Shane, I'm referring to zombie debts - bills that have been long paid off, but unscrupulous collectors reopen them in the hope that the debtor won't remember (or be able to prove) having paid off, so they pay the bill again. Things like closed credit card accounts and similar. When one comes up on my report (I'm on a credit monitoring service), it shows as several years delinquent. The bureaus immediately delete them when I file a challenge, but FICO doesn't take that into account. The usual effect is a 100-point drop followed by a 50-point recovery - the bogus account is gone, but the fact that there was activity remains.
Isam, Wells is #2 on my OH HELL NO list right after BofA. I've known off too many people to be screwed by them.
David, I'll give you a call this afternoon.
Thanks for the replies, everyone.