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Should I dispute it ???

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Regular Contributor

Should I dispute it ???

I'm recently pay off 4 collection account with portfolio recovery , transunion and experian already delete it 3 days ago , only Equifax not delete yet ? I been having hard time with Equifax last few week about dispute , they drove me nut , I don't want to deal with them again, should I wait few more day or just dispute with Equifax again ? I know I should be patient , but I'm really scare of Equifax right now , seem like they love to mess with people... thanks for all the advice guys.
Message 1 of 10
9 REPLIES 9
Contributor

Re: Should I dispute it ???

You shouldn't have to dispute it.

If you paid Portfolio Recovery, they have a policy in place to delete paid/settled tradelines. It might take a reporting cycle or two, but they should come off by itself.

How much time has passed since these collections were paid? You might just need to be a bit more patient.

8/1/2018 FICO Scores:

7/12/2019 FICO Scores:
Message 2 of 10
Established Contributor

Re: Should I dispute it ???

Equifax is The Upside Down (reference to the TV show Stranger Things, for anyone unfamiliar). OK, not that bad, but it's usually the weird one, it seems.

 

I am not familiar with Portfolio Recovery, but normally if you pay a collection, it stays on your report, it just shows a balance of zero and it doesn't keep dinging you anew each month.

 

Did you dispute it on the other reports? Or, did you ask them for a goodwill deletion? If neither, I'm more confused by it falling off the other two reports than staying on Equifax.


FICO 8 scores are deceptively high. My profile is young with a lot of new accounts and even more inquiries from 2019. The Barclay AU card is not on TransUnion; and, Equifax has some old positive accounts from 2011 that are not on the other two. That is the reason for the variation in scores. No derogs. Over 5/24 until fall 2021.
Cards

Authorized user / Corporate / Auto loan

Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 045/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.

Goals: Late 2020 - Ducks Unlimited card; scores in high 700s with inquiries aging. Long-term goal - Prime rate mortgage; able to qualify for most standard credit products.
Message 3 of 10
Regular Contributor

Re: Should I dispute it ???

Debtjoe thanks for reply , I pay it 5 weeks ago , transunion and experian already delete it 3 days ago , only Equifax not delete yet , I don't know why , seem like I'm always having problems with Equifax , they are very hard to deal with lol , because my collection still with Equifax , it make me nervous hihihi , I'll wait another week before I dispute again.
Message 4 of 10
Regular Contributor

Re: Should I dispute it ???

KjinNc it is the new policy for this collection agency , no matter you paid in full or settlement and doesn't matter how old the trade line , they will delete it within 30 day after the payment clear , that why the other 2 bureau already delete it , only Equifax still show collection , if it transunion or experian I'm not even worry a bit , but it Equifax that why I'm panick lol.... because I already have bad experience with this bureau .
Message 5 of 10
Established Contributor

Re: Should I dispute it ???

I think that CO may get in trouble with the credit bureaus, but, lucky you for that being the CO involved! I'd go ahead and dispute with Equifax. They will ask the CO for documentation and the CO will not give it. Equifax will then remove it. At least ... that's what is supposed to happen. It might fall off with no action, but, I don't see how disputing it will slow that down or make it less likely.


FICO 8 scores are deceptively high. My profile is young with a lot of new accounts and even more inquiries from 2019. The Barclay AU card is not on TransUnion; and, Equifax has some old positive accounts from 2011 that are not on the other two. That is the reason for the variation in scores. No derogs. Over 5/24 until fall 2021.
Cards

Authorized user / Corporate / Auto loan

Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 045/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.

Goals: Late 2020 - Ducks Unlimited card; scores in high 700s with inquiries aging. Long-term goal - Prime rate mortgage; able to qualify for most standard credit products.
Message 6 of 10
Contributor

Re: Should I dispute it ???


@cuti wrote:
Debtjoe thanks for reply , I pay it 5 weeks ago , transunion and experian already delete it 3 days ago , only Equifax not delete yet , I don't know why , seem like I'm always having problems with Equifax , they are very hard to deal with lol , because my collection still with Equifax , it make me nervous hihihi , I'll wait another week before I dispute again.


Just as some further reference, I recently paid off a collection with Midland who has a similar policy as Portfolio Recovery. Equifax was the last bureau delete the tradeline

8/1/2018 FICO Scores:

7/12/2019 FICO Scores:
Message 7 of 10
Established Contributor

Re: Should I dispute it ???

I would wait because I dealt with portfolio and they stick to their word and they deleted from all three bureaus no disputes necessary and equifax was the last to show it.





Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


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Message 8 of 10
Community Leader
Senior Contributor

Re: Should I dispute it ???

Just let it ride, it’ll come off. EQ can’t tell a CA “no” when they instruct them to delete. EQ pretty much sucks but they will come off.


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
(Lol so much for that grand plan...)
Message 9 of 10
Legendary Contributor

Re: Should I dispute it ???

No, I would not recommend that you dispute.

 

Paying a collection requires that the debt collector update the balance to $0.

There is no inaccuracy based on lack of an agreed deletion of the collection, and thus no basis for dispute.

 

To the contrary, the common credit reporting manual used by the big-4 CRAs clearly states the uniform CRA policy that debt collectors not delete their collection based on payment of the debt.  The CRAs wish to preserve complete credit files, and consider deletion based on payment of the debt to be contrary to the interest of presenting complete credit histories.

 

A dispute informs the CRA that the debt collector is acting contrary to their credit reporting agreement with the CRA and is reqesting the CRA to investigate the accuracy of accurate reporting and to delete contrary to the own published policy.

 

Lean on the debt collector to comply with their contract agreement with you to delete.

Message 10 of 10
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