@Anonymous wrote:I had a credit card with US Bank that charged off in 2013. Since then, it has been reporting as a charge-off/collection, understandably. January 2015 it was sold to Portfolio Recovery. Now that I'm finally in a position to try to resolve old debts and attempting to get them cleared up one by one in a pretty short window of time, I made a deal with Portfolio Recovery in March to have it "settled in full" for less than the original balance. I had offered to pay in full for a deletion, but as more and more CAs/OCs are saying these days, it's against their policy and they refused. As it turns out, Portfolio had not even been reporting to the CBs -- that is, until we reached our agreement. After that, a "new collection account" showed up on all my reports, one by one, bringing each down about 14 points. They have a zero balance, as they should, but it just seems wrong that I can have a 2-year-old debt that I just paid off show up as a brand new one and hurt my score all over again. I called PR and asked if they'd be willing to retract the reporting, since they'd already been paid and all, and since they hadn't even reported until after being paid, but they refused. They did take the opportunity to hit me up for the remainder of the original balance and offer to change it to Paid In Full, though. Scumbags. What's interesting is that they said the account is dated to fall off 5 years from now. On one hand I guess I'm lucky they didn't re-age it (or whatever the term is) and date it out to 2022, but on the other hand, it seems to acknowledge the fact that this is already a 2-year-old debt and makes me wonder even more why it should be treated on paper as a new one, which it currently is. With the original account already constantly showing as a negative and doing whatever damage that does, I feel like I shouldn't sustain new damage from that same debt just because some other company purchased it (for pennies on the dollar no less). Does this sound dispute-worthy?
They cant reage it that would be illegal once the OC sets a DoFD thats it it can never be changed. Its non disputable and it is legal. I would try to remove it with GW letters but I will tell you PRA is one of the worst to deal with. For them to even try and collect more after it was legally settled sounds like it could very well be a violation of law Im not sure on that though.
