Sold Credit Account

[TTFH1971]

I looked around the forum, but couldn't find an answer.

I've been trying to clean up my report(s). Everything looks good except one account. It was a credit card through Providian (now Washington Mutual). Apparently, they sold my account and it is listed as such on my report, along with the balance and described as a "charge off".

I've disputed the entry, but it came back today as verified. Which I suppose is technically true. But the account was listed in my bankruptcy and therefore shouldn't it be listed as such with a "0" balance?

This verification came back from Equifax. My credit monitoring notified me that Transunion has now also listed it as a "charge off." It's listed the same at Experian, but I'm still waiting to hear on my dispute with them.

My bankruptcy was filed 10/18/2005
341 was 11/18/2005
Discharge was 1/31/2006

I'm going to contact the "new owners" tomorrow, but as near as I can tell, the account was sold somewhere around 11/2005 AFTER the initial filing.

What recourse do I have to get it reported correctly? Any sample letters for this around.

H.

[poorme]

Don't contact the new owners. Tempting as that sounds, all you'll be doing is confirming for them that 'their' item is yours, allowing it to stay on the report. READ the stickys here on credit cleanup - get a paper copy first, then submit your complaint/dispute in writing.

[HHM]

I agree, you don't gain anything by contacting the new owners of the account (at least not yet). They have no control over how the account is reported by the original creditor.

This issue is coming up a lot, and I think it will ultimately have to be re-litigated. So I don't have any concrete advice. You have a right to demand from the CRA's a statement of "how" the report was verified, but I don't have the details handy. I am sure someone else will come along and post. Also, it has been mentioned in other threads in the credit clean up forum.