Making Progress!

[Anonymous]

Finally seeing some payoff to working on my credit reports!

• 1 Paid collection from Scana will be deleted with much thanks to the GW letter examples in the next 30 days. (Yay!)
• 1 rehabbed school loan late payments contested with EQ (they reported rehab timeframe as late/missing payments, and the only CRA to do so), with any luck that will be fixed or deleted in 30 days. 

Only two yuck things left; a paid state tax lien that unfortunately isn't going anywhere until 2019 (thanks a bunch GA, ya lazy bums) and the ever stubborn Portfolio Associates from an Avenue card that DoFD in 2011. I'm trying for a PFD but if it comes down to it, I'll have to pay and let it sit as a paid collection since I'd prefer not to be sued. Would the paid collection hurt more than the unpaid? It's due to drop off in 2016 (according to GA debt law it runs a 6 year period [written contract] from the last payment which was in 2010).

By the end of the week my credit utilization will report at a whopping >2%. 

Its progress, and I'll take it!

(Advice welcome!)

[gdale6]

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@Anonymous wrote:

Finally seeing some payoff to working on my credit reports!

• 1 Paid collection from Scana will be deleted with much thanks to the GW letter examples in the next 30 days. (Yay!)
• 1 rehabbed school loan late payments contested with EQ (they reported rehab timeframe as late/missing payments, and the only CRA to do so), with any luck that will be fixed or deleted in 30 days. 

Only two yuck things left; a paid state tax lien that unfortunately isn't going anywhere until 2019 (thanks a bunch GA, ya lazy bums) and the ever stubborn Portfolio Associates from an Avenue card that DoFD in 2011. I'm trying for a PFD but if it comes down to it, I'll have to pay and let it sit as a paid collection since I'd prefer not to be sued. Would the paid collection hurt more than the unpaid? It's due to drop off in 2016 (according to GA debt law it runs a 6 year period [written contract] from the last payment which was in 2010).

By the end of the week my credit utilization will report at a whopping >2%. 

Its progress, and I'll take it!

(Advice welcome!)

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If PRA is updating monthly, settle it to stop the updating, if its not I would try to avoid poking them till SOL passes you dont want it to update until you can get if off your report. The state SOL doesnt govern how long the item will remain on your CRs that is set by the federal FCRA and its up to 7.5 years from the DoFD. Grats to your success in getting GW on both of your 2 accounts

[Anonymous]

Yep, they've been updating monthly and its reporting on some as collection, some as open revolving account. They insist it's the CRAs issue, the CRAs insist that is how it's reported to them. At this point, I give up. I emailed about a PFD for Portfolio but not surprisingly they are still mum. I'll be sending off the formal one, registered mail tomorrow.

Past that, I guess I've got no choice but to pay them. You'd think once they get their money, they wouldn't care about the credit reporting. I guess it's one last needle to the folks trying to do better.

[Anonymous]

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@Anonymous wrote:
Yep, they've been updating monthly and its reporting on some as collection, some as open revolving account. They insist it's the CRAs issue, the CRAs insist that is how it's reported to them. At this point, I give up. I emailed about a PFD for Portfolio but not surprisingly they are still mum. I'll be sending off the formal one, registered mail tomorrow.

Past that, I guess I've got no choice but to pay them. You'd think once they get their money, they wouldn't care about the credit reporting. I guess it's one last needle to the folks trying to do better.

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Theres a couple of factors involved, actually. For one, they have to pay the CRA's to delete items. Thats why sometimes you get the 'well we can't really do that but...If you dispute it later we won't verify it' sort of reply from some CA's. Then there is the fact that the CRA's quite literally 'feed them' information when debtors start cleaning up and becoming 'more collectible' - there is a very real fear of being cut off from that should a policy of PFD become too obvious. And the CRA's themselves have a policy of 'No PFDs', in order to 'keep the system accurate'.

[Anonymous]

I'm guessing Portfolio Recovery Associates is one of those afraid to be cut off agencies. They didn't start reporting monthly until I contested inaccuracies in payments being made in 2013 and differing DoFD on the three CRAs while I was working on getting my mortgage last year.

Now I keep reading horror stories of people paying PRA months prior and still having it still report as delinquent or open. I realize there's avenues we can pursue, but ultimately they hold all the power in that relationship.

[gdale6]

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@Anonymous wrote:
I'm guessing Portfolio Recovery Associates is one of those afraid to be cut off agencies. They didn't start reporting monthly until I contested inaccuracies in payments being made in 2013 and differing DoFD on the three CRAs while I was working on getting my mortgage last year.

Now I keep reading horror stories of people paying PRA months prior and still having it still report as delinquent or open. I realize there's avenues we can pursue, but ultimately they hold all the power in that relationship.

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I never had to deal with PRA while my COs were reportable, it gave me great pleasure to send them a FOAD letter when they bought and tried to collect on a 10 year old COed account...

[Anonymous]

FOAD letter?

[Anonymous]

Never heard of FOAD letter before but I am going to guess it's F**k off and die. Lol

[Anonymous]

Hahaha! Love it!

I'd love to send portfolio a FOAD letter, but they're such asshats they'd find a way to ding my credit even more. They're my only real nuisance other than EQ just being a slacker about accuracy in reporting.

[gdale6]

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@Anonymous wrote:
Hahaha! Love it!

I'd love to send portfolio a FOAD letter, but they're such asshats they'd find a way to ding my credit even more. They're my only real nuisance other than EQ just being a slacker about accuracy in reporting.

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Such a letter would not be used unless the TL is past CRTP & states SOL...