[jaxcred]

Hi all,

I have been reading many of the posts here lately and thought maybe I can get some help with this issue.

Around 2001 I had 2 large credit card balances that went into default and were sold to collection companies. One still exists and is basically one I am sitting on and letting drop off (they increase the balance $1000 per month and will not negotiate, so I will never pay them), the other ID the one I have problems with.

At that time I hired a bankruptcy lawyer and was considering filing. The account in question called me one day and I told them "My lawyer advised me to tell you I am filing bankruptcy and to contact them from now on". After that I got no contact. I never did file bankruptcy, since I learned that in most cases I could be rid of this stuff in 7 years vs. 10 years with a bankruptcy.

Well for the last 7 years I have accepted bad credit, I have cosigners so the things I need I am able to get. I am now however going back to clean up my credit and I find that it was FULL of errors, which luckily all but one has been fixed.

This CC account has a status from 2001 that states "charged off and included in Bankruptcy chapter 7, 11 or 13" on the status. The collection company it was sold to I paid IN FULL and have a letter from them stating this with the account # showing.

I just disputed the claim that I had a bankruptcy charge off after I applied for a AMEX and one of the factors for denial was "Past bankruptcy". After 30 days the company returned a updated credit report but DID NOT remove the bankruptcy, they only added a notation to state it was sold to an outside company. They have no proof I declared BR since I never did and they still verify to the credit agencies that they BOTH discharged due to BR and sold the debt to an outside company.

I have called them before the dispute, and after the dispute, and they state I have to go through the credit reporting agencies. Where should I go from here? It is with Compass bank and was a credit card. I also have the paperwork showing paid in full. I already disputed once and these scumbags still say they validate I have a BR. I am now paying double for my mistakes, ruined credit due to bad debt and a phony BR show up every time I apply for credit.

(On a side note, two other errors I had to have corrected were old compass accounts I paid in full and they still sold to outside companies AFTER I paid them off, now apparently those companies state they will file grievances/suits with Compass after I provided proof of payment in full since there was no debt to sell).

Thank you for any advice.

[Pale Rider]

Did you dispute through the CRA's? Or, just directly with the data furnisher?

[jaxcred]

Disputed through Experian. Waited 30 days and they just informed me of the resolution, but the only change was a "Creditor note" added that states "Purchased by another lender"

Basically I am getting Experian as clean as can be, then going to the other two to make sure they match up. The other two refuse to give me a free report since they say they cannot match up my info (I move a lot) so I will have to pay, so no point in paying till I have this one clean.

Whats so bad about this is it has no date showing that it will drop off my report, even though its a few months from 7 years, and I think its because its showing bankruptcy involvement and set to stay for 10.

[jlynn]

Originally Posted by jaxcred

I think its because its showing bankruptcy involvement and set to stay for 10.

Only the Public Record of your BK can stay for 10 years. Any bk tradelines will fall off 7 years from the date of first delinquency. I know you never filed BK, just wanted to let you know it will fall off in 7 years regardless.

Call Experian and ask them when it is scheduled to fall off. They don't like to report the date, but they do have it.