Need advice for First Tennessee

[NTB]

Hi CB. Just got a letter from First Tennessee. They owned a mortgage for an investment property of mine a few years ago. So far, here's what I've done:

 

1. Opted out

 

2. Deleted all old addresses

 

3. Sent a DV letter to them even though they were the OC at one time. They sold the loan before I foreclosed.

 

Their response to me was that they were unable to determine my identity and requested to have me call and discuss the matter further. In my letter last month to them, I gave them my name and prior First Tennessee account number. Some more facts are these:

 

1. The loan was sold in September 2009

 

2. I have two 30 day lates, three 60 day lates, and a 90 day late covering 2007, 2008, and 2009.

 

3. First Tennessee is reporting to all 3 CRA.

 

My question would be, what do I next?

[Analysis]

Coincidentally, I had a mortgage with First Tennessee, and they folded so easily it was truly scary. Had I been one of their shareholders I'd have revolted.

 

My personal opinion is that DV's are step two, not step one. To me, since your addresses are gone, and addresses are a critical part of a CRA " verifying " electronically, they have to go out to the furnisher to verify again. The time, effort, and difficulty matching without an address makes deletion far more likely.

 

So why don't you read and understand the Jack Attack, authored by Jack 1212? Those letters are sent to the CRA. I do not recommend sending another DV to them at this point, until you dispute at least twice with each CRA. In fact, with your addresses gone, it is my belief the first dispute may hey all three gone--EQ, TU, EXP.

Edited June 21, 2014 by SBA

[NTB]

@ SBA - Ok. I'll read that. It's been several months since I read about the Jack Attack. I'll be sure to hit up later with questions if you don't mind. Meanwhile, I'm gonna celebrate my 12 "non-FICO affecting" deletions this week with a certain goose who's grey in color. BAHAHAHAHAHAHAHAHA!!!!!!!!