month and I was afraid of this car coming back to haunt us. On my reports the OC is listed as selling this debt to Absolute Resolutions. It has been this way for as long as I remember. I have never received a call about it but I have received a letter or 2 in the past. Today I received a letter and I don't think it is from the same company as before. It says the current creditor is Genco Recovery Co, LLC and their letter head says Debt Recovery Solutions, LLC. It has all of the standard notify us within 30 days bla bla bla. It does not say anything about this being to old to sue but in PA our SOL is 4 years and this is close to 7. So basically my question is this.. We might put an offer on a house today and I would expect to have the loan completed within 30 days. I am not sure how I should handle this letter. Normally I would fire off a DV right away especially since this looks like it has been sold multiple times now. No CA has EVER reported this for some strange reason. I worry that if I DV them they will send my BS validation and then put it on my report. If I FOAD them I worry that they would also still put it on my reports since they have the right to do so. If i just ignore them, maybe they will take longer to report if they ever do since it is so old anyways. They did soft my on 03/14 so they know I am clean and they should have seen my mortgage pull. I figure they will eventually end up on my report but I am trying to delay that happening as long as possible. Worst case is they go on and my house buying is pushed back till mid summer. I am really trying to avoid that at this point. WWCBD?