topic Re: Collections disappeared... miracle? in Rebuilding Your Credit

Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:30:32 GMT

Just checked my scores from all 3 CRA's and noticed my scores went up on all of them. After reviewing my credit report it looks like a collections acct w/ Portfolio Recovery dropped off my report within the last 10 days. They were on my list to send a GW letter to but haven't had a chance to send those out yet. It wasn't scheduled to drop off my report until 2020. Am I in the clear and done with this collections account or is there a chance it will pop back up on my report? (account was paid over a year ago)

Also, I noticed with Equifax that my score went from 605 to 613 but the score that is marked as the one used for mortgages dropped from 577 to 552. How could this be? The only change on my report was the removal of the collections account and this drop was within a 10 day timeframe.

Re: Collections disappeared... miracle?

LShawn08 — Wed, 12 Aug 2015 16:13:24 GMT

@Anonymous wrote:
Just checked my scores from all 3 CRA's and noticed my scores went up on all of them. After reviewing my credit report it looks like a collections acct w/ Portfolio Recovery dropped off my report within the last 10 days. They were on my list to send a GW letter to but haven't had a chance to send those out yet. It wasn't scheduled to drop off my report until 2020. Am I in the clear and done with this collections account or is there a chance it will pop back up on my report?

More than likely pop back up. If you know it's a valid debt of yours and can reasonably pay it, find the new owner of the debt would be best and pay them to not report. Maybe the original owners bought it back.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:21:40 GMT

Portfolio has removed and put back on the same account pretty much every six months and updates monthly on my BFs reports- they're the worst, if you can go through the OC before it gets moved to another CA and get a PFD, I'd do that- don't forget to opt out now and make sure you've removed old addresses as well. We've disputed PRA repeatedly for how inaccurate their reporting is and it always comes back verified.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:29:27 GMT

I should mention that the account was paid over a year ago.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:35:33 GMT

That does make a difference- it should stay gone. Make sure you keep a hard copy of the clean reports, in case it finds its way back so you can either dispute or file the proper complaints

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:37:33 GMT

Will do! What would cause my other score (mortgage) to drop when the only change was the removal of the collections account?

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:45:29 GMT

Was that your only negative? Could be that you were "rebucketed". You're sure nothing else changed, no usage increase, no new inquiries, etc?

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:49:35 GMT

I have 2 other paid collections still on the report and no increase in usage (acutally paid some accounts down but they haven't reported yet). Looking again the only other change is 2 new inquiries.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 16:51:59 GMT

New inquiries can ding ya depending on how many you have. I would guess that's what it is

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 17:02:28 GMT

@Anonymous wrote:
Just checked my scores from all 3 CRA's and noticed my scores went up on all of them. After reviewing my credit report it looks like a collections acct w/ Portfolio Recovery dropped off my report within the last 10 days. They were on my list to send a GW letter to but haven't had a chance to send those out yet. It wasn't scheduled to drop off my report until 2020. Am I in the clear and done with this collections account or is there a chance it will pop back up on my report? (account was paid over a year ago)

Also, I noticed with Equifax that my score went from 605 to 613 but the score that is marked as the one used for mortgages dropped from 577 to 552. How could this be? The only change on my report was the removal of the collections account and this drop was within a 10 day timeframe.

The mortgage scores do not update, unless you purchase a new set of reports.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 17:03:40 GMT

@Anonymous wrote:
That does make a difference- it should stay gone. Make sure you keep a hard copy of the clean reports, in case it finds its way back so you can either dispute or file the proper complaints

That would not be a valid reason for a dispute.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 17:08:03 GMT

It is a paid collection that has been removed. What purpose would the CA have for reinserting it other than malice? I would think that reinsertion would be a very valid reason for filing a complaint and dispute.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 17:17:41 GMT

@Anonymous wrote:
It is a paid collection that has been removed. What purpose would the CA have for reinserting it other than malice? I would think that reinsertion would be a very valid reason for filing a complaint and dispute.

Proving that would be impossible. Removal could easily be blamed on a mistake. Its a valid debt and can legally be reported for 7.5 years. Being gone (from your reports) for any length of time does not change that fact. The only time you would have a reasonable complaint in such cases if if the removal was due to an agreement by them - a PFD.

Re: Collections disappeared... miracle?

Anonymous — Wed, 12 Aug 2015 17:18:11 GMT

@Anonymous wrote:
@Anonymous wrote:
Just checked my scores from all 3 CRA's and noticed my scores went up on all of them. After reviewing my credit report it looks like a collections acct w/ Portfolio Recovery dropped off my report within the last 10 days. They were on my list to send a GW letter to but haven't had a chance to send those out yet. It wasn't scheduled to drop off my report until 2020. Am I in the clear and done with this collections account or is there a chance it will pop back up on my report? (account was paid over a year ago)

Also, I noticed with Equifax that my score went from 605 to 613 but the score that is marked as the one used for mortgages dropped from 577 to 552. How could this be? The only change on my report was the removal of the collections account and this drop was within a 10 day timeframe.
The mortgage scores do not update, unless you purchase a new set of reports.

I did purchase a new set of reports (purchased all 3). Transunion and Experian showed my mortgage score increasing slightly with my Experian mortgage score dropping.

Re: Collections disappeared... miracle?

RobertEG — Wed, 12 Aug 2015 20:16:17 GMT

I agree with Norman.

The only restriction on reinsertion of information after its deletion is when the information was found, in a prior dispute, to be unverified.

In such situations, the information can still be reinserted provided the furnisher submits a certification of accuracy along with their reporting.

That restriction does not apply to your situation.

They can legitimately resinsert at any time, and there would be no disputable inaccuracy or non-comliance with the FCRA or FDCPA.

Unless their deletion was an admin snafu, it is likely that it was intentional to clear the boards of any future issues, and thus will not be reinserted.

However, reinsertion would not be improper.