- Report: #172837
Complaint Review: Majestic Visa - Fingerhut - Saint Cloud Minnesota
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Majestic Visa - Fingerhut
16 McLeland Rd Saint Cloud, 56303 Minnesota, U.S.A.
Phone:
866-417-2561
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Majestic Visa - Fingerhut ripoff? Saint Cloud Minnesota
After trying to look up Majestic Visa to see if i could access my CC account on the internet, i came accross this site, and all i can say is WOW.
I have an old fingerhut bill from when i was much younger, and recenly i have been attempting to get my credit in better standings.
So when majestic called me and offered for them to "buy" my collection account from fingerhut and allow me to pay 1/2 of what i owed and then send me a credit card with a $128 (the other half) credit limit on it and all i had to do was pay off the other $128 that was on the card and in the end i would have a credit card with a $128 credit limit I was more then happy to accept this offer.
I thought what could be better I pay off and old bill for a reasonable payment plan of $20 a month and in the end i have a credit card to help me re-establish my credit!
When I first signed up for this offer they called me and bugged me non stop approx. 4-5 times per day, but after they saw i was paying when i was supposs to and not being late they stoped calling me and i thought everything was/is fine.
I didnt and dont have any of the problems that others are talking about, but now that i have read everyone elses issues with this company and checked my credit report I have found that they have not been reporting to the credit companies that I have been paying and even worse is that its on my credit report twice, once under fingerhut and again under Jefferson Capital Systems.
I have all 3 of my credit reports and 2 of them have different amounts and dates as to when it was updated. As of now i have only $60 left to pay before my debt is to be paid off and im wondering what exactly i have gotten myself into.
Can anyone advise me as to where i should go from here and who to contact about this, im lost, im finally haveing an oppertunity fo straighten out my credit, and now i think im worse off then i was before!
I also have a gateway/citibank accout that has shown up on all 3 of my credit reports for twice for 2 differnt amounts. any ideas on how to go about handeling that also??
Kat
akron, Ohio
U.S.A.
I have an old fingerhut bill from when i was much younger, and recenly i have been attempting to get my credit in better standings.
So when majestic called me and offered for them to "buy" my collection account from fingerhut and allow me to pay 1/2 of what i owed and then send me a credit card with a $128 (the other half) credit limit on it and all i had to do was pay off the other $128 that was on the card and in the end i would have a credit card with a $128 credit limit I was more then happy to accept this offer.
I thought what could be better I pay off and old bill for a reasonable payment plan of $20 a month and in the end i have a credit card to help me re-establish my credit!
When I first signed up for this offer they called me and bugged me non stop approx. 4-5 times per day, but after they saw i was paying when i was supposs to and not being late they stoped calling me and i thought everything was/is fine.
I didnt and dont have any of the problems that others are talking about, but now that i have read everyone elses issues with this company and checked my credit report I have found that they have not been reporting to the credit companies that I have been paying and even worse is that its on my credit report twice, once under fingerhut and again under Jefferson Capital Systems.
I have all 3 of my credit reports and 2 of them have different amounts and dates as to when it was updated. As of now i have only $60 left to pay before my debt is to be paid off and im wondering what exactly i have gotten myself into.
Can anyone advise me as to where i should go from here and who to contact about this, im lost, im finally haveing an oppertunity fo straighten out my credit, and now i think im worse off then i was before!
I also have a gateway/citibank accout that has shown up on all 3 of my credit reports for twice for 2 differnt amounts. any ideas on how to go about handeling that also??
Kat
akron, Ohio
U.S.A.
2 Updates & Rebuttals
Rob
Rosedale,Maryland,
U.S.A.
Majestic Visa and credit reporting helpful info
#2Consumer Suggestion
Tue, January 31, 2006
To answer your question about credit reporting... I am a credit analyst and have over 10 years of experience in almost every aspect of consumer lending. Most banks, collection agencies, etc report account information once per month if the account balance has changed, a delinquency is greater or less, or any other change in the account history. The reason why you see different things on different bureaus is not because Majestic (Columbus Bank and Trust) or Jefferson Capital or any other institution fails to report you correctly. When bureau reporting is sent, the bureaus update as they see fit. Updated info may show immediatly, it may be up to 2 months if ever. The bureaus priortize what THEY think needs to be reported. Although Majestic, Jefferson, or whatever financial institution it is DO and MUST report you correctly, any errors or untimeliness is the fault of the bureau. If you are concerned about the information being out of date or incorrect, send a dispute letter to the bureau that is reporting inconsistent info. They must confirm and update it within 30 days and notify you of the outcome. I would also recommend to anyone who HASN'T recently checked their bureaus to visit http://www.annualcreditreport.com and get a copy of all three majors. THIS IS A FREE SERVICE SPONSORED BY THE FEDERAL TRADE COMMISSION IN COMPLIANCE WITH THE FACT ACT... do not confuse it with the freecreditreport.com site which carries a monthly charge. If you are not comfortable viewing your credit information online, you may call Experian @ 888 397 3742 Equifax @ 800 685 1111 and TransUnion @ 800 888 4213 Additionally for more information on the Fair Credit Reporting Act (FCRA) visit http://www.ftc.gov/os/statutes/fcra.htm and for Fair Debt Collection Practices Act (FDCPA) visit http://www.ftc.gov/os/statutes/fdcpa/ fdcpact.htm
Tamara
Canton,Ohio,
U.S.A.
Problems with Majestic Visa
#3Consumer Comment
Sat, January 28, 2006
I have had a similiar experience with this company, and in my case, this same account was listed under 3 different names, Fingerhut credit advantage, Fingerhut, and Jefferson Capital Systems. However, on my report the current information was listed as CB&T for my current payments.(Columbus Bank & Trust) I haven't had the problems others have had with this company accept the above mentioned problem. I am currently in the process of disputing this with the cresit reporting agencies. Tamara, Ohio (USA)
