Bank of America Charge Off Assistance Requested

[peterwimm]

Hi there,

 

I am looking for help on what to do for a Bank of America credit card account that was charged off in December 2012. If I remember correctly, I actually paid this account off in full, but I don't remember for sure as I had a number of credit cards in bad states at that time, so one may have actually been charged off.

 

The status is "Closed. $1,992 written off." The comment says, "Purchased by another lender." I do not recall ever being contacted by a JDB for this account, but it may have been them that I eventually paid off in full. Though I would have thought that would have been much earlier than late 2012 or early 2013. The first month reported for this TL on my credit report is Septemeber 2009, and it is clean until January 2011. The following negative items appear from that date:

 

1/11 - 30

7/11 - 30

12/11 - 30

3/12 - CLS

4/12 - CLS

5/12 - CLS

6/12 - 30

7/12 - 60

8/12 - 90

9/12 - 120

10/12 - 150

11/12 - CO

12/12 - CO

 

I do not recall getting any notices in 2012 or thereafter. Anyway, I am guessing I need to send a validation letter. Let me know if that is incorrect. But, if it is correct, can someone point me in the right direction? I would be grateful for a sample letter. I will of course not use said letter, but it would be nice as a starting point to get my bearings and craft a letter to my specific situation. Also, how do I need to send that? Certified mail return service requested?

 

Any help in getting started with this negative TL is most appreciated. Really, I could use step by step instructions or a link to where to find them.

 

Thanks!

[mizliz1011]

First of all, call bank of America and say that you are unaware of this debt... say that to your knowledge you paid them off unless you paid off the wrong account. Ask for the billing statements (they will have them) back as far as they have them. If they have sold it, then they have no skin in the game. If not, you have a chance to make it good.

 

Who is the JDB? it could just be a collector for Bank of A... they sell a lot to Cache.

 

at least you will know DoFD if you get the statements. they are one of the few CCs who save them in the system after chargeoff.

[shifter]

no.

 

don't call them.

 

you want to do a 623 verification.

[peterwimm]

Thank you! I have been browsing for 623 verification guidelines and have found some good information. However, do you have a link or some instructions that would fit my situation the best?

[shifter]

No

[peterwimm]

I am just finishing up with WhyChat's HIPAA program so am getting ready to tackle this BOA tradeline; and it's a baddie for sure. Previously, I was advised a 623 verification is the way to go. And thank you, Shifter, for that.

 

Now that I am fully getting ready for this, is the 623 verification still what is recommended? Are there any other methods that might be more effective? Any and all information is welcome, including helpful links.

 

Thanks!

[tweak]

I don't mean to discourage you, but BOA charge-offs are notoriously difficult to get deleted early.

 

If you want to try, I believe you need to dispute with the CRAs before doing a 623 dispute with BOA.

I suggest reading section 623 carefully in the FCRA before you do anything.

 

For your disputes, you can try to find discrepancies in the way the account is reporting across the 3 CRAs.

Research the "jack attack" and the CYA/guerilla letter.

 

Please wait for others to reply before following my advice.

 

(I also have COs from BOA. But I'm in a 6-year SOL state and DOFD is 5 1/2 years ago.

So I personally decided to wait until I can dispute as obsolete.)

 

Good luck!