04-22-2011 12:12 PM
A couple of months ago I made a settlement offer with a CA for an old CC debt and settled for $419 when they claimed I owed $835. Just today I pulled all three CR's and they are all three reporting this differently. According to EX the $419 was paid and it is now showing as paid, closed and 0 balance. TU shows this as $419 paid but I know owe $426 and it is still an open account. EQ shows the account with $419 paid, shows I still owe $426 and is just empty in the account status box. How do I go about fixing these? Just try and dispute them on my CR's or contact the CA that I settled with?
01-16-2012 09:18 PM
Sorry I don't have a solution for you, I was looking for an answer to a similar question. I think we need to write the CRA but I am not sure....
01-17-2012 01:48 AM
The correct reporing by the debt collector is simple:
Closed, $0 collection balance..
"Paid" apples to OC accounts, not to collections. A collection is either open or closed.
EX has it right.
Perhaps the debt collector update has not been completed. I would not dispute at this time.
Just give them a call and request accurate update to closed, $0 balance.
It is not critical to scoring now, so I would give them a little time. If you dont get proper update, then file a direct dispute with them under FCRA 623(a)(8), forcing them to correct within 30 days.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.