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HomeCredit ForumCredit repair

CA not reporting payments

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ebe



Joined: 25 Jul 2008
ebe's page
Posts: 3



324 Magic Points
Subject: CA not reporting payments
 
 Posted on Fri Jul 25, 2008 9:20 pm  
I am paying off a CA for 3 months for a Capitol charge-off
Aren't they supposed to be reporting this to CRAs?
They aren't.
Can I threaten them to stop payments till they report?
Has Capitol washed their hands of me now; or could I go back to them?
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3235



2257 Magic Points
 
 Posted on Fri Jul 25, 2008 11:20 pm  
I have never had one report payments for me when paying them, The original credit card company probably won't deal with you now.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 376



4057 Magic Points
 
 Posted on Fri Jul 25, 2008 11:28 pm  
If Capital one has sold your charged off account to another company they have nothing to do with your accoutn anymore. I would say the chances of getting another card with them are slim.

As far as your agreement with your CA have they reported anything to the CRAs over the past 3 months? Also do you have a written agreement? Sometimes they wait until a few payments are made to list improvements on your CR. You nreally dont want to stop payments b/c they could sue you. I would call them and inquire into why they have not updated your account.
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sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1127



1045 Magic Points
Subject: debt
 
 Posted on Sat Jul 26, 2008 9:33 am  
I was making payments to a CA, from an account that was 'sold' to them. I thought as soon as you start making payments, they are suppose to 'update' your CR. Well..........the CA wasn't. That was my understanding with them when I wanted to make this debt 'good'. About 3 payments later, the CA told me they don't update CR's until the debt is paid. NOW.......I have TWO inquiries ( Cash Call and this CA) on my CR for the same debt.
 
Algernon



Joined: 26 Jul 2008
Algernon's page
Posts: 1



50 Magic Points
 
 Posted on Sat Jul 26, 2008 11:27 am  
As far as your agreement with your CA have they reported anything to the CRAs over the past 3 months? Also do you have a written agreement? Sometimes they wait until a few payments are made to list improvements on your CR. You nreally dont want to stop payments b/c they could sue you. I would call them and inquire into why they have not updated your account.


i think that you sure above given information.thanks





Insurance Company
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1127



1045 Magic Points
Subject: ca
 
 Posted on Sun Jul 27, 2008 9:17 am  
No...it wasn't written. ALL 'agreements' were made over the phone. Also.....everyitme I call, the 'rep keeps telling me that I need to speake to a " certain person." This 'certain person' doesn't seem to be there a lot. I get transfered to the 'persons' ext., but, I'm always getting the voicemail. yep..I leave messages. Very rarely do I get a call back.
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 376



4057 Magic Points
 
 Posted on Wed Jul 30, 2008 9:14 pm  
I would send that certain person a letter asking fot them to put your arrangement in writing
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fireyone



Joined: 26 Feb 2008
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Posts: 3245



1245 Magic Points
 
 Posted on Thu Jul 31, 2008 6:55 pm  
That would be very wise to do. Usually from what I have come to understand that most wait until the debt is fully paid and then update. Getting something in witing is going to be your best route. CMBV once a debt is paid don't they have to at least update it and show it was paid?
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Mon Aug 04, 2008 3:25 pm  
They sure don't hesitate to report the delinquency do they?
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3245



1245 Magic Points
 
 Posted on Tue Aug 05, 2008 3:42 am  
Nope and the they don't really like to work with you either. Cmbv is really right on this one I would definatley get the arrangement in writing. I don't feel as if it is that much to ask for if they want to work with you.
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 627



-15 Magic Points
 
 Posted on Wed Aug 06, 2008 5:26 am  
Did you have an agreement with them to report payments, I am not sure that this is common practice unless you get it in writing from them?
 
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 531



13585 Magic Points
 
 Posted on Wed Aug 06, 2008 7:46 am  
Hi sdchargers
I would also suggest you to get the pay for deletion agreement in writing first before making any further payment. This is because even if you pay back your debt in full, they may not remove the listing from your report and you will have no proof to send to the credit bureaus to make them delete the listing.
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Justin
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 627



-15 Magic Points
 
 Posted on Thu Aug 07, 2008 1:54 am  
good catch here sdchargers, now would be a good time to negotiate the pay for delete.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3245



1245 Magic Points
 
 Posted on Fri Aug 08, 2008 1:41 am  
Its a shame that any time you pay a past account they just don't delete it. If you work hard and are not in the habit of collecting a lot of debt why should it be such a pain to get removed?
 
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