I spoke with the OC today and was advised that since I had paid them directly then the CA shouldn't have reported me. The CA actually didn't report until the OC had contacted them to make them aware I had paid them directly. I don't know it it was out
of error of it they did it out of spite but the OC said they will contact them to have it deleted from my credit report. Thank goodness. I probably won't see all 27 of my points back will I?
Great news!!!!! How recent was the collection again? Might see 15-20 pt bump.
I know of no statutory or regulatory basis for such a "requirement."
Termination of a debt collector's future collection authority does not negate the fact that they had authority at the time of their reporting, and thus there is no inaccuracy in their reporting to form the basis for a dispute.
Whether you choose to believe it or not, it IS in the Credit Reporting Resource Guide. They MUST delete if they no longer hold the debt. It is not the same thing as not deleting a paid account.
Reason is so that the consumer does not get dinged repeatedly for the same thing. Say a person had a $100 collection and this collection was sold over and over again to different CAs. Should the consumer have 6 collections on their CR? Even if they say $0 owed, they would still be collections listed on the CR. That is why if they no longer have collection authority it should be deleted.