11-02-2012 04:28 AM
11-02-2012 06:45 AM
So i disputed an acct on equifax and they endes up deleting the acct which is great. the acct was with nationwide bank. but just 2daya prior i spoke with someone n set up an payment arrangement AND i also sent a letter out to the VP. i just found out it was deleted. I dont know if it will reappear on my credit report being that i made a payment arrangement. do i call back and cancel it? or just do nothing, and also the letter for PFD is already on its way...what should I do?
same thing just happened to me. I disputed the dates that they reported on my late payments after confirming they were wrong with the creditor. The account was just deleted from all 3 of the CRA's but I still owe for the student loan and made a payment yesterday.
So basically, just b/c it was removed from your CR doesn't mean the debt has vanished. You still owe the money as well; unless the account and been zeroed out and closed by the creditor.
Like you, I don't mind the account had been deleted from my credit file because it has 3 derog's on it, and I have a plethora of student loans (installment loans) already reporting so by having that deleted my score jumped 43pts in one day.
11-02-2012 06:48 AM
my bad, i just noticed this was for a PFD.
so were the terms of the PFD to pay and have them delete, but you disputed before the PFD settlement and it has already been deleted?
11-02-2012 09:34 AM
Hmm.. I'd still pay it. That way it doesn't show up with another JDB. See what they send back.
11-03-2012 04:58 AM
11-03-2012 11:35 AM
11-03-2012 04:12 PM
You stand a much better chance of it not showing back up if it's paid.
11-04-2012 01:33 AM - edited 11-04-2012 01:34 AM
When you say you "set up a payment agreement," what specifically did you do?
If it was a mutual agreement on the part of both parties with agreed terms, they could attempt to enforce it as a contract.
If in writing, most likely a slam dunk for them. If only oral, they could still attempt to enforce it if they can document the contract.
One party cannot just call the other and unilaterally void a contract. If and when agreed payment is due and not forwarded, you could find yourself in court.
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.