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The Dept. of VA has completed garnishment of a "government overpayment" I received for educational benefits. Experian and TransUnion report as "Closed, Paid after collection"; Equifax reports as "Open, at least 120 days past due" but under comments "Paid collection government debt". Account was paid as of April 2011.
What should my next step be? I of course would prefer the account removed from my report. I thought I had once seen a letter example for false reporting. Would they remove it from all three bureaus or just the one that was wrong? I don't know if I should dispute as false for removal or send a good will letter for removal.
Thanks in advance for any helpful advice.
Send a goodwill, and list the inaccuracy as one of the reasons. Try GW'ing first before you dispute.
Good Luck.
PS, I had the same thing on my credit from a VA overpayment from my gi bill, i paid it and they removed it.
If the account type is where you see the word Open this is not related to the account being open or closed. Usually Open accounts are single payment accounts or what is called a 30 day account. An example of this is an AMEX charge card where the balance is due in full each month. Another example of an open account type is a collection account. Usually the collection agency wants the money in a single payment some will work with you on a payment schedule.
I have both of my old PAID midland accounts showing as open on my EX (EDIT: Not EQ) Both each having 29 - 120+day lates.....
I am not sure what to do with that..........
@Anonymous_V wrote:I have both of my old PAID midland accounts showing as open on my EX (EDIT: Not EQ) Both each having 29 - 120+day lates.....
I am not sure what to do with that..........
I have the same issue with Asset Acceptance showing open and a bunch of 120 day lates
Are they allowed to do this????
I mean this is killing my score BAD -
Are the lates dates being reported after you paid the account ? IE you paid it August of 2010 and the lates are reporting in 2011. If so you can dispute those lates.
yes andy, i dont know how but my collection shows 24 - 120+ day lates.... though the account was paid over a year ago.... and they didnt start reporting it since january of last year....
Okay so an upate - I pulled my report again, and they removed a few.... STILL though ....
I'm not sure who reports it that way: the CA or the CRA. In any case, FICO still sees it as a CA. If they added lates every month from day 1, I don't think you'd see a score change. Try GWs. Some had success with MCM.