03-06-2013 07:50 AM
I have a $310 medical collection from 2008-09 that I'm trying to get removed. No success going through the collection agency itself, but I'm now going to the agencies and reporting that I have no knowledge/memory of the collection (which is true) and would like it removed.
Just curious if anybody has had much success going this route? I was able to get a collection removed from my wife's report, but in that case it only appeared on one of the three agency reports, so that worked in my favor.
03-06-2013 07:53 AM
It depends. The CRAs use an automated systems for disputes. If the furnisher responds it is valid, it will be verified. If they don't respond at all it will be deleted.
And even if it isn't your debt, that you know of, if the furnisher of the information says it is, it is verified. Then it would be up to you to prove otherwise.
03-08-2013 07:00 AM
I am literally stunned beyond words. Since I posted this a few days ago - three days ago, I think - I disputed my collection with all three credit agencies, and all three removed it within a day.
I am even more stunned at how high my score jumped because of it, from the 715-720 range to the 740-750 range. 20-30 points. Just like that.
Next, I'm going to try to dispute the $182 released tax lien from 2008 I have on there.
03-08-2013 07:12 AM
Indeed. I believe it is in error. I actually disputed it a few years ago and thought I had gotten it removed, but I did it wrong - it was merely listed as still open and then listed as closed, when I did not believe I ever had that lien against me in the first place. (I wish I still had the letter from the county clerk saying that.)
03-08-2013 07:19 AM
Good question. I could go to the county clerk and see if they still have that letter - or even have them draft a new one saying that the lien was in error. (If I remember correctly, I got the, "If you don't pay this amount, we will place a tax lien on you." So I paid it, but I assume there was a clerical error where it was placed anyway.)
03-08-2013 07:21 AM
But regardless, I'm just shocked at how many points just the five-year-old collection was costing me. I figured 5-10 range.
My debt utilization is about to drop from 46 percent to about 17 percent, as well, so hopefully that will be another boost.
03-08-2013 07:26 AM - edited 03-08-2013 07:27 AM
Dropping your utilization will bring points. Not sure how many though.
Is the invalid lien the last baddie on your report?
If you can get the letter saying it was placed in error, send that to the CRA versus disputing. The outcome may be better.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.