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Wow, sorry to hear this, Jon. I hope someone else chimes in with helpful advice.
@jons998877 wrote:
Nothing on EX.. but I have a few PFD and another collection I just paid... plus 7 lines that should fall off in next 3 months... so not sure what happened
Try posting in the Rebuilding thread. I think you might get more relevent feedback from folks there.
A creditor is permitted to report updates to a CRA on any delinquent account, which informs that the account remains delinquent, and thus the period since intital delinquency has increased.
Continued updating of a delinquent account is totally proper, and can even be argued as required under FCRA 605(a)(2) in order to maintain the accuracy of the current period since initial account delinquency. It can also be updated to show any increase in balance due to assessment of additional interest or late fees.
It is a very common reporting practice.
I could see it happening for a dispute request. Target receives the dispute and fires back the correct info to all the bureaus, but for EE, it seems a little weird. You're not disputing, just requesting they remove it ahead of time.
@RobertEG wrote:A creditor is permitted to report updates to a CRA on any delinquent account, which informs that the account remains delinquent, and thus the period since intital delinquency has increased.
Continued updating of a delinquent account is totally proper, and can even be argued as required under FCRA 605(a)(2) in order to maintain the accuracy of the current period since initial account delinquency. It can also be updated to show any increase in balance due to assessment of additional interest or late fees.
It is a very common reporting practice.
What are OP's options? It sounds like OP needs to pay off the balance. Is this a scenario where PFD applies? Or some other technique? I'm new to this side of things.