NEED HELP, First Time User

thompson6581 · 05-19-2008, 11:02 AM

First off, all of you here are wonderfully informative. I've found a new hope for my situation through reading your advice.

Here's my question. I had two credit cards years ago (Aspen/Tribute) which don't even show on my credit report anymore. I pulled my credit report the other day to find that I now have two entrys (Once for the Aspen card and once for Tribute) both from Zenith Acquisition showing this:

Status: Collection account. $595 past due as of Mar 2008
Date Open: 1/2008
Recent Balance: $595 as of 3/2008
Last Reported:3/2008

Same for the Tribute card. Both of these cards are from back in 2002 or so. From what I gather from my reading, that by By posting the debt as a recently defaulted case they have violated FCRA Section 605(a).

Am I right in my interpritation? And if so, what should be my first steps as to dealing with them on these two posts to my report?

apexcrsrvc · 05-19-2008, 12:27 PM

You need to ascertain the date of major first delinquency/last activity/status.

thompson6581 · 05-19-2008, 01:00 PM

How would I go about doing that? I know for a fact that in the very least those cards have been delinquint/closed per credit grantor since June 2006 if not longer.

Hedwig · 05-19-2008, 01:02 PM

Do you have the individual reports from each agency, or are you looking at the 3-in-1 reports you get online? If it's the 3-in-1, get the individual reports to see how it is really reporting.

thompson6581 · 05-19-2008, 01:11 PM

Currently I only have my Experian individual report that I printed through annualcreditreport.com directly from Experian's site. I ordered copies of all three by phone the other day and am still awaiting them.

jlynn · 05-19-2008, 02:10 PM

Does the Experian report show the scheduled removal date? (Sometimes it does, sometimes it doesn't)

Are the OC's reporting a tradeline as well.

thompson6581 · 05-19-2008, 02:28 PM

Yep. Its showing a removal date of 2014. And no, the original creditors don't show up anywhere at all.

jlynn · 05-19-2008, 03:34 PM

Quote:

Originally Posted by thompson6581

Yep. Its showing a removal date of 2014. And no, the original creditors don't show up anywhere at all.

Well that's just ugly. What that alleges is that you first became delinquent and never caught up in 2007 (with the Original Creditor). Wait for your other two reports - they may have differing information.

thompson6581 · 05-20-2008, 03:18 PM

Ok, I'll wait for the other reports to show up. If in fact it is being reported in that they are showing it on all three reports like that, what should my next step be? This is exactly the way its showing on Experian with the obvious ommited. From what I'm reading it still seems that they illegally reaged the account.

Zenith Acquisition
Address: (shown)
Account Number: (shown)
Original Creditor: Aspen Mastercard
Address ID Number: (Shown)
Status:Collection account. $595 past due as of Mar 2008
Status Details: This account is scheduled to continue on record until Jun 2014
Date Opened:1/2008
Reported Since:3/2008
Date of Status:3/2008
Last Reported:3/2008
Account History:Collection as of Mar 2008
Type:Collection
Terms:1 month
Monthly Payment:$0
Responsibility:Individual
Credit Limit:$595
High Balance:NA
Recent Balance:$595 as of 3/2008
Recent Payment:$0

It's the same thing as for the other one listed except the original creditor is listed as Tribute Mastercard.

jlynn · 05-20-2008, 03:22 PM

When was the last time you made a payment to the original creditor?

thompson6581 · 05-20-2008, 03:24 PM

Sometime in 2005 if not longer. If my memory serves, more than likely back in 2003.