01-24-2013 06:26 AM
I have a collection on my credit report that is for $201.28 to Progress Energy.
The problem I am having with it is that the new collection agency that bought it is reporting it as a new collection in 07/2012. I know this is from 2006 when my Husband lost his job and so I called Progress Energy to confirm, and they told me it was sent to collections in July of 2006.
I have tried to do online disputes, but they have all been unsuccessful. What can I do next?
We are getting ready to apply for a mortgage and I know that a collection as recent as 07/2012 is not going to be ok. What can I do?
01-24-2013 07:13 AM
The guru's will be along. The collection agency uses the date they took the debt over, or thereabouts. My Date of Last Delinquency was 1/2010, transferred to a Ca, and that date reports 8/2010.
I'd really try to do a pay-for-delete to make this go away. It won't look great on your app. An underwriter may, or may not, require you to pay it anyway.
Have you received a dunning notice on this new collection?
01-24-2013 07:13 AM
Unfortunately, they are probably reporting correctly. Even though the TL is from 2006, the current CA got it in 2012 and reported it then.
Does it show 2006 anywhere on the TL?
Could you post the TL as it shows on y9our CR?
01-24-2013 07:27 AM
So does this mean that in 07/2013 it will not fall off of my credit report now? Here is the collection as it shows on my report:
Collection on debt to: Progress Energy
The collection agency "885YA00026" was hired to collect a debt of $201 originally owed to "Progress Energy"on account number "XXXXXXXXXXXX5721".
Collection agency [?]Original balance [?]Current balance [?]Date assigned [?]Original lender [?]Account number [?]Account holder [?]Account descriptions [?]
|Consumer disputes after resolution|
01-24-2013 07:58 AM
Have you pulled your 3 free reports from annualcreditreports.com? You get one free every 12 months from each CRA. The information on them is more accurate than what you get from a 3rd party site.
This TL doesn't show the original dates as the ones from above would.
If the account went bad in 7/06 it would come off in Jan 2014. It is 7.5 years from DoFD. Not saying it won't come off before that, depending on the CRA, but it can stay up to 7.5 years.
01-24-2013 06:16 PM
+1 That's just the date they got it. It has nothing to do with the SOL or CRTP of the loan. It will still fall off 7.5 years from the DOFD>
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.