Back in 2003, I obtained an installment loan from First Credit Corporation, for the purchase of a Kirby sweeper. During the installment agreement, I did default on the loan, due to another job loss.
First Credit Corporation obtained a collection agency by the name of Receivable Management Systems, located in Bensalem, PA. In March of 2006, this collection agency assisted me in a settlement program with First Credit Corporation to pay off this debt. I paid off the settlement by July of 2006. It was settled for less than the original amount of the loan.
In return, Receivable Management Systems, sent me a letter of good faith, stating that the debt was settled in full through their office, regarding First Credit Corporation. Receivable Management was very helpful to me, believe it or not.
Ever since this has been paid off, I have informed the Credit Reporting agencies, Transunion, Experian and Equifax, that this account was settled. I even sent copies of the good faith letter to these agencies. My credit report does show that this account was settled. Understandably, this debt will continue to stay on my credit report until 2011.
Meanwhile, First Credit Corporation continues to add new derogatory state ments to my credit report, as recent as June 2007, a year after this account was settled. My credit report states their was a derogatory statement made by First Credit Corporation in June 2007. The notation on my credit report states a code reason of "9P Paying with MOP 09." I do not know what this means.
So, I called First Credit Corporation myself, about this matter. I believe I spoke with a woman by the name of Jeanine. Mind you, this woman was a total B!&@# on the phone. This woman really needs to work on her customer relations skills. Anyway, I wanted her to explain to me why First Credit was continuing to add derogatory statements to my credit report. She totally denied that they were doing this. She goes on to explain that the account was settled IN FULL and that this stays on my credit history for a decade. But, I contined to ask her why is First Credit continuing to make derogatory statements on my credit report as recent as June of 2007. She got really angry, bypassed my question, and hung up the phone.
I have settled other accounts on my credit history, and past creditors have not added derogatory statements to my credit history ever since. Only First Credit has, and this needs to stop. I want to know what I have to do to stop this. First Credit shouldn't be adding these statements to my credit history after the account was settled over a year ago. Like I've said before, past due accounts that have been paid off continue to stay on a credit history for several years, but derogatory comments should not be added year after year, when the account was settled. To me, this is a form of harassment.
Liberty Twp, Ohio