topic Re: Yay! Had a collection account removed by EQ in General Credit Topics

Yay! Had a collection account removed by EQ

creditgirl — Wed, 05 Sep 2007 18:32:41 GMT

I know this is not a REAL big deal as this was a duplicate account on equifax, but at least they removed it with no problem. Also, I just have a pfd for a 3 year old account for $112 approved!! I am so glad to see something working especially considering I have just started working on this!!! To make it even better, Equifax says the Cap One cc for $1750 (that was originally $200) will come off in November!! Yea!! I was gonna pay it but since it's coming off so soon and I didn't owe them anywhere near that amount, I'm gonna just let it hapen.

So, do you think I will see a small increase in my cs once these are off? The duplicate account was old from 2001 so I know it won't help too much. The capital one cc has my utilization at like 200% so I'm sure that will help once it's gone (am I right?).

I have some more disputes with cra's so I'm going to wait to see what happens. I will definitely send out a few more pfd's to see what i get back. I receive such a fast response from the one cra that i'm getting excited!!

Have a good day and thanks so much for all the information here.

Re: Yay! Had a collection account removed by EQ

Anonymous — Wed, 05 Sep 2007 18:57:15 GMT

creditgirl wrote:
I know this is not a REAL big deal as this was a duplicate account on equifax, but at least they removed it with no problem. Also, I just have a pfd for a 3 year old account for $112 approved!! I am so glad to see something working especially considering I have just started working on this!!! To make it even better, Equifax says the Cap One cc for $1750 (that was originally $200) will come off in November!! Yea!! I was gonna pay it but since it's coming off so soon and I didn't owe them anywhere near that amount, I'm gonna just let it hapen.

So, do you think I will see a small increase in my cs once these are off? The duplicate account was old from 2001 so I know it won't help too much. The capital one cc has my utilization at like 200% so I'm sure that will help once it's gone (am I right?).

I have some more disputes with cra's so I'm going to wait to see what happens. I will definitely send out a few more pfd's to see what i get back. I receive such a fast response from the one cra that i'm getting excited!!

Have a good day and thanks so much for all the information here.

Congrats, that is great news. Did you have to go through CSC?

Re: Yay! Had a collection account removed by EQ

creditgirl — Wed, 05 Sep 2007 18:59:32 GMT

Thanks! Sorry, I'm new to this all so I don't know what CSC is. Could you explain? also, do you think I'll see an increase in my credit score once with these 2 collection accounts removed. What about when the Cap One falls off and my util goes down?

Thanks!

Re: Yay! Had a collection account removed by EQ

jschaffer — Wed, 05 Sep 2007 19:03:14 GMT

@Anonymous wrote:
Congrats, that is great news. Did you have to go through CSC?

Why would you have to go through CSC? Why can't you just send mail to the big 3 CRA's? (Genuinely curious)

Re: Yay! Had a collection account removed by EQ

jschaffer — Wed, 05 Sep 2007 19:04:34 GMT

@creditgirl wrote:
Thanks! Sorry, I'm new to this all so I don't know what CSC is. Could you explain? also, do you think I'll see an increase in my credit score once with these 2 collection accounts removed. What about when the Cap One falls off and my util goes down?
Thanks!

CSC is a credit service organization. Kind of like a all-in-one credit reporting resource for businesses so that they don't have to separately talk to all 3 credit reporting agencies.

Re: Yay! Had a collection account removed by EQ

creditgirl — Wed, 05 Sep 2007 19:06:02 GMT

Oh okay! No, I did not go through CSC, I just disputed the item with all 3 CRAs.

Re: Yay! Had a collection account removed by EQ

jschaffer — Wed, 05 Sep 2007 19:30:04 GMT

No problem. And to answer your other question, without knowing the full details of your credit report, when your CapOne falls off, yes your score will rise. I can't say by how much because all 3 credit agencies calculate your FICO differently. (10 to 20 points higher is a possibility)

Re: Yay! Had a collection account removed by EQ

creditgirl — Wed, 05 Sep 2007 19:37:00 GMT

Thanks. The only other revolving account I have open is an authorized user account (which may be gone) that is at about 9% util and another cc that is at about 9% util. the cap one card is making it appear as though my utilization is a little over 200%.

Also, I still have about 9 collection accounts that I am going to attempt to have removed. I am pretty sure a about 4 of them will accept the PFDs as they are medical accounts that will fall off in a about 6 months anyway. They are small amounts (like $50 and under). The other 4, which are more recent, I'm not sure they will accept the PFDs. One is Midland, so it's likely they won't budge.

I'm hoping the 2 I am already having removed will help out some as well.

Thanks!

Re: Yay! Had a collection account removed by EQ

jschaffer — Wed, 05 Sep 2007 19:45:02 GMT

FYI, Authorized User Accounts aren't going to count towards helping your score anymore. The CRA's got tired of people using these as loopholes to improve their scores. I'm still unsure if the balance/utilization on these can hurt you though. Just something to keep in mind.

