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Regular Contributor
Posts: 170
Registered: ‎12-02-2012
0

Re: Collection accounts

yes they are all posting as Factoring companies and under comments says collection account. Will CRA do anything if disputed? 



Eq 675
TU 681
Ex your guess is as goodas mine!

Nfcu Cash Rewards 15000, Nfcu nRewards Mc 15000, Walmart 600, Target 400, VS 650,Capital one 3750, Us Bank 300, Discover 4500,Citi DP 1500, Chase Freedom 2000. And I'm done...... no more cards just going to tend my garden
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Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: Collection accounts

Nope, they don't care.  However complaints to the BBB, State AG and the FTC have been known to be effective in these situations.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 144
Registered: ‎12-16-2012
0

Re: Collection accounts

Shogun, I have the same issue with both of the CAs on my report. Should I go straight to the BBB since the CRAs won't care (and probably the CAs too)?




Starting Score: 588
Current Score: 610
Goal Score: 650


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Senior Contributor
Posts: 4,196
Registered: ‎03-24-2008
0

Re: Collection accounts

What I would suggest to do first, is to pull your CR's from ARC, that way you'll know if the CA's are reporting incorrectly or not.

Because sometimes it's just a formatting issue with these Credit Reporting companies.

 

 Info about (ACR) annualcreditreport.com . they tend to have more info on them, then ones from a 3rd party.
The CR's from ACR, come directly from each of the CRA's. You can pull 1 Free CR from TU,EQ and EX every 12 months.Save your money and dont buy the scores, they are what we call FAKO's,for more info read   The Son Of Credit Scoring 101.

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Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: Collection accounts

I've had some removed by the BBB, State AG and FTC route.  Mine were paid, but the reporting was still wrong.  YMMV with these, but it's wrong for them to use the glitch in their reporting.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
Posts: 905
Registered: ‎07-25-2008
0

Re: Collection accounts

I had both Asset Acceptance and Resurgant reporting as OPEN Factoring Accounts

 

I filed with the BBB, My state Attorney General, and the Attorney General of their state

 

and the CAs deleted the accounts after that.


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Regular Contributor
Posts: 224
Registered: ‎12-11-2012
0

Re: Collection accounts


hoping2rebuild wrote:

I had both Asset Acceptance and Resurgant reporting as OPEN Factoring Accounts

 

I filed with the BBB, My state Attorney General, and the Attorney General of their state

 

and the CAs deleted the accounts after that.


Is there a template or an example letter we can use for these ?  I'm not sure how I would word it - especially since mine is the original creditor only and not the collection agency. Should I contact the OC first ?

12/11/12 Starting Score EQ FICO - 583/ TU FICO - 615/
4/1/13 - Lender Pull - TU - 645 EQ - 675 EX 712
Each One - Teach One
Established Contributor
Posts: 905
Registered: ‎07-25-2008
0

Re: Collection accounts

I know I have it here somewhere, I'll PM it to you later today


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Regular Contributor
Posts: 224
Registered: ‎12-11-2012
0

Re: Collection accounts

Thank you - much appreciated.
12/11/12 Starting Score EQ FICO - 583/ TU FICO - 615/
4/1/13 - Lender Pull - TU - 645 EQ - 675 EX 712
Each One - Teach One
Contributor
Posts: 140
Registered: ‎01-01-2013
0

Re: Collection accounts


hoping2rebuild wrote:

I know I have it here somewhere, I'll PM it to you later today


I'd live it if you would be willing to send it to me as well.  It seems I'm going to have to engage in the same process with Portfolio Smiley Sad

***9-4-13: TU 602 EQ 663 EX 626***
***6-13-13: TU 558 EQ 642 EX (yay to MyFICO for no more FAKO!!) 620***
5-31-13: TU 558 EQ 642 EX FAKO 643 * 1-24-13: TU 611 EQ 621 EX FAKO 643 * 1-21-13: TU 513 EQ 621 EX FAKO 643 * 1-3-13: TU 513 EQ 583 EX FAKO 643 * 1-1-13: EQ 568 EX FAKO 643 TU 513 * 12-22-12: EQ 558 EX FAKO 586 TU 525 * 11-15-12: EQ 554 EX FAKO 565 * 9-9-12: EQ 525 EX FAKO 574 TU (Lender pull-auto) 433
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