topic Re: Arrow Financial says not reporting to CRA's in Rebuilding Your Credit

Arrow Financial says not reporting to CRA's

Anonymous — Mon, 05 Apr 2010 15:39:20 GMT

Yet TU and EX have this paid collection listed on my reports. I have disputed in the past and it comes back verified but something tells me that they aren't really verifying it. I spoke to a rep from Arrow this morning who said they aren't reporting anything. How should I proceed with TU or EX? Should I call Arrow and ask them to send letters if they will? Also, this is from a little over 3 years ago so I wonder if it is even having an effect on my score.

Re: Arrow Financial says not reporting to CRA's

Anonymous — Mon, 05 Apr 2010 15:54:08 GMT

I would send a GW to the CA and ask them to have them removed from your CR. If the person you talked to over the phone is fair enough with you about it, get his name and the addy of the CA and send it directly to him/her/

Re: Arrow Financial says not reporting to CRA's

Anonymous — Mon, 05 Apr 2010 17:18:59 GMT

@Anonymous wrote:
Yet TU and EX have this paid collection listed on my reports. I have disputed in the past and it comes back verified but something tells me that they aren't really verifying it. I spoke to a rep from Arrow this morning who said they aren't reporting anything. How should I proceed with TU or EX? Should I call Arrow and ask them to send letters if they will? Also, this is from a little over 3 years ago so I wonder if it is even having an effect on my score.

Send a DV to Arrow.

Re: Arrow Financial says not reporting to CRA's

Anonymous — Mon, 05 Apr 2010 17:52:47 GMT

I'm not sure I understand why I would DV them for something I paid in january of 07? How would that help in getting TU and EX to stop reporting it when Arrow says they are not reporting anything? I think I'm going to call them back and ask them to send me a letter which states that there should be no reporting of this to any CRA. I have a feeling the CRA's aren't doing much of an investigation.

Re: Arrow Financial says not reporting to CRA's

Anonymous — Mon, 05 Apr 2010 18:00:32 GMT

@Anonymous wrote:
I'm not sure I understand why I would DV them for something I paid in january of 07? How would that help in getting TU and EX to stop reporting it when Arrow says they are not reporting anything? I think I'm going to call them back and ask them to send me a letter which states that there should be no reporting of this to any CRA. I have a feeling the CRA's aren't doing much of an investigation.

It is NOT the CRAs that are reporting, it is the CA. The CRAs only report what the CAs and creditors tell them to.

With that said, there is nothing wrong with sending a DV for a paid collection. They still need to be able to validate, if they cannot it gets removed. With a DV, if you tell them it is on your CR and they say it is not, the burden of proof is one them.

When a CRA investigates, there are 3 ways to go about it. 1. Letter to creditor/CA 2. Phone call to creditor/CA 3. EOscar, a database.

If they are using EOscar, then there is still something in the database from Arrow. Arrow needs to remove it from EOscar.