topic Re: Collection Account Deletion in General Credit Topics

Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:26:07 GMT

Hi Guys, Fabulous news! I negotiated a collection deletion two days ago, it was submitted to my credit reports yesterday and today I received a score watch indicating that my score jumped 11 points! This makes up for all the headaches. Well I am going to keep plugging away at it. I guess persistence counts.It is phenomenal that it happened this fast.

Re: Collection Account Deletion

Tuscani — Fri, 22 Jun 2007 00:27:39 GMT

Congrats! Feels good doesn't it!

Message Edited by Tuscani on 06-21-2007 07:27 PM

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:31:36 GMT

How do you negotiate a credit deletion? I just paid off 12 things on my credit report, and another that was a court judgement. Can I get them off of my report without waiting the 7 years?

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:32:51 GMT

Do you know if you can do that if you have already paid the collection account? I didn't know that was something you could negotiate for when I paid off a collection account in Feb 06. Since that payment updated the aging I am going to have to live with it for a long time now!

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:42:44 GMT

I negotiated this after it was already paid. However, I do not recommend paying without a PFD. This particular collection was a medical account for $53 which I thought I took care of. I had knee surgery at the time and called someone who said to send a letter explaining my situation. He said he would forward it to management and he would call me back. I called to follow up and he said it was OK. This was lucky. I negotaited one last year for $385 that the company refused to budge on, but they granted my request because I refused to budge on the PFD - no deletion no money. After going back and forth within a two hour time period - several calls - I received my deletion. I did not pay until they faxed me a letter on comapany letterhead stating the account would be deleted.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:45:03 GMT

Try calling and asking for one. If they say no send a letter. If they say no - wait a few months and dispute on credit reports. After it is paid they generally care less and will file paperwork away or not verify. It Worked for me before.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:47:28 GMT

I already paid over a year ago before I knew there was such a thing as PFD. It's the only collection account I've ever had (or ever will have). It was some mail order stuff I ordered before I even turned 18. I had to go to cash only for a while to get NSF fees under control, and cancelled the card they were supposed to charge the monthly payments to. I called them before I cancelled the card and asked them to send me a bill so I could send them the money I owed and they said they didn't have that capability. So they sent it to collections after the first payment got declined.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:52:58 GMT

I call the CA, right?

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:53:08 GMT

I bet if you dispute the company probably will not verify as it is over 1 year.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:58:55 GMT

That may be, but to me disputing would be dishonest, since I did actually owe the debt. I'd rather stay on the legit side, for my conscience.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 00:59:52 GMT

Then why try for deletion?

Re: Collection Account Deletion

Barry — Fri, 22 Jun 2007 01:07:50 GMT

annah618 wrote:

That may be, but to me disputing would be dishonest, since I did actually owe the debt. I'd rather stay on the legit side, for my conscience.

Well said, annah618!

Noah_Bodie please take note....

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 01:11:55 GMT

Then why try for deletion?

As I understand it, deletion is a totally different bird. It's an agreement between you and the CA that they won't report anymore. That's totally different than trying to claim you never owed in the first place.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 01:12:30 GMT

Thanks Barry! Say, how do you quote the previous message like that?

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 01:19:55 GMT

I never said it was and what is with the hostility. Everyone here is only trying to solve their credit issues. Isn't this what the forum is about. Besides, you are inferring that I am dishonest because I negotiated a deletion. You are extremely wrong. Like I said, I PAID ALL MY ACCOUNT IN FULL - MANY PRIOR TO DELETION - I HABE NOT AVOIDED PAYING ANYTHING. I HAD SURGERIES WHICH RESULTED IN THE COLLECTIONS IN THE FIRST PLACE. THE CREDITORS AFTER LOOKING AT MY HOSPITAL RECORDS AGREED TO HELP. What happened for commom deceny and congeniality.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 01:23:59 GMT

I wasn't being hostile, I was responding to your question: "Then why try for deletion" by pointing out that deletion and dispute is not the same thing.

I did not say that YOU were dishonest, I said I would feel dishonest disputing a debt that actually did belong to me. There is no need to get defensive, just relax a bit.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 01:31:00 GMT

Since your debt is scheduled to fall off in six months the best thing to do is probably to let sleeping dogs lie and have it fall off. Besides, at this point the collection is not hurting your score that much anyways. Good luck.

Re: Collection Account Deletion

Anonymous — Fri, 22 Jun 2007 01:34:36 GMT

That's what I thought also. It's kind of a rub to let it stay there when it might not belong to you though, innit? Once it falls off it doesn't affect your score at all, right? FICO doesn't "remember" that it was there before, does it?

Re: Collection Account Deletion

MidnightVoice — Fri, 22 Jun 2007 01:40:01 GMT

annah618 wrote:

Once it falls off it doesn't affect your score at all, right? FICO doesn't "remember" that it was there before, does it?

In theory that is correct. But I would trust EX as far as I can throw an elephant, which has a wonderful memory

Re: Collection Account Deletion

Tuscani — Fri, 22 Jun 2007 01:46:14 GMT

Is it ethical for someone to report 1 or 2 late payments for 7 years? Sure, it's legal, but is it ethical for them to continue to hamper your efforts to improve your life and learn from past mistakes? Only you can decide...no one else.

CRAs have to be able to verify it by the original records to report it and if they can't, then they can't report it. Disputing is the avenue afforded us to request verification. You are simply asking them to check their records to confirm.

IMO, It doesn't matter one bit what we know or don't know. We aren't reporting anything. The law is clear that if the CRA is to report an account, they must be able to verify it with the furnisher (among other things). If the account, lates, etc cannot be verified- off it goes. There is no section of the FCRA that states that a consumer's personal knowledge of an account has any bearing on it's reporting or the CRA's requirement to verify. Doesn't matter.

There is no ethical dilemma about disputing accounts that you personally know are reporting correctly. What you know/don't know isn't relevant. (Try to have a non-reporting positive account put ON your reports for an idea of how little what you know matters). All you are doing is demanding the CRA prove that they can verify what they are reporting (no more, no less).

Making false statements is another matter, saying "I was never late" when you in fact were isn't appropriate nor is it necessary. Instead of claiming you were never late, insist the CRA prove that the lates that they report are accurate. "Please provide evidence that this information is accurate and belongs on my report" accomplishes the same thing as "I was never late" without making any statements on your part.