Bummed

[Anonymous]

I have really seen working hard to manage my credit and was making great progress with punching through 700 within the next 6 months. Then yesterday a collections hit experian and it took a 30 point dive. I do not recall anything being in collections, or owing anyone other than my known accounts which are all in good standing. I have received telephone calls, but I do not answer any unknown numbers because I receive at least 6 spam calls per day. I have not received any mail claiming I owe anyone or I have collection activity. I am really at a loss at how to proceed, and would love some constructive advice, all help much appreciated. Thanks in advance.

[Anonymous]

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@Anonymous wrote:

... I am really at a loss at how to proceed ...

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The 1st step is to see WHO is saying you are in default. You can order your free annual credit reports here. You noticed a score drop on Experian so it makes sense to get that one first. I would check the other two as well. 

Any next steps are contingent on what is on your credit report. 

[Anonymous]

Hi and welcome to the forums! James pointed out some great advise. Good luck and keep us posted!

[Iusedtolurk]

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@Anonymous wrote:

I have really seen working hard to manage my credit and was making great progress with punching through 700 within the next 6 months. Then yesterday a collections hit experian and it took a 30 point dive. I do not recall anything being in collections, or owing anyone other than my known accounts which are all in good standing. I have received telephone calls, but I do not answer any unknown numbers because I receive at least 6 spam calls per day. I have not received any mail claiming I owe anyone or I have collection activity. I am really at a loss at how to proceed, and would love some constructive advice, all help much appreciated. Thanks in advance.

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Definitely a bummer when something comes out of nowhere to negatively affect your scores when you are trying to improve them.

With that said Experian is the one that has the information on who just reported the collection so it will not be a mystery finding this out.

Once you find out the specifics then the forum can advise you on the next steps to take (there could be several).

Make sure to update this post then we will know how to advise you on how you should proceed.

[seattletravels]

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@Iusedtolurk wrote:

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@Anonymous wrote:

I have really seen working hard to manage my credit and was making great progress with punching through 700 within the next 6 months. Then yesterday a collections hit experian and it took a 30 point dive. I do not recall anything being in collections, or owing anyone other than my known accounts which are all in good standing. I have received telephone calls, but I do not answer any unknown numbers because I receive at least 6 spam calls per day. I have not received any mail claiming I owe anyone or I have collection activity. I am really at a loss at how to proceed, and would love some constructive advice, all help much appreciated. Thanks in advance.

---

Definitely a bummer when something comes out of nowhere to negatively affect your scores when you are trying to improve them.

With that said Experian is the one that has the information on who just reported the collection so it will not be a mystery finding this out.

Once you find out the specifics then the forum can advise you on the next steps to take (there could be several).

Make sure to update this post then we will know how to advise you on how you should proceed.

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This. Check your report and then come back and we'll give you advice. 

[donkort]

It might not actually be your collection account.   

[Anonymous]

I found the reporting collection agency it is Progressive Mgmnt Systems for $379. and I googled their #.should I call them?

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@Anonymous wrote:

I have really seen working hard to manage my credit and was making great progress with punching through 700 within the next 6 months. Then yesterday a collections hit experian and it took a 30 point dive. I do not recall anything being in collections, or owing anyone other than my known accounts which are all in good standing. I have received telephone calls, but I do not answer any unknown numbers because I receive at least 6 spam calls per day. I have not received any mail claiming I owe anyone or I have collection activity. I am really at a loss at how to proceed, and would love some constructive advice, all help much appreciated. Thanks in advance.

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[donkort]

Is it definitely your debt?

If so, I would seek to bargain for "pay for delete."  Have Progressive delete the collection account from all three bureaus in exchange for your payment. And have them email you the settlement in case they "forget."

[Anonymous]

👍

I do not recognize that debt. Possibly a medical bill that got missed from 5 or 6 years ago. If the debt is legitimately mine I want to make good on it. The bargain for delete sounds like a great option! Thanks

[seattletravels]

Let us know how it goes!