https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Removing-a-Collection/m-p/1449718#M192438 <P>If reporting $0, send GWs to WF. Be succinct in explaining the situation. If they say no, try again. Ignore others' success/failures.</P> Sat, 16 Jun 2012 15:01:54 GMT llecs 2012-06-16T15:01:54Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Removing-a-Collection/m-p/1449588#M192421 <P>My brother has asked me to help him with a derogatory item on his credit report. &nbsp;Late last year, he was involved in a car accident and his car was totaled. &nbsp;He had gap insurance, thankfully. &nbsp;The property recovery from the at fault driver's insurance paid about 700 less than what was owed for the vehicle. &nbsp;He got a letter from Wells Fargo, which financed the car purchase, indicating he needed to file his claim with the gap insurance provider. &nbsp;Wells Fargo was obviously aware of the existence of a gap policy. &nbsp;For whatever reason my brother didn't file his gap claim until about two months after he was requested to by Wells Fargo. &nbsp;Wells Fargo sent my brother an invoice for the remaining balance and my brother filed his gap claim the next day.</P><P>&nbsp;</P><P>Anyway, the gap insurance payment to Wells Fargo did not occur until after Wells Fargo referred the delinquency to what appears to be an in-house collection agency. &nbsp;(This is where I come in). &nbsp;My brother's credit score dropped about 100 points and he wants me to try to fix it. &nbsp;I told my brother to call Wells Fargo and see what could be done. &nbsp;He's basically been told that once the collection hits, there's nothing that can be done, other than to contact Equifax. &nbsp;We got his credit score with a free trial on myfico. &nbsp;</P><P>&nbsp;</P><P>I told my brother I'd be happy to write a goodwill letter to Wells Fargo, but all indications are that this would be a waste of time. &nbsp;If we forego doing that and just contest the collection through Equifax, it's my understanding the delinquency, even if deleted, could be added back on by Wells Fargo. &nbsp;Also, I understand that even though the credit reporting bureaus are supposed to share information, if Equifax were to delte, Transunion and Experian may still report.</P><P>&nbsp;</P><P>Basically, I'm wanting to help my brother out and get this item off his record. &nbsp;He has a pristine credit record but for this blemish. &nbsp;Can anyone offer some advice?</P> Sat, 16 Jun 2012 11:30:39 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Removing-a-Collection/m-p/1449588#M192421 bornhuge 2012-06-16T11:30:39Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Removing-a-Collection/m-p/1449718#M192438 <P>If reporting $0, send GWs to WF. Be succinct in explaining the situation. If they say no, try again. Ignore others' success/failures.</P> Sat, 16 Jun 2012 15:01:54 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Removing-a-Collection/m-p/1449718#M192438 llecs 2012-06-16T15:01:54Z