12-11-2012 04:12 AM
I have two student loans but they show up 4 times from the OC on my CR. The two that I have been refinanced and are reporting paid as agreed. However, the OC has one listed as a paid collection and the other is listed as a collection so I submitted a DV. I just received the DV back and all of the information is wrong on the application. Wrong middle name, SS, DOB, address, references...EVERYTHING is wrong. I'm new to this and I wasn't expecting this. UUUmmm what to do now? Make copies for all 3 CB attach a letter simply stating this is not my debt? Should I say something else? Should I contact the OC too?
12-11-2012 10:41 AM
For clarity, the 4th is a collection reported by a CA? I ask because of your last question referencing contact with the OC. Do you feel this account could be yours and that maybe the CA screwed up by validating the wrong account? Or do you feel positive the account never was yours and there could be a case of ID theft?
12-11-2012 11:53 AM
1.) AES REFINANCED PAID COLLECTION 2.) AES REFINANCED COLLECTION 3.) AES/BRAZO REFINANCED PAID COLLECTION 4.) AES/BRAZO REFINANCED PAID COLLECTION. I DV because of the one account that is saying COLLECTION when it should say PAID COLLECTION. I know for a fact I only have two loans. I'm not sure why it is posted like this.
12-11-2012 12:55 PM
Collections are reported by the debt collector, not the OC.
With the debt apparently having been paid, I dont see the DV process as the procedure to address the issue, which is apparently the double-reporting of the same collection by the same party, one as a collection with no idication of payment, and the other reflecting the collection with the addtion of its ultimate payment.
Debt validation on their part is simple... we verified that the debt is currently $0.
I would use the dispute process to address what is apparently the real issue... inaccurate credit reporting, not validation of a paid debt.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.