topic Re: Notice of Discontinuance?? in General Credit Topics

Notice of Discontinuance??

Anonymous — Fri, 22 Jun 2018 11:58:24 GMT

I am new here and am rebuilding credit after divorce. I have one account in collection left hurting my scores and just got a letter in the mail stating the account was filing a Notice of Discontinuance.

Anyone have any experience with this? Will this fall off my credit once they report to the CB?

Re: Notice of Discontinuance??

RobertEG — Fri, 22 Jun 2018 19:27:39 GMT

Did they file a civil action seeking a judgment, and the Notice of Discontinuance relates to notification that they are not pursuing the civil action?

If that is the case, the debt collector may have sold the debt to another.

Do you have any details on the history of the debt, any civil actions that were pending, and who now owns the debt?

Re: Notice of Discontinuance??

Anonymous — Fri, 22 Jun 2018 20:18:21 GMT

They did try to file civil action and then this was filed to close it with no prejudice. I have not recieved or can find anything about the debt being sold to anyone. It was from january 2016 for $800. I just looked at the account on my credit report again and it says "Account information disputed by consumer, meets FCRA requirements"

I did not dispute this and just want it to drop off my report Any ideas of what this all means?

Re: Notice of Discontinuance??

RobertEG — Fri, 22 Jun 2018 20:34:39 GMT

Whether or not they have discontinued any civil action is totally separate from credit reporting.

However, the reason they discontinued their civil action could be relevant if it was based on the fact that they no longer own the debt upon which the suit was based.

The CRAs have a policy, based on preventing two collections from simultaneously reporting on the same debt, that a debt collector is to delete their reported collection if they no longer have active collection authority and the debt remains unpaid.

Sale of the debt would terminate their collection authority, and thus be basis for removal of the collection.

Of course, the new owner may choose to report their collection, so removal of collection A may be followed by reporting of a new collection B.

Re: Notice of Discontinuance??

Anonymous — Fri, 22 Jun 2018 20:32:25 GMT

Thank you for explaing that, that makes sense, so best case scenerio the account will show as closed, and written off/sold and if noone else picks it up then my score should improve by that?

Thank you again for your help, I am trying really hard to rebuild my credit and these forums have been amazing for advice!