Jump to content

two companies merge, who should report?


The last post in this topic was posted 4591 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts

I know I've posted about this account before, but everytime I pull my reports and see it on there I get tee'd off all over again. I just doesn't seem as if they can report this way.

 

ABC1

Account Number: XXXX Current Status: CHARGE-OFF

Account Owner: Individual Account. High Credit: $0

Type of Account Installment Credit Limit: $0

Term Duration: 18 Months Terms Frequency: Monthly (due every month)

Date Opened: 2004/04 Balance: $0

Date Reported: 03/2007 Amount Past Due: $0

Date of Last Payment: 02/2007 Actual Payment Amount: $0

Scheduled Payment Amount: $79 Date of Last Activity: N/A

Date Major Delinquency First Reported: 09/2005 Months Reviewed: 30

Creditor Classification: Activity Description: Transfer/Sold/Paid

Charge Off Amount: $0 Deferred Payment Start Date:

Balloon Payment Amount: $0 Balloon Payment Date:

Date Closed: Type of Loan: Unsecured

Date of First Delinquency: 04/2005

Comments: Charged off account

 

ABC2

Account Number: XXXX+1 Current Status: CHARGE-OFF

Account Owner: Individual Account. High Credit: $1,188

Type of Account: Installment Credit Limit: $0

Term Duration: 18 Months Terms Frequency: Monthly (due every month)

Date Opened: 2004/04 Balance: $0

Date Reported: 03/2007 Amount Past Due: $0

Date of Last Payment: 02/2007 Actual Payment Amount: $0

Scheduled Payment Amount: $79 Date of Last Activity: N/A

Date Major Delinquency First Reported: 10/2006 Months Reviewed: 28

Creditor Classification: Activity Description: Closed

Charge Off Amount: $0 Deferred Payment Start Date:

Balloon Payment Amount: $0 Balloon Payment Date:

Date Closed: Type of Loan: Auto

Date of First Delinquency: 04/2005

Comments: Charged off account

 

Don't know where to start.

ABC1 sent to inhouse collections 10/06, whom I pif 2/07. They sent me pmt his, copy of contract and their prnt scn of acct info. Per this info, my last pmt date is 9/05 but it did not bring me current so the Date of major del is 4/05. Also this is not an auto loan as ABC2 reports. It has an auto as security along with some other items.

On 12/20/06 ABC1 gave ABC2 consent to use their trade name in my state. Then on 12/31/06 ABC1 and ABC2 merged. According to the merger docs filed with the secretary of state, ABC1 ceases to exist as a seperate entity on 12/31/06. In 3/07 ABC2 (AFTER I pif) reports to CBR's as charge off unpd with inaccurate dates and same acct #, except one digit added on end (prior to this date, they did not report at all). On same date, ABC1 updates as $0 bal. This was in response to a request to update pif info on ABC1. Now I'm confused b/c I don't think you can have it both ways. Attempts to have either removed, as they are the same account and ABC2 still operates as ABC1, came back with the result of "not the same account" due to 1 digit difference and EQ will no longer investigate these accounts.

 

Any help here would be much appreciated.

Link to post
Share on other sites

It seems like the most success in deleting reporting accounts like this has been to dispute both accounts directly with the CRA's. Many times, the department within the new merged company which responds to the CRA's, either electronically or via hard copy, reporting will delete one or both of them if they are forced to verify by the CRA.

 

So which of the CR's do these report on, and have you recently disputed (or reinvestigated) with EQ? It seems like your prior dispute was worded in a very specific way, so the person or computer doing the companson merely compared account numbers and immediately rejected it based on those being different. A simpler dispute of both accounts (this account is inaccurate, acct #2 is inaccurate) would force them to do a real investigation and verification.

 

It seems like the response EQ gave you implies they did not actually do a verification with the furnishers, they did a comparison of the account numbers within the EQ file. That is why the response came back the way it did.

 

That is my take on it at least.

Edited by BubbaGump
Link to post
Share on other sites

The last post in this topic was posted 4591 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Member Statistics

    • Total Members
      180,602
    • Most Online
      2,046

    Newest Member
    Jleonard2004
    Joined
×
×
  • Create New...

Important Information

Guidelines