First Consumers National Bank going bankrupted, they agreed to a certain amount paid and they would write off the balance with the understanding my credit would not be damaged. Hicksville New York

Why waste time filing a suit?

Call the credit bureau and demand they remove the item 10 years old.

Someone can try and post something over 7 years old, but the credit bureau (Equifax, Experian, Trans Union, Innovis) is ultimately the one required to refuse to post.

Good Luck,
Scott

The correct address to the First Consumers Nat'l Bank is 9300 SW Gemini Dr Beaverton, OR 97078

The correct address to the First Consumers Nat'l Bank is 9300 SW Gemini Dr Beaverton, OR 97078

The correct address to the First Consumers Nat'l Bank is 9300 SW Gemini Dr Beaverton, OR 97078

Diana,

Maximum negative credit reporting is 7 years from date of default.

If you defaulted on this in 1997, It would have been removed in 2004-2005 by law. Therefore, in 2006 this can have no negative affect on your credit.

Everything else is irrelevant.

Sue them for the violation of your rights under the FCRA.

And it makes no sense for the creditor to have harassed you about making only the minimum payment due to them going bankrupt.

All you have to do is dispute the entry to the credit bureaus as too old, and must be removed. Do this by certified mail, return reciept requested. put the certified# on the letter itself, and keep a copy for your records. Then when they fail to fix it within 30 days, you sue them too.

You might as well get paid by all who violate your rights.

Good luck.

Diana,

Maximum negative credit reporting is 7 years from date of default.

If you defaulted on this in 1997, It would have been removed in 2004-2005 by law. Therefore, in 2006 this can have no negative affect on your credit.

Everything else is irrelevant.

Sue them for the violation of your rights under the FCRA.

And it makes no sense for the creditor to have harassed you about making only the minimum payment due to them going bankrupt.

All you have to do is dispute the entry to the credit bureaus as too old, and must be removed. Do this by certified mail, return reciept requested. put the certified# on the letter itself, and keep a copy for your records. Then when they fail to fix it within 30 days, you sue them too.

You might as well get paid by all who violate your rights.

Good luck.

Diana,

Maximum negative credit reporting is 7 years from date of default.

If you defaulted on this in 1997, It would have been removed in 2004-2005 by law. Therefore, in 2006 this can have no negative affect on your credit.

Everything else is irrelevant.

Sue them for the violation of your rights under the FCRA.

And it makes no sense for the creditor to have harassed you about making only the minimum payment due to them going bankrupt.

All you have to do is dispute the entry to the credit bureaus as too old, and must be removed. Do this by certified mail, return reciept requested. put the certified# on the letter itself, and keep a copy for your records. Then when they fail to fix it within 30 days, you sue them too.

You might as well get paid by all who violate your rights.

Good luck.

Diana,

Maximum negative credit reporting is 7 years from date of default.

If you defaulted on this in 1997, It would have been removed in 2004-2005 by law. Therefore, in 2006 this can have no negative affect on your credit.

Everything else is irrelevant.

Sue them for the violation of your rights under the FCRA.

And it makes no sense for the creditor to have harassed you about making only the minimum payment due to them going bankrupt.

All you have to do is dispute the entry to the credit bureaus as too old, and must be removed. Do this by certified mail, return reciept requested. put the certified# on the letter itself, and keep a copy for your records. Then when they fail to fix it within 30 days, you sue them too.

You might as well get paid by all who violate your rights.

Good luck.

Bad credit like this must be removed from your credit reports after 7 years. So you just need to write to the credit reporting agencies and tell them the account is "obsolete" and must be removed. Before you do that though, get copies of all 3 credit reports and save them in case someone (illegally) tries to change the date so it is less than 7 years.

Plain and simple where you reside.

The statute of limitations in VA is 3 years and the debt is no longer valid. You can clear all your reports as regards to this.

Sincere,

How are they reporting it "bad" on your credit? Are they reporting it as a settled account? If so that is correct because that is what you did, you settled for less then the balance with them.

If they told you paying less then the balance you owed would not affect your credit, they lied at that point.