🚀 go-pugleaf

cartoon cheese wrote:
> 
> In article <398315FD.79512134@NorthShoreTechnologies.net>, Steve Sobol
> <sjsobol@NorthShoreTechnologies.net> wrote:
> 
> >cartoon cheese wrote:
> >
> >> When the brainiacs at NCB realized they weren't getting their $1400 my
> >> father owed them, they came after me. I insisted they show me proof
> >> that this account was mine by showing me something with my signature on
> >> it but they couldn't. They then--June 3, 1997--promised me =in writing=
> >> that they'd remove their notation completely from my credit report
> >> (which at that time said something like "debt paid thru bankruptcy").
> >> They sent me a letter AND a copy of a "Universal Data Form" which
> >> clearly requests of all 3 credit reporting agencies that my record with
> >> NCB be deleted. I believed then that it was taken care of.
> >
> >National City Bank wrote off a loan that I cosigned for *and paid off*.
> >And they would not erase the write-off after it was paid off, either.
> 
> Have you disputed it thru one of the credit reporting agencies?

Not yet.

The reason it was written off is because I got behind on it because
the other guy, the principal on the loan, screwed me, and I put it
on a debt repayment program with some other debts. The debt counseling
service asked for a lower payment, and NCB said "Fine...but it gets
marked
as a write-off, because we have to write a new loan agreement, and you
are
telling us you're not going to pay per the original agreement". This is 
absolutely ridiculous.

Frankly, I don't care how National City records it internally in their
accounting records. Indeed, they save on taxes if they write it off as
a bad debt. If they want to do that, fine. I think it's quite
questionable,
but fine. Just don't mess up my credit record if I'm paying you.


--
North Shore Technologies, Cleveland, OH 
http://NorthShoreTechnologies.net
Steve Sobol, BOFH - President, Chief Website Architect and Janitor
Linux Instructor, PC/LAN Program, Natl. Institute of Technology, Akron,
OH
sjsobol@NorthShoreTechnologies.net - 888.480.4NET - 216.619.2NET