Rebuilding Your Credit

[Mishwatson]

Can someone tell me where collection accounts should be listed on my CR? They are all listed under accounts and say OPEN not under collections is this correct? I thought it messes with my utilization and harder on score is this incorrect?

[raisinitup]

I have the same question. I have one on my EQ listed under both the account section and the collections section. I'm sure that's killing my score since that seems like it updates every month.

[DaBears]

I have the same thing, I sent all my Credit Reports to my Consumer Attorney. He stated that the CA is reporting them as loans which is ILLEGAL and they changed the DOFD. I have 6 being removed and cash heading back my way for for violating the FCRA Act. 2013 is going to be a awesome year for me!!!!

[Mishwatson]

did your attorney tell you under what statute it states this?

[DaBears]

I live in Chicago and will listen to him then anyone else. A CA can not change the DOFD and can not change the date when it was place for collection, if they do they re-age the account which is illegal. I sent him all three credit reports and he found 6 violations in each file from the same CA. He is on the Bar association for IL and has excellent success with CA's and CRA's. He doesn't charge his clients, he gets his big dollars from the CA's when he takes them to court.

[guiness56]

The FCRA. 

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Mishwatson wrote:

did your attorney tell you under what statute it states this?

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[Mishwatson]

thanks, so if CAs are reporting this way I should dispute with CRA? I just recently DV 5 out of the 5 that are misreporting I figured Id give them a few weeks to respond then  dispute with all three CRA what do you think?

[raisinitup]

So should we contact the OC or the CRA to get it corrected ? And on what grounds should we be disputing ?

[Shogun]

Sometimes they will list themselves as factoring companies and will show up in the OC area because they will list as open.  Big grey area on this, it gives them the ability to post as the OCs can.

[raisinitup]

In my situation, it's is the OC only that's posting in both areas. No CA involved at all.