DISCOVER Card

Posted by KathyD (24.88.105.17) on June 18, 2003 at 19:11:35:

Here's what it says on the Credit Report (we're in SC):

Pay Status: Collection/Chargeoff (all 3 CB)
Date Opened: 12/1993 (all 3 CB)
Date Reported: 11/26/1999 (Experian)
11/01/1999 (Trans Union)
01/2002 (Equifax)
Balance and Limit: - (Experian)
$6917 out of &4900 (TransUnion)
Balance of $0 (Equifax)
High Balance: $6917 (Experian & Trans Union)
Past Due: $1059 (Experian & Trans Union)
Remarks: Purchased by another lender. Unpaid balance reported as a loss by the credit grantor (Experian)
Charged off as bad debt. Profit and loss write-off (Trans Union)
Consumer disputes account - says never late (Equifax)

Two Year Payment History: Experian shows LATE payments starting from Apr 1999

Trans Union & Equifax show: NONE REPORTED

My husband remembers paying this Discover card many years ago (doesn't have receipts due to "working/living on the road" for many years).

Should we go ahead and ask for VALIDATION from DISCOVER CARD that we still owe this amount ?

Should we just let it "die down" and wait for some "collector" to come after us ? or hang in there until April 2006 (7 yrs) ?

Or maybe DISPUTE this to the 3 Credit Bureaus and let them "validate" or "investigate" that we owe this amount ???

Thank you :)

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