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Why Chat and Linda, I need you again but it's long
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Posted by Rick (205.188.209.12) on August 02, 2002 at 03:43:50:
I wrote before and told you I had applied for a mortgage and the underwriter had put on a condition that I take care of some accounts on my credit report. We had a medical disaster with one of our childered in 1995 and had numerous collections. Many of them were paid and there are others that we have been paying on through a credit counseling service for over two years now. My problem is this. Many of the accounts are listed more than once. One collector has probably sold to another but still shows an unpaid collection or in a couple the OC shows an unpaid account and a CA then shows another for the same bill but that isn't expressed on the report. My reports also show 2 unpaid judgements to the same creditor dated 1 month apart for slightly different amounts $2250 and $2500 both with the same case number. I honestly don't remember ever having this or these judgements. I had 2 others I paid through payments and although they still show up unsatisfied on my reports I was able to produce documentation showing they were paid. I had a couple accounts that showed up as charge offs that were reported as rev accnts by original creditors I had never had an account with. My loan officer has not been able to get information as to what the open judgements were for or who or when but it was a hospital we had used. I was able to clear up the paid collections. But all of the collections were verified as mine to the loan officer. I contacted the rev. accnts creditors an it turns out that although the name was the same as mine the ssn and birth date and address were not and they faxed the documentation for the loan officer and said they would remove it. Some of the collections listed I don't believe are mine and are well past statute of limitations to boot. The ones I have been paying on have to be paid to close the loan as the underwriter won't let me continue payments. I could handle that if I have to. I sent verification letters to every creditor because I don't want to pay twice and I'm not even sure anymore who's collecting what. I also challenged all unknowns with the three bureaus. Its been a month today since the bureaus signed for my challenge and almost a month on the validations. I have only had from 1 CA actually validate a small account an 2 others call and yell at me saying that since I had made payments they didn't have to validate anything and nothing from the bureaus. How can they verify to the loan officer even on the ones I disproved and on paid accounts? What should I do next as far as the ones I don't know about? Is it true that if I made payments they don't have to validate? The two nasty agencies are large amounts and are charging 18% and 21% interest so even though I've paid for 30 months the balance has barely gone down. How can I find out about the two judgements and shouldn't I have been seved some sort of papers? I was on the ones I paid. Can 2 agencies report and collect on the same account? I have enough problems on my report but the double reporting makes it appear worse than it is. Fannie May showed my score as 650. How bad is that? My med bills have been so high I have avoided taking out any credit for years except for my family car that I pay a rediculous amount of interest on and 1 credit card with a $300 limit. Our house is a very old trailor that the utilities kill us on in the winter but I was able to pay cash for with the equity from my house I lived in when we had our problem. I make a decent wage for where I live but the collectors seem to get the most. Sorry this was so long. Thanks for the help you have offered in the past. I tried to get them to escrow money until its straightened out but they will not and I now have to resolve this or forget a house by mid Sept. Any ideas will be gladly accepted.
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