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Contributor
specialksauce
Posts: 103
Registered: ‎06-07-2013
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Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

Anyone have Calvary Portfolio show up only on Experian? 

 

They show date opened 2/1/13 and account status is closed. Past due balance.P ayment status states: Seriously past due/assigned to attorney, collection agency, or credit grantors internal collection dept.

This is from a Chase card that was charged off in August 2008 and bought /paid for $165. (seriously makes me cringe knowing how awful these CA's are!)

 

No one else reported this amount until Feb 2013.  

 

What does closed mean for collection purposes? Did they sell to another collection agency? Or is that just how it reports on Experian? 

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

Closed means they are no longer collecting on the account.  Either it is paid, sent back to the OC or sold.  If it is either of the later, they have to delete.

Contributor
specialksauce
Posts: 103
Registered: ‎06-07-2013
0

Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

Dispute with the CRA's or BBB to get this deleted? 

 

Experian is showing closed on all collection accounts but on TU or EX they are showing a balance and "in Collection". 

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
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Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

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Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

+1

 

If they are no longer collecting or have collection authority, they should delete.


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Contributor
specialksauce
Posts: 103
Registered: ‎06-07-2013
0

Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

For dispute purposes, I am trying to get as many negatives deleted off the credit report as possible. 

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
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Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?


specialksauce wrote:

For dispute purposes, I am trying to get as many negatives deleted off the credit report as possible. 


Unless it is somehow reporting inaccurately, that is not a valid reason.  Also against the TOS of the forums.

Contributor
specialksauce
Posts: 103
Registered: ‎06-07-2013
0

Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

Nope, just reporting as closed with a balance. Guess I have to wait until the new CA shows up one day. 

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
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Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

Contributor
specialksauce
Posts: 103
Registered: ‎06-07-2013
0

Re: Calvary Portfolio Opened in Feb...now closed, but past due balance. Sold to another?

I believe i meant to say, in general, Experian is showing unpaid collection accounts as closed (not just for Calvary) but on the TransUnion and Equifax they are showing as "in collections" (aka open?). But Calvary is only showing on Experian, not the other two reports. 

 

So if its showing closed but still with a balance, they should delete bc that means they aren't collecting on it anymore, right?. Unless that is simply the way Experian shows account status's for collection accounts. 

 

Sorry for the confusion or if I confused you even more!


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