topic Re: Collection in Rebuilding Your Credit

Collection

Anonymous — Sun, 26 Jul 2009 17:26:37 GMT

Back in 2007 I paid Veritas Instruments the remaining balance that I owed them. All of a sudden it showed up on my credit report this month as a collection and it says 0 balance unpaid. What should be my next step?

Re: Collection

nothingman02 — Sun, 26 Jul 2009 19:11:54 GMT

Seems like you did not PIF. Do you have anything in writing?

Message Edited by nothingman02 on 07-26-2009 12:11 PM

Re: Collection

Anonymous — Wed, 29 Jul 2009 03:31:00 GMT

I will have to go back in my records and find documentation, however I did pay them in full and absolutely do not owe them another red cent, not to mention this was two years ago and all of a sudden they decide to report something on my credit report. What I need to know is what is the best possible solution to this situation? Any suggestions would be appreciated.

Re: Collection

Anonymous — Wed, 29 Jul 2009 03:47:35 GMT

I would probably start with a DV letter to the CA. If they can't validate the debt, I'd dispute with the CRA's.

Re: Collection

RobertEG — Wed, 29 Jul 2009 06:54:47 GMT

I assume Veritas was the OC, and that they accepted PIF to them back in 2007. That meant that, at the tme you paid the OC, there was no longer any OC debt upon which any CA could assert collection assignment, and the CA account was terminated.

Immediately DV the CA, and ask them how they can be collecting on a debt paid in full to the OC.

It will go away from your CR, as there is no legal basis for a CA to collect on a debt that no longer exists.