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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.