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Disputing 5 year old charge off that is not mine. – Melanie

I recently disputed two credit cards that were charged off in 2006 because these are not my accounts. I never signed anything that said that I was responsible for these accounts.

I received my Experian dispute results and the accounts were “processed”. I reviewed the updated report and both accounts came back as updated. What should I do now?

Should I write a debt validation letter to LVNV (they own both accounts now) or should I wait to see if they contact me? I live in WV and I believe the statute of limitation for credit card debt is 5 years. I am trying to buy a home.

Are these accounts hurting my credit score? They are due to come off in 2013. I know not to acknowledge the accounts or send in a payment because that will restart the SOL. Any advice will be greatly appreciated. Thank you.

Melanie

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  • http://www.consumerrecoverynetwork.com/ Michael

    Hi Melanie,

    You did not sign anything for account responsibility. Did someone you know do so? Were you a victim of identity theft back in 2006?

    If you disputed with the credit reporting agencies (CRA) as not yours, yet they remain after the initial dispute, whether the CRA’s are wrong, using broken investigation systems, inept (they often are), they validated the information. If it is not an issue of CRA’s behaving badly, then your social security number, birth date, or address may have been part of the account information that was verified.

    If there are additional reasons to send in a 2nd dispute with a request for reinvestigation, what issues could you raise?

    You can file a consumer dispute so that it is attached to your file which may provide you an opportunity to explain the entries in a manual underwriting process for a home loan.

    The 5 year SOL in WV would appear to have expired.

  • http://www.consumerrecoverynetwork.com/ Michael

    Hi Melanie,

    You did not sign anything for account responsibility. Did someone you know do so? Were you a victim of identity theft back in 2006?

    If you disputed with the credit reporting agencies (CRA) as not yours, yet they remain after the initial dispute, whether the CRA’s are wrong, using broken investigation systems, inept (they often are), they validated the information. If it is not an issue of CRA’s behaving badly, then your social security number, birth date, or address may have been part of the account information that was verified.

    If there are additional reasons to send in a 2nd dispute with a request for reinvestigation, what issues could you raise?

    You can file a consumer dispute so that it is attached to your file which may provide you an opportunity to explain the entries in a manual underwriting process for a home loan.

    The 5 year SOL in WV would appear to have expired.

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