Rebuilding Your Credit

[amaurym]

Here are my FAKOs as this moment.

Experian - 600 down 76 points more on this

Equifax 659

Transunion 659

All of the sudden a collection from ENHANCED RECOVERY  show up in Experian and dropped my FAKO to 600.

Experian®	Equifax®	TransUnion®
Account Name	ENHANCED RECOVERY CO L	No Data Returned For This Bureau	No Data Returned For This Bureau
Account #	XXXXXXXX
Account Type	Collection Department / Agency / Attorney
Balance	$230.00
Date Opened	5/1/2012
Account Status Closed     Mo. Payment   Past Due $230.00 Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department High Balance   Limit   Terms 1 Month Comments

It could have not popup in the worst time, whats the best course to take. 

The community prompt help is really needed and appreciated.

[Repo-ed]

PFD

[ihatemyscore]

Is it true if they set a TERM.. It's a violation since there was no term agreed upon?

[Beasley12]

They did that to me too....today!

[amaurym]

I was able to find out who was the OC, it was for ATT internet from 2005, I'm in Texas can I send them a DV and can someone PM a sample of this/

Also like someone asked before, can they report a month term,??

I hope I get some good advice. My bank already run the credit and did not mention the collection.

[llecs]

Ditto to the PFD. Or if you have time, wait for it to drop. If it was a CO from 2005, then it'll drop soon anyway.

Third-party reporting, like what was posted by OP, is often inaccurate. For more details, pull from the CRAs directly or annualcreditereport.

[vlaw1084]

I think the statue of limitations would have expired inyour state.  This sounds like a re-aged debt which can be disputed and removed from your report.  I had to enlist the help of a credit repair company to take care of the problem, but they were able to do it. 

vlaw

[ihatemyscore]

So can they put a term?

[amaurym]

Here is the report from Experian, no mention of OC.  I was able to find the OC cause I was about to dispute with Experian and then it shows ATT as the OC. I had ATT internet back in 2005 and ATT cell back in 1999 so not sure what this about. Should I complain to BBB , disputing to the credit bureus might cause a dispute remark to show on my reports which  is not good under a mortgage process so I found out.,

ENHANCED RECOVERY CO L Potentially Negative Closed 800-496-8941  Mailing Address: 8014 BAYBERRY RD   JACKSONVILLE, FL 32256
Account Name	ENHANCED RECOVERY CO L
Account #	XXXXXXX
Account Type	Collection Department / Agency / Attorney
Balance	$230.00
Date Opened	5/1/2012
Account Status Closed         Mo. Payment         Close Account Details Past Due $230.00         Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department         High Balance           Limit           Terms 1 Month         Comments

[proudnavymom]

Have you received a dunning notice from Enhanced Recovery?  I noticed on June 1 they reported on my CR's for a collection also to AT&T for $139.  I waited 2 weeks to give them time to send the dunning notice.  My understanding is that a dunning notice is supposed to be sent within 5 days of initiating collection activity and I think it has been ruled that CR reporting is considered collection activity.  I sent them a DV letter.  It should be considered timely since no dunning notice has been sent and I also filed a BBB complaint.  Within 2 days of filing the BBB complaint, I got a response from Enhanced Recovery saying they were going to delete and sent me the confirmation number.  I also had another account from Enhanced Recovery deleted last week from my CR although I don't know why.  This was before my DV letter and BBB complaint and was a different account.  If you did not receive a dunning notice, you might want to try a BBB complaint.