topic Re: Collection account fell off from my credit report in Rebuilding Your Credit

Collection account fell off from my credit report

Lvmont — Wed, 24 Jun 2020 18:32:07 GMT

A collection account got reported to my credit back in January or Febuary. It was from ATT, it was on my credit for 4 or 5 months then i got a notification from experian this morning that the collection was removed. I don't know why it was removed, I didnt make any payments towards the account. Should I be worried that it might show up back on my credit? On the brightside, my credit score boosted back up to 792 from 618 so thats a plus.

Re: Collection account fell off from my credit report

RSX — Wed, 24 Jun 2020 19:05:59 GMT

might be good news - but since you didnt make any payments, you should expect it to show up again

it may have been sold to another CA

IF it does, take care of it right away - pay it off - get it at least updated to $0, and hopefully they will PFD

also, you need to check your FICO scores for real scores - any increase over 100 points is a Vantage type score (Credit Karma or similar) which most lenders DO NOT use

Re: Collection account fell off from my credit report

Lvmont — Wed, 24 Jun 2020 19:37:46 GMT

@RSX wrote:
might be good news - but since you didnt make any payments, you should expect it to show up again
it may have been sold to another CA

IF it does, take care of it right away - pay it off - get it at least updated to $0, and hopefully they will PFD

also, you need to check your FICO scores for real scores - any increase over 100 points is a Vantage type score (Credit Karma or similar) which most lenders DO NOT use

I checked experian this morning, not credit Karma. So that's my actual score, which I'm very happy about.

Re: Collection account fell off from my credit report

FireMedic1 — Wed, 24 Jun 2020 19:49:32 GMT

Whos the CA? Some shady ones will remove it and place it back on a couple months later so it looks new and you take a hit again. An attempt to get you to pay.

Re: Collection account fell off from my credit report

Lvmont — Wed, 24 Jun 2020 20:05:58 GMT

Credence Management Resources

Re: Collection account fell off from my credit report

RobertEG — Wed, 24 Jun 2020 20:53:00 GMT

A collection can be removed in either of two ways.

First, it could have been excluded by the CRA due to having reached its credit report exclusion date (i.e., approx 7 years after DOFD), OR second, the debt collector reported explicit deletion of its prior reporting to the CRA.

Reporting of deletion by a debt collector is common on an unpaid debt if the collection authority of the debt collector has been terminated, due either to termination of assigned collection authority if they did not own the debt, or their sale of the debt to another if they owned the delinquent debt. The common CRA reporting policy of the big-3 CRAs, as set forth in their common credit reporting manual, instructs debt collectors to report deletion of reported collections if the debt is unpaid and their collection authority is terminated.

Another debt collector who obtains collection authority can report their own collection at any time, so it is common for a deleted collection to reapppear under the name of the new debt collector.

Re: Collection account fell off from my credit report

FireMedic1 — Wed, 24 Jun 2020 22:01:12 GMT

Is AT&T still on your reports?

Re: Collection account fell off from my credit report

Lvmont — Wed, 24 Jun 2020 23:29:36 GMT

Nope, nothing is on my report like nothing ever happened.

@FireMedic1 wrote:
Is AT&T still on your reports?

Re: Collection account fell off from my credit report

gdale6 — Thu, 25 Jun 2020 15:58:11 GMT

@Lvmont wrote:
Nope, nothing is on my report like nothing ever happened.
@FireMedic1 wrote:
Is AT&T still on your reports?

Now is the time to settle it in exchange for it not reporting, I would first contact AT&T in an attempt to pay them .

Re: Collection account fell off from my credit report

Brian_Earl_Spilner — Thu, 25 Jun 2020 16:03:52 GMT

@gdale6 wrote:
@Lvmont wrote:
Nope, nothing is on my report like nothing ever happened.
@FireMedic1 wrote:
Is AT&T still on your reports?

Now is the time to settle it in exchange for it not reporting, I would first contact AT&T in an attempt to pay them .

Yup. From what I've seen, most CAs that utilities hire don't do PFD and the OC won't recall the debt. Now is the time to strike.

Re: Collection account fell off from my credit report

Brian_Earl_Spilner — Thu, 25 Jun 2020 16:04:59 GMT

@FireMedic1 wrote:
Is AT&T still on your reports?

Utilities wouldn't normally show up on your report. Maybe sagestream, ARS, etc.

Re: Collection account fell off from my credit report

Lvmont — Thu, 25 Jun 2020 19:20:32 GMT

I just called ATT and the debt got sold to another collection agency. Sunrise credit services. I'm wondering if I should give them a call and see if they'll do a payment plan and stop it from reporting on my credit.

Re: Collection account fell off from my credit report

blindambition — Thu, 25 Jun 2020 19:22:42 GMT

@Lvmont wrote:
I just called ATT and the debt got sold to another collection agency. Sunrise credit services. I'm wondering if I should give them a call and see if they'll do a payment plan and stop it from reporting on my credit.

Call before it gets placed again.

Re: Collection account fell off from my credit report

Lvmont — Thu, 25 Jun 2020 19:57:31 GMT

I just called the CA, I had them put me on a payment plan. So it doesnt get reported to my credit report again.