10-20-2012 05:15 AM
10-20-2012 05:20 AM
And cost me 3 fico points. I need to know how to best handle this. I checked my CR and saw it there with a different balance then before and the CA is different.
On a side note...my old Cap1 account balance finally reported the right balance and I gained 15 FAKO points from it.
Did the OC charge off come back? Or did it come back with a different colleciton agency?
And how was it removed originally? Via dispute?
10-20-2012 05:26 AM
10-20-2012 05:29 AM
It was AFNI originally and I DV'd them and they deleted it. Now it's back as IC Systems with a $200 increase to the balance.
Okay, well there is nothing wrong with that in and of itself... CA's sell accounts all the time..
I would DV IC Systems; if ANFI couldn't validate, IC Systems likely cannot.
The only time reinsertion of an account posses potential FCRA violations is if the SAME creditor reinserted information after a deletion due to dispute.
Voluntary removal isn't part of that, and since this is a new company, you have to tackle the debt the same as a new one..
This is why DV deletions are double edged swords. As long as the debt exists, it can come back
10-20-2012 05:44 AM
Thanks Scott. Seems like a certified mail is in order.
Yeah; I would definitely send a DV asap..
Did they ever send a dunning on this? You might be able to leverage them because reporting to a CRA is considered collection activity, and if they didn't send you a dunning you could possibly use a potential FDCPA violation to your benefit in convincing them to forget about this debt....
10-20-2012 06:05 AM
No...no dunning notice. How would I leverage this?
Well, they are required to send a dunning notification witin I believe 5 days of starting collections... it might be 30.. one of the two (two lazy to look it up) and placing on a credit report is considered collection activities.. if they didn't well, thats a violation of the FDCPA..
You could send them the DV mentioning this.. or you could use a BBB complaint mentioning this.. you could report it to the FTC.. you could file a lawsuit.. you have recourse.. if the ultimate goal is to get rid of it, I would consider using this information along with a PFD so it goes away forever, because even if you are able to remove it again, it will just keep coming back with new CAs
10-20-2012 08:09 AM
The dunning notice is required within 5 days of notification to you of the collection account. Posting to your CR is covered by this too. If you do not receive a dunning notice, then they are in violation.
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.