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I have a charge-off that is still with the original lender.  How do I begin to dispute this.  Do I ask for validation first or do I start with the 609 letters.  

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2 hours ago, southside said:

I have a charge-off that is still with the original lender.  How do I begin to dispute this.  Do I ask for validation first or do I start with the 609 letters.  

How fresh is this?  Are you within your jurisdictions limitation window?  How much is at issue? 

 

Additionally, what have you done previously with regard to this particular account?

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Posted (edited)

My last payment was December 2018.  I am in the state of Texas, the statue of limitation is 4 years.  Total amount is $6,289.  I haven't done anything previously with this.  

 

I guess I need to wait another 2.5 years before I can do anyting?  Is this because it is still with the original lender?

Edited by southside

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2 hours ago, southside said:

My last payment was December 2018.  I am in the state of Texas, the statue of limitation is 4 years.  Total amount is $6,289.  I haven't done anything previously with this.  

 

I guess I need to wait another 2.5 years before I can do anyting?  Is this because it is still with the original lender?

WHO is the lender in question? 

 

I am not a proponent of necessarily waiting but then again, I am not afraid of a courtroom or of my telephone...avenues that may be available are very much a fact-dependent issue. 

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1 hour ago, centex said:

WHO is the lender in question? 

 

I am not a proponent of necessarily waiting but then again, I am not afraid of a courtroom or of my telephone...avenues that may be available are very much a fact-dependent issue. 

It is Chase bank

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9 hours ago, southside said:

How do I begin to dispute this.

WHY exactly are you disputing it?  Is there something inaccurate about how they are reporting the debt?

9 hours ago, southside said:

Do I ask for validation first or do I start with the 609 letters.

609 letters are not some magic method of removing accurate negative trade lines.  

4 hours ago, southside said:

I guess I need to wait another 2.5 years before I can do anyting?  Is this because it is still with the original lender?

It is because they still have at least 2.5 years to sue you for the debt and being the original lender will have all the documents to prove their case.  Disputing this now trying to get removal is likely to only "poke the bear" so to speak.  CHASE will probably view any dispute(s) now as you wanting or needing credit and that could cause them to escalate their collection efforts to force you to pay them.  

 

Given the economic uncertainty I would lay low.  The chances they do nothing while this covidiocy nonsense and the fallout plays out is decent.  Once the SOL to sue expires then go at it full tilt.

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4 hours ago, southside said:

My last payment was December 2018.  I am in the state of Texas, the statue of limitation is 4 years.  Total amount is $6,289.  I haven't done anything previously with this.  

 

I guess I need to wait another 2.5 years before I can do anyting?  Is this because it is still with the original lender?

No-- it is because any dispute of any kind would be an indication that you are concerned about your credit-- which means you are trying to protect assets and/or income. That is an open invitation to sue you.

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13 hours ago, southside said:

Yeah, I will just waiting some more.  I don't want to have a lawsuit coming after me

In Texas, the reality is that banks (aside from AXP) tend not to be quick to litigate.  Some of the third-party purchasers might, but even that is very much dependent on the County in which one resides. 

 

You CANNOT live in fear though. 

 

That being said, this may ALSO be the best environment for people who are not afraid of their phones to enter into negotiations with bank executives.  They are also hurting for money and, as such, are more willing than normal to entertain settlement negotiations with a defaulted consumer who wants to make things right.  The account is not eligible for a re-opening under Rule 5000, but there is nothing to preclude them from deleting the existing reporting and even shifting the balance into a new account, after which the consumer makes payments consistent with the Agreement. 

 

Obviously this becomes a moot element if you were not looking to enter into payment arrangements...

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