Re: Yay! Had a collection account removed by EQ

Anonymous — Fri, 07 Sep 2007 14:24:01 GMT

@jschaffer wrote:

@creditgirl wrote:
Thanks! Sorry, I'm new to this all so I don't know what CSC is. Could you explain? also, do you think I'll see an increase in my credit score once with these 2 collection accounts removed. What about when the Cap One falls off and my util goes down?
Thanks!

CSC is a credit service organization. Kind of like a all-in-one credit reporting resource for businesses so that they don't have to separately talk to all 3 credit reporting agencies.

Incorrect, CSC is what some areas of the country has to go through when disputing Equifax or trying to retrieve a credit report. They are more of an outsourcer to only Equifax. For instance, I tried to dispute some things on my Equifax report. I was prompted to put in my zip code. I was then sent to the CSC Credit Services webpage where I had to register and give them the information. I dont know if CSC actually made the decision on my dispute or just prepared the information for an Equifax representative to make the decision. Whatever the case, I was very happy with the resolution of getting several things deleted. Some people in this forum had had bad luck with CSC and would like to deal with Equifax directly. They really dont have a choice.

Re: Yay! Had a collection account removed by EQ

Anonymous — Fri, 07 Sep 2007 14:43:52 GMT

@jschaffer wrote:
@Anonymous wrote:
Congrats, that is great news. Did you have to go through CSC?

Why would you have to go through CSC? Why can't you just send mail to the big 3 CRA's? (Genuinely curious)

It depends on where you live. I live in Missouri and all Equifax transactions is outsourced to CSC. I think a large portion of the US has to go through CSC.

I read on another post that 15 states has to go through CSC. So if you live in those states you send anything by mail to Equifax IT SHOULD be forwarded to CSC.

Message Edited by monro411 on 09-07-2007 07:43 AM

Re: Yay! Had a collection account removed by EQ

jschaffer — Fri, 07 Sep 2007 18:58:51 GMT

What 15 states does CSC cover?

I noticed that they're located in Dallas, TX, and I live near Austin, TX so I'm wondering if I'm included in one of those states that has to mail CSC instead....

So when wanting to fix Equifax stuff, who do I write to?

Re: Yay! Had a collection account removed by EQ

sl — Fri, 07 Sep 2007 21:28:28 GMT

I live in KS and I have to go through CSC as well.

Re: Yay! Had a collection account removed by EQ

Anonymous — Fri, 07 Sep 2007 21:28:49 GMT

jschaffer wrote:
What 15 states does CSC cover?

I noticed that they're located in Dallas, TX, and I live near Austin, TX so I'm wondering if I'm included in one of those states that has to mail CSC instead....

So when wanting to fix Equifax stuff, who do I write to?

Texas is one of the states that uses Equifax. If you have to dispute online goto www.equifax.com (you can also go directly to www.csccredit.com) and click on disputes. Type in your zip code and you would be connected to CSC's dispute center. Contact information is

CSC Credit Services
Disclosures
P O Box 619054
Dallas, TX 75261-9054
(800) 759-5979
www.csccredit.com

Re: Yay! Had a collection account removed by EQ

jschaffer — Sat, 08 Sep 2007 15:38:58 GMT

@Anonymous wrote:

@jschaffer wrote:
What 15 states does CSC cover?

I noticed that they're located in Dallas, TX, and I live near Austin, TX so I'm wondering if I'm included in one of those states that has to mail CSC instead....

So when wanting to fix Equifax stuff, who do I write to?
Texas is one of the states that uses Equifax. If you have to dispute online goto www.equifax.com (you can also go directly to www.csccredit.com) and click on disputes. Type in your zip code and you would be connected to CSC's dispute center. Contact information is
CSC Credit Services
Disclosures
P O Box 619054
Dallas, TX 75261-9054
(800) 759-5979
www.csccredit.com

So just for my clarification, if I want to dispute something I have the option of writing Equifax directly? Or I have no choice but to use CSC?

Thanks!

Re: Yay! Had a collection account removed by EQ

Anonymous — Sat, 08 Sep 2007 15:45:31 GMT

I live in KY and have to go through CSC. You will know if you have to do it like the other poster said- you will go to dispute, it will have you put in your zip, and then (or maybe a couple screens later) the CSC website will come up.

Re: Yay! Had a collection account removed by EQ

jschaffer — Sat, 08 Sep 2007 15:51:50 GMT

I just confirmed, I am one of those that has to use CSC. heh.

Ok, so even if I want to fix my reported address that means I have to write CSC too eh?

Re: Yay! Had a collection account removed by EQ

Anonymous — Sat, 08 Sep 2007 17:22:07 GMT

congrats!