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Regular Contributor
Mish0817
Posts: 160
Registered: ‎12-02-2012

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 661
Ex your guess is as goodas mine!

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Moderator
Shogun
Posts: 12,875
Registered: ‎04-15-2011

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
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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
maluba
Posts: 142
Registered: ‎12-16-2012

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)?




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Moderator
LIGHTNIN
Posts: 4,041
Registered: ‎03-24-2008

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.

FICO's Oct 2013 TU711 EQ713 EX723~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
Moderator
Shogun
Posts: 12,875
Registered: ‎04-15-2011

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
hoping2rebuild
Posts: 905
Registered: ‎07-25-2008

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
raisinitup
Posts: 224
Registered: ‎12-11-2012

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
hoping2rebuild
Posts: 905
Registered: ‎07-25-2008

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
raisinitup
Posts: 224
Registered: ‎12-11-2012

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
bmblbg
Posts: 140
Registered: ‎01-01-2013

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 :smileysad:

***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***
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