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Help!!!

Established Contributor

Re: Help!!!

@kobe, don't worry about the collection in regards to AMEX. I was in the same exact boat. On june 6 i was approved for Zync and on june 17 i had a collection report that dropped my exp fico by 75 pts and AMEX softed my report 2 days later and every 2 weeks thereafter. They (AMEX) didn't do any AA but they did raise my internal limit so i guess they didnt care about the collection. I did, however, get the collection deleted but that was only like 2 weeks ago. I really wouldn't worry about it as far as AMEX is concerned.
( im on iPhone so please forgive typos and grammar)


Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Message 11 of 37
New Contributor

Re: Help!!!

Outshining the master Amex can prove to be a daunting task.  I wouldn't worry about them softing you and finding out about the collection, however, with that said, write to the CRA and have them prove the verification of this collection - just don't threaten them, because, I've found that you attract more bees with honey than vinegar..Smiley Wink

Message 12 of 37
Valued Contributor

Re: Help!!!

Instead of worrying about your current creditors taking AA against you id be more worried about getting that collection off the reports.  First things first, was the collection removed via CRA dispute?  If so they were supposed to notify you prior to re inserting the account (if its the same one)

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Message 13 of 37
Established Contributor

Re: Help!!!

No, it wasn't on dispute and i have not gotten any letters from them either...it just disappeared and a new collection agency showed up...and it shows new......(this was 4-5 yrs ago). I thought collectors should send you a letter or contact you first before they report to CRA's?

Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 14 of 37
Frequent Contributor

Re: Help!!!

Sounds like the debt was sold. They have to send you a letter before they try to collect the debt, but they can report it before that. The good news is, everytime debt is sold, it tends to become harder to validate. You might be able to get it removed if they can't properly validate it.
Scores:
07/29/12: EX FICO (Amex) 684 | EQ MyFICO 631 | TU Walmart 695
Current: EX FICO (MyFICO) 733 | EQ (MyFICO) 683 | TU (Walmart) 745

First Goal: 700+ across the board - Got it on EX & TU!!!
Message 15 of 37
Valued Contributor

Re: Help!!!

typically you were supposed to recieve a dunning 5 days prior to the new CA reporting.  you got lucky with the first CA removing their reporting cause generally what most due is just report as closed with a zero balance and then the new CA would report the amount owed.  So you would then have 2 CA's reporting

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Message 16 of 37
Established Contributor

Re: Help!!!


kobe2012 wrote:

It was a collection that was sold to another collection agency and it shows as most recent!!! opened 08/29/12!!! .... no other info was listed (original creditor, or DOFD from the OC).... am crossing my fingers that it won't affect my amex.... does anyone know if new negatives affect CLI on GE store cards???


I *think*, and I might be wrong but I believe they have 30 days to report the DOFD. If it were me, I would be overnighting a request for validation to their addy listed on the credit report.

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 17 of 37
Established Contributor

Re: Help!!!

thanks for the responses everyone.... I disputed it on my equifax because that is where it is showring, i checked my EX and it's not there (yet).... and I'm not sure bout my TU.... is it possible that they only reported it on EQ??? and never on the other two???


Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 18 of 37
Mega Contributor

Re: Help!!!

Usually if its on EQ it would already be on EX, TU is slow to report.



EQ FICO 548 3/3/16
Message 19 of 37
Established Contributor

Re: Help!!!


LS2982 wrote:
Usually if its on EQ it would already be on EX, TU is slow to report.

Yea, that's what I thought since EX is the fastest one.... so, they didn't report it on EX???


Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 20 of 37