Help! Dispute gone wrong...I think

[Anonymous]

Hi, I'm new the forums so please be kind.  I had an account reporting Charged off since 2006, I paid this account in full even though it was late. I have a letter from the Original Creditor (never made it out of inhouse collections) saying that this account was paid in full and resolved in 2006. Equifax came back with a report status of -Current Status - Charge Off; Type of Account - Installment; Type of Loan - Unsecured; Whose Account - Individual Account; ADDITIONAL INFORMATION - Account Paid For Less
Than Full Balance; Paid Charge Off; Unsecured;
I'm not sure what to do at this point? should I dispute or leave a statement.....

I'm trying to elevate my score, should I have a credit card in good standing report earlier than normal? I've been making purchases and paying down the balance so its only 10% or less than my credit line.

Thanks-

[Anonymous]

Looks like accurate reporting if you didn't pay what was fully owed on the loan.

You can gw the OC at this point ... or you can offer to pay the remaining amount to 100% paid in exchange for deletion.

Niether one is a guarantee but atleast in offering the remainder of the original balance you have some sort of carrot to dangle.

Who is the creditor though? Atleast disolving that information can get others to more appropriately assess your situation based off their own experiences.  Crucial piece of information there cuz not all creditors are built alike.  Some may even walk away from recouping the full amount just to leave ya branded.  You got some real sticklers out there.

[Anonymous]

OP, since you paid in full and it is currently reporting incorrectly, I would write to or call the OC.  I think writing would be more effective.  You could point out that, according to the FCRA, information on your reports must be ACCURATE, and they have been reporting INACCURATE information on you for four years.  If you want to be a little bit more aggressive, you could then mention that because of this, you would like to request that they delete the chargeoff / collection altogether because while the information must be accurate, it is not a requirement that it be reported.  i.e., "You've been doing damage to me for this amount of time with inaccurate information.  Since this is the case, I'd appreciate it if you would consider rescinding that information and not reporting" or however you want to phrase it. 

[Anonymous]

Srry i must of missed the part where you said you paid in full ... then yeah you can go the dispute route.  Just make sure the letter you recieved has a letterhead and a signature on it.  State your case saying the acct wasn't settled therefore there is an inaccuracy. 

Otherwise you might want to rely on the last invoice you got and proof of payment (i.e checking account data).

[Anonymous]

Thank you so much for the info!!! I will take your advice!!

[Anonymous]

Thank you for responding!!