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Pinnacle Credit Services.....TX.... advice needed


verbeek98
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The last post in this topic was posted 3271 days ago. 

 

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I currently have an account that was originally owned my MBNA back in 2008 that was charged off during a job loss where I had to let all my cards go. I had abandoned my credit and was ignoring any and everything that was mailed to me or that was over the phone. I am now in the process of really digging down and getting it cleaned back up and this account is one that is haunting me the most.

 

Originally, $11,900 or so was charged off and I guess it ended up wih Pinnacle, 5 years later it shows a balance of just under $25,000. That cant be normal, or am I screwed with this one? The SOL where I live is 4 years

 

I havent sent a DV or anything, i just want to make sure I make the right move with this account. Suggestions?

 

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how is it reporting, and is pinnacle the only JDB that ever had this account, or has it passed thru a number of JDB's ?

 

is there any inaccuracies in the reporting?

 

TX SOL is from the date of the last payment/ last contact with the OC. if you made any partial payments, the SOL was reset each time.

 

below is why JDB's lose - no hard evidence can rarely prove anything and it's really all hearsay.

 

but as you can see, the local judges seem to go with the plaintiff, and it takes an state appeals court to overrule.

 

http://houston-opinions.com/caselaw/Williams-v-Unifund-CCR-Partners-Citibank-Tex-App-Houston-1stDist-2008-sj-for-assignee-reversed-terms-not-proven.html

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Creditor Name: PIN CRED SER

Account No.: **********

Original Creditor: 12 MBNA

Responsibility: Individual

Condition: Derogatory

Original Balance: $11690

Balance: $24533

Date Opened: 05/21/2008

Date Reported: 01/19/2013

 

[TransUnion] Placed for collection

 

Thats the TL with TU, and Im not sure if they are the origianl JDB, but I think that they are. I lost my job in Jan 2006 and let the cards go then so we could keep the house and cars. The OC is not reporting the account anymore on the report, so this is the only thing I have to reference. I would say the original balance seems pretty close, but the current balance is what I am worried about.

 

That said, how do I start to remove this?

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OK, one more thing.....since I havent had much previous activity in cleaning up my credit, I dont have any previous CR. In the link you just gave, one of the lines in the letter was

 

 

"the Original Date of first deliquency on this account was xx-xx-xxxx
according to previous credit report # ___________ furnished by your
firm. see attached copy of report # ________________"

 

I dont have that, all I have is a TL by the OC that just isnt reporting anymore

 

 

BTW, thanks for your help....I havent said that yet

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OK, one more thing.....since I havent had much previous activity in cleaning up my credit, I dont have any previous CR. In the link you just gave, one of the lines in the letter was

 

 

"the Original Date of first deliquency on this account was xx-xx-xxxx

according to previous credit report # ___________ furnished by your

firm. see attached copy of report # ________________"

 

I dont have that, all I have is a TL by the OC that just isnt reporting anymore

 

 

BTW, thanks for your help....I havent said that yet

 

actually, you did.

 

 

The OC isnt on any report, just the JBD with a huge balace.....

 

 

dispute as obsolete, easy as that huh? wish me luck

 

you'll have to either wait, or find a way to dispute the inaccuracies.

 

try the unknown debt letter or letter to JDB on your reports in the sample letter forum.

 

edit these to suit, mix and match, make the letter your own.

 

jdb's get these cut and paste letters all the time and use a std form letter to respond .

 

a custom letter gets a better response.

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