Getting hit with same derogatory each month.

[cp79]

Can any one tell me if this is okay to do. I have this one CA that hits my credit stating the same deragortory every months is this going to cause my credit to drop each time they list the same infor? I just sent out a letter asking for verification since on my report it doesn't state who's the original creditor.

[nothingman02]

Unfortunately the CAs wil keep doing that. Often even after it is paid in full they will keep updating every month and the derog will appear to FICO as a recent derog item. Only way to get around it is to obtain  a PFD or GW.

You could send out a DV to the CA. Normally, you are supposed to send out a DV within 30 days of having received the dunning letter. But if you have never received the dunning letter, you could allege that the firs t communication with the CA was when you were reviewing your credit reports. 

Send out the DV CMRRR and after 30 days, if there is no response, send out a Dispute to the CRA. If the CA verifies to the CRA, then they are in violation of continuing collection without validating your debt.

[Anonymous]

Once it is paid in full that date should not change and it should have no impact on your score.  It would only impact your score if you paid a 2 year old debt that updated to the current reporting month.

I paid a collection in full in May 05.  The CA reports each month but the date it was paid does not change, and it does not affect my score. 

[nothingman02]

The date paid does not change yep. But whether the CA A/C is PIF or not , the CA could update the a/c every month thus making it look like a recent baddie to FICO. I am referring to  - "date reported" aspect of the listing. Are we saying the same thing?

[Anonymous]

Even if the CA reports each month it should not impact your score.  I have several paid collections and the CA updates monthly.  There is no change in my score.  I also have several unpaid collections that are reported each month.  Nothing has made my score change by their reporting. 

Now if I paid one of the old collections, that would have an impact on my score.

I am not sure why a CA should report each month after a collection is paid.  Once it is paid it is paid and I see no reason for them to continue reporting.