My question involves collection proceedings in the State of: WASHINTON
Hello I just have a few question if you guys could answer these for me that would be great
I filed bankruptcy in 2009 and it was discharged. Now I am in the process of rebuilding my credit I used to have about twelve collection accounts now I only am down to three collection accounts. I have been monitoring my credit with only experian latley and one day I noticed an alert on my credit report, The alert said that RJM ACQ LLC is reporting potentially negative information on my credit report. Now this account had been on my credit report for sometime but I have never recieved an alert its reporting negative information. So I call up rjm and tell them that I filed bankruptcy on this account and for them too stop reporting negative information on my report. They said they will check and then came back on the phone and said this is how they report this information to credit bureaus the only way I could see them reporting any negative stuff on my report is if I missed a payment on an account but there are no payment for this account so how could they report a missed payment. Below I have copied and pasted information off my credit report I hope this helps you guys. THANK YOU FOR THE HELP AHEAD OF TIMES
(MY QUESTION) PLEASE ANSWER
(1) I don't understand why it says theres terms of one month there was no agreement or payment plan or anything?
(2) How can they report negative information on a monthly basis I thought it was a one time thing to place it on a report?
(3) Are they reporting late payments or something ?
(4) They say they did nothing wrong this is how they report information are they breaking the law?
(5) On the 24 month payment history sections it says KD for five months?
(6) How come bank of america account doesn't alert me like this rjm one does if thats how they report?
(7) I filed chapter 7 bankruptcy on bank of america account also it does not say included I send them letters and called them?
(8) Bank of america account says transfered to another lender why are they still reporting it then and not a collection agency?
(9) Credit report says I have NO COLLECTION ACCOUNTS I use experian Triple AdvantageŽ Credit Monitoring how can this be no collections?
(10)Beucase of RJM reporting this information my credit score dropped from 665 to 585 why so many points?
(11)Other then what I have mention can you see any other information in my favor I can get corrected to help increase my score?
(ALERT INFORMATION)
Potentially Negative Alert
Reported on 3/7/2011 by ExperianCompany: RJM ACQ LLC
Balance Date:
Current Balance: $0
Status Date: 2/19/2011
Payment Status: CHAPTER 7 BANKRUPTCY DISCHARGED
Company Phone: 8006508784
Company Address: 575 UNDERHILL BLVD STE 224
SYOSSET, NY 117913416
What is Potentially Negative Information?
An item is "potentially negative" when a creditor reports that you have not met the terms of your credit agreement. Negatively reported items include late payments, accounts that have been charged off, and accounts that have been sent to a collection agency. Most negative information remains on your Credit Report for seven years.
(CREDIT REPORT INFORMATION)
Account Name RJM ACQ LLC
Account # BLANK
Account Type Debt Purchase
Balance $0.00
Date Opened 2/1/2008
Account Status Closed
Mo. Payment
Close Account Details Past Due
Payment Status Debt included in or discharged through Bankruptcy Chapter 7, 11, or 12
High Balance
Limit
Terms 1 Month
Comments
(SECOND ACCOUNT)
Account Name BANK OF AMERICA
Account # 3XXX
Account Type Secured Credit Card
Balance
Date Opened 7/1/2005
Account Status Closed
Mo. Payment
Close Account Details Past Due
Payment Status Account transferred to another office
High Balance $1,129.00
Limit $0.00
Terms Revolving
Comments Transferred to another lender or claim purchased

