Collection Accounts under 100.00$

[Anonymous]

Hello everyone, I once had a financial advisor tell me that collection accounts under 100.00 dollars are not to be, or should not be posted on your credit report. He said its a rule by the National Credit Bureau, is anyone familiar with this?  Experian removed an 85.oo collection account, but Equifax and Trans Union wont removed the account?   Thanks

[Anonymous]

i think you should post this under general credit issues.  you will get more response. 

[marty56]

Did EX remove the account or mark it as being disputed?

I would check the FCRA to see if there is any mention of this.  I never heard of the National Credit Bureau.

I never heard of the $100 rule.

I would also never dispute accurate information on a CR.

[Anonymous]

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blueyes2121 wrote:

Hello everyone, I once had a financial advisor tell me that collection accounts under 100.00 dollars are not to be, or should not be posted on your credit report. He said its a rule by the National Credit Bureau, is anyone familiar with this?  Experian removed an 85.oo collection account, but Equifax and Trans Union wont removed the account?   Thanks

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There is no $100 rule for collections not reporting.

I've never heard of any organization called the "National Credit Bureau," and neither has Google.

[MidnightVoice]

And I can assure you that an account for $69.00 can be reported for 6.75 years 

[Anonymous]

As well as a CO for $25...

...and a medical bill, paid before it even went to collections, for $18.

[Anonymous]

I bet that $58 collection that I had from AT&T beg to differ.

I took me forever to get that removed. AND it was supposed to be on there, it was there mistake.

[momof2]

midnight--- things stay on your CR for 7-7.5 years, where are you coming up with 6.75yrs?

[MidnightVoice]

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momof2 wrote:

midnight--- things stay on your CR for 7-7.5 years, where are you coming up with 6.75yrs?

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For some unknown reason this collection dropped off a few month early 

I think the CRA was housecleaning its computers of something!!  Scores went up over 50 points

[Anonymous]

Thanks for the response everyone. I guess I shouldn't listen to my ex-gf's friend. I also need to become more educated on my credit. Thanks Again!