Reply
Member
Posts: 23
Registered: ‎07-13-2012
0

Wait it out or what?

Hi everyone,

 

First post here on myFICO. So here is my situation. I had a collection from Rickenbacher Collections that I paid in 2007 ($65.00) for a bill back in 3/09/06. The item only shows on my TU report and not the other two. Obviously this is adversly affecting my score on TU but I was wondering what to do (if anything) about it? Looking at my report from TU, it is estimated that it will be removed as of 12/2012. Anything I can do in the mean time? 

 

Also, 

 

If I can't do anything but wait, can I accurately rely on TU to drop this from my report in December? 

 

Is a GW letter or e-mail in order for this? Any suggestions from people who have been through something similar would be ever so helpful! 

http://creditcardforum.com/images/cards/american-express-green-card.jpg
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Wait it out or what?

I'd send a GW asking if they wouldn't mind deleting. Many will if asked.

Member
Posts: 23
Registered: ‎07-13-2012
0

Re: Wait it out or what?

So would I send a GW letter to TU or to the collection agency that I paid back when I took care of it?

http://creditcardforum.com/images/cards/american-express-green-card.jpg
Established Member
Posts: 29
Registered: ‎09-16-2009
0

Re: Wait it out or what?


relentless602 wrote:

So would I send a GW letter to TU or to the collection agency that I paid back when I took care of it?


You would send the GW to the collection agency.

Filed BK7: 8/2014 Discharged 01/2015 (Start FICO scores: EQ: 558, TU: 550, EX: 546)
554 EQ FICO as of 03/20/2015
554 TU FICO as of 03/02/2015
556 EX FICO as of 03/16/2015
$400 CreditOne | $300 Cap 1 Platinum (AU)
Member
Posts: 23
Registered: ‎07-13-2012
0

Re: Wait it out or what?

Thanks. The only concern I have now is getting the letter to the right place. I think the collection agency I dealt with hs been bought out or no longer exists. Hmmm... Not sure where to go with that.

http://creditcardforum.com/images/cards/american-express-green-card.jpg
Established Member
Posts: 29
Registered: ‎09-16-2009
0

Re: Wait it out or what?


relentless602 wrote:

Thanks. The only concern I have now is getting the letter to the right place. I think the collection agency I dealt with hs been bought out or no longer exists. Hmmm... Not sure where to go with that.


If they no longer exist, then dispute it with TU. If they don't exist, they can't verify, and won't respond to GWs.

Filed BK7: 8/2014 Discharged 01/2015 (Start FICO scores: EQ: 558, TU: 550, EX: 546)
554 EQ FICO as of 03/20/2015
554 TU FICO as of 03/02/2015
556 EX FICO as of 03/16/2015
$400 CreditOne | $300 Cap 1 Platinum (AU)
Member
Posts: 23
Registered: ‎07-13-2012
0

Re: Wait it out or what?

Yeah that seems like the way to go. If they don't respond to the dispute it would come off, but my only concern is that the information is accurate because I paid it years ago. Doesn't that mean that TU can't do anything about it? I mean, the thing comes off in December according to TU, but the sooner the better I can get this off of my record. 

http://creditcardforum.com/images/cards/american-express-green-card.jpg
Epic Contributor
Posts: 20,311
Registered: ‎03-19-2007
0

Re: Wait it out or what?

Dispute based on what asserted/documented inaccuracy in their reporting?

A dispute in name simply to require an investigation can be dismissed without investigation as "frivolous or irrelevant."

Established Member
Posts: 29
Registered: ‎09-16-2009
0

Re: Wait it out or what?


relentless602 wrote:

Yeah that seems like the way to go. If they don't respond to the dispute it would come off, but my only concern is that the information is accurate because I paid it years ago. Doesn't that mean that TU can't do anything about it? I mean, the thing comes off in December according to TU, but the sooner the better I can get this off of my record. 


I'd ask that someone with more knowledge than me chime in on this, but, I believe it boils down to your ethics. 

 

If the information is correct, then it should be on your report. If you wanted it removed as a measure of goodwill, then normally you would GW the CA, but in your case, the CA no longer exists, so you are unable to do that. Disputing the CRA would theoretically work, since they can't verify...but that could be unethical depending on how you look at it, since your only disputing on the basis of getting it removed since you KNOW they can't verify...You're not actually disputing becuase the information is incorrect.

 

Has anyone ever GW a CRA? Maybe that might be the solution, but I would still wait for someone that has more insight into this than me before taking any action.

Filed BK7: 8/2014 Discharged 01/2015 (Start FICO scores: EQ: 558, TU: 550, EX: 546)
554 EQ FICO as of 03/20/2015
554 TU FICO as of 03/02/2015
556 EX FICO as of 03/16/2015
$400 CreditOne | $300 Cap 1 Platinum (AU)
Member
Posts: 23
Registered: ‎07-13-2012
0

Re: Wait it out or what?

Hi Robert, 

 

No. The information is accurate and was paid long ago in 2007. It is scheduled to come off completely in Dec. and it is only on my TU bureau (hence why my score is lower there). I waa trying to see if there is anything I can do to get it off earlier, because I am paying off all of my revolving and this is my only other blemish to worry about. The agency that placed the collection no longer exists as far as I know and I was just wondering what to do with this situation. But yes, the infomation is accurate in terms of the biil and payment of the collection. 

http://creditcardforum.com/images/cards/american-express-green-card.jpg
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.