topic Re: Paid Collections in Rebuilding Your Credit

Paid Collections

nicemann — Thu, 01 Jan 2009 14:07:06 GMT

I had a collection from 2004. I kept disputing it and finally decided to give in and pay it. I did not want it to go to a judgment. Well now when I check my CRs the fall off date has disappeared. Does that mean I am screwed and it will keep reporting for 10 years now because it is paid? Does it still not need to fall off since the date it first became late? I was recently declined a CLI with BoA because of it. First time I've been denied with them.

Thank you for any insight!

Re: Paid Collections

Anonymous — Thu, 01 Jan 2009 15:02:36 GMT

Disputing it on what basis?

When you say collection, is it being reported by the OC or CA?

Did you just have lates or did it actually get to the CO/Collection status.

Where are you getting the report you are looking at?

Re: Paid Collections

nicemann — Thu, 01 Jan 2009 18:12:11 GMT

@Anonymous wrote:
Disputing it on what basis?

When you say collection, is it being reported by the OC or CA?

Did you just have lates or did it actually get to the CO/Collection status.

Where are you getting the report you are looking at?

I tried the HIPAA Process. Didn't work for me. I give up on that now.

It was a medical bill I didn't pay till years after.

I am looking at my actual Equifax report.

Re: Paid Collections

Anonymous — Thu, 01 Jan 2009 18:33:48 GMT

Equifax doesn't give a fall off date, only TU and EX does.

What DOFD is listed?

Re: Paid Collections

nicemann — Thu, 01 Jan 2009 21:18:04 GMT

Sorry I meant EX. It is not giving a date. Before I paid it it showed "This account is scheduled to continue on record until Oct 2010" and now it does not have that line on my report. So I pay it and I get stuck with it on my report for another 10 years or what?

Re: Paid Collections

Anonymous — Thu, 01 Jan 2009 21:21:43 GMT

Sometimes you have to click "print report" or "printer friendly" to see the removal date.

If even after that it doesn't show one, I would start by calling EX and ask what the FCRA Compliance Date is or the estimated date of removal if they don't know what FCRA Compliance Date is.

Re: Paid Collections

nicemann — Thu, 01 Jan 2009 21:23:42 GMT

@Anonymous wrote:
Sometimes you have to click "print report" or "printer friendly" to see the removal date.

If even after that it doesn't show one, I would start by calling EX and ask what the FCRA Compliance Date is or the estimated date of removal if they don't know what FCRA Compliance Date is.

Yeah I tired to print the report and it does not show it anymore. Guess I will have to call them up whenever I can get their hours to work around my job hours. I am current on that it still should be the same remove date , right?