On March 14th my American Express card was canceled. According to the reps, it was due to some negative line items on my credit report. Of course I was extremely upset because they didn't notify me.
I had pulled my credit report on March 10th, but didn't see anything unusual until I looked at the details and saw that there was a new negative item on my Experian credit report.
The line items reads as such:
Account Name: National Credit Solutions
Account Type: Collection Department / Agency / Attorney
Balance: $177
Date Opened: 12/1
Account Status: Closed
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department
Original Creditor: BMG
I haven't had a BMG account since I have lived in my last two homes, at least 2001. If I have had any account with them at all, it would have been from before 2000. I have never received any information from them, including bills, statements, requests for payment... Anything.
Suddenly there is a negative line item from NCS regarding BMG and it has already adversely affected my credit report and has cost me to lose my only credit account. Not having any credit is going to negatively affect my credit score.
I am in the process of disputing this line item, filing complaints with the local BBB. If this is not resolved properly and expediently, I am filing a lawsuit for violation of the FCRA and other laws.
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