topic Re: Collections on my report at random in Rebuilding Your Credit

Collections on my report at random

sparklerd34 — Fri, 26 May 2017 12:30:56 GMT

So recently I purchased a new vehicle in march and paid a collection in full last month why is it that since 1 was removed 3 more have shown on my report. I don't recall receiving anything on the mail regarding them. My plan was to pay off one at a time because I want to improve my score etc and prepare for home purchase on a few years any suggestions?

Re: Collections on my report at random

RobertEG — Fri, 26 May 2017 23:32:40 GMT

Debt collectors have permissible purpose to pull a consumer's credit report without any need for any express authorization from the consumer.

They will often code such inquiries as soft in order to conceal them from normal credit reports received by a consumer.

You can, however, see debt collector soft pulls by ordering your complete report from annualcreditreport.com, which is limited only to consumers pulling their own reports, and thus can include soft as well as hard inquiries.

A debt collector can choose to wait in their collection activities until they have determined that the consumer may now be in a financial position to pay the debt.

If you are aware of unpaid collections, I would first check your records to determine the approximate DOFD, and thus get an idea of how long they could possible still report.

No collection can continue to appear in your credit report beyond 7 years plus 180 days from the DOFD.

Re: Collections on my report at random

Anonymous — Sat, 27 May 2017 02:14:58 GMT

@sparklerd34.

Sometimes it's a catch 22 when you're rebuilding and you're credit profile goes from being stagnant to showing improvement. Creditors know that you're now ripe for the picking cause you care about how your credit report look.

If you're not applying for anything, take care of the collections as you can, assuming that the CAs are not threatening litigation.

Re: Collections on my report at random

sparklerd34 — Sat, 27 May 2017 13:12:09 GMT

@RobertEG wrote:
Debt collectors have permissible purpose to pull a consumer's credit report without any need for any express authorization from the consumer.
They will often code such inquiries as soft in order to conceal them from normal credit reports received by a consumer.
You can, however, see debt collector soft pulls by ordering your complete report from annualcreditreport.com, which is limited only to consumers pulling their own reports, and thus can include soft as well as hard inquiries.

A debt collector can choose to wait in their collection activities until they have determined that the consumer may now be in a financial position to pay the debt.

If you are aware of unpaid collections, I would first check your records to determine the approximate DOFD, and thus get an idea of how long they could possible still report.
No collection can continue to appear in your credit report beyond 7 years plus 180 days from the DOFD.

Thanks RobertEG

Re: Collections on my report at random

sparklerd34 — Sat, 27 May 2017 13:14:19 GMT

@Anonymous wrote:
@sparklerd34.

Sometimes it's a catch 22 when you're rebuilding and you're credit profile goes from being stagnant to showing improvement. Creditors know that you're now ripe for the picking cause you care about how your credit report look.

If you're not applying for anything, take care of the collections as you can, assuming that the CAs are not threatening litigation.

Thanks kaykay65 im not trying to apply for anything right now. im just trying to get a good profile long term, its like i take care of 1 and 3 more are added. I guess it can be frustrating but i never really cared as much as i do now too.

Re: Collections on my report at random

rmduhon — Sat, 27 May 2017 14:07:25 GMT

Just deal with them one by one and eventually you'll get to the end of them. Slow and steady wins the race.

Re: Collections on my report at random

sparklerd34 — Sat, 27 May 2017 15:15:04 GMT

@rmduhon wrote:
Just deal with them one by one and eventually you'll get to the end of them. Slow and steady wins the race.

Yea i keepy trying to remind myself that all the time.... thanks! I need patience lol

Re: Collections on my report at random

rmduhon — Sat, 27 May 2017 15:32:06 GMT

That's why hubby will have nothing to do with rebuilding our credit. The man has no patience at all

Re: Collections on my report at random

Anonymous — Sat, 27 May 2017 19:02:31 GMT

@sparklerd34 wrote:
@rmduhon wrote:
Just deal with them one by one and eventually you'll get to the end of them. Slow and steady wins the race.
Yea i keep trying to remind myself that all the time.... thanks! I need patience lolI

I feel your pain. I have one CO and 1 late payment still on my reports and they will fall off later on in the year and I feel like I need patience too cause nothing going to make them disappear except time.

Re: Collections on my report at random

sparklerd34 — Sun, 28 May 2017 11:41:37 GMT

@rmduhon wrote:
That's why hubby will have nothing to do with rebuilding our credit. The man has no patience at all

I understand. i did that but eventually i needed credit and i didnt want to be biting my names for a yes or no.