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Unexpected Collection Removed???

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Valued Member

Unexpected Collection Removed???

The last of my collection accounts was just removed from the last CRA that had it on there. We are in the middle of buying a home and this came as a shock as it wasn’t supposed to drop off until next October. Question is should I be worried that it will pop back up or is it once it’s gone it’s gone for good?
Message 1 of 10
9 REPLIES 9
Community Leader
Mega Contributor

Re: Unexpected Collection Removed???


@bearclaw84 wrote:
The last of my collection accounts was just removed from the last CRA that had it on there. We are in the middle of buying a home and this came as a shock as it wasn’t supposed to drop off until next October. Question is should I be worried that it will pop back up or is it once it’s gone it’s gone for good?

October 2019 or October 2020? 

 

If latter, it may pop up again  depending on the reason why the reporting disappeared in a first place.  

Message 2 of 10
Valued Member

Re: Unexpected Collection Removed???

October 2020, it was only On EQ the other two had removed years ago then while checking scores today it was removed from EQ also. Wasn’t expecting it to be removed until next year
Message 3 of 10
Legendary Contributor

Re: Unexpected Collection Removed???

There are two separate and unrelated reasons why a derog can be removed from your credit report.

 

First, the party who reported it (furnisher) can, at any time, report a deletion to the CRA.

That deletes the derog or collection totally from your credit file.

If a debt collector has reported deletion of their collection, it may or may not be reinsertable depending upon why they reported deletion.

For example, if a debt collector has their collection authority terminated by the creditor with the debt remaining unpaid, they are instructed under CRA policy to promptly delete their collection.  In that event, it would not be reinserted by that debt collector, but if the creditor then reassigns to a new debt collector, then that new collector can report their collection to the CRAs.

 

Second, the removal might have occured due to exclusion of the collection by the CRA.  A CRA is required to exclude a collection no later than 7 years plus 180 days from the DOFD, and normally exclude at approx 7 years.

CRA exclusion removes the collection from normal credit reports, but does not delete the collection from your credit file.

The debt collector is not involved in credit report exclusion;  it is done solely by the CRAs based on their monitoring of the period since DOFD.

If excluded by a CRA, it cannot, by statute, be reinserted in a normal credit report after running of the full exclusion period.

Message 4 of 10
Valued Member

Re: Unexpected Collection Removed???

Alright thanks for the thorough explanation! I’m assuming there’s no way for me to know or find out which of those two possibilities caused this removal?
Message 5 of 10
Legendary Contributor

Re: Unexpected Collection Removed???

You can always call one or the other and ask if they deleted or excluded.

Message 6 of 10
Community Leader
Mega Contributor

Re: Unexpected Collection Removed???

If it's not  scheduled to "fall" off till 2020, it's a little early for CRAs do be doing housecleaning, so it sounds like it's the worse of the two options

 

Maybe you could contact the OC and find out who currently has the authority to collect on this debt and satisfy it before it reports again 

Message 7 of 10
Valued Member

Re: Unexpected Collection Removed???

If it makes any difference it was NCC Business Services that was listed on my report. I’ve seen chatter on the forum that might be something to do with it? Can’t report to CRA’s anymore? I’ll call today to be sure though
Message 8 of 10
New Visitor

Re: Unexpected Collection Removed???

The same thing happened to me. Did you get any follow up?

Message 9 of 10
Super Contributor

Re: Unexpected Collection Removed???

There isnt much info on PFD's or dropping of a entry on a report from this CA. Before you ask a question from an old thread. Click on the posters name and look at their profile. It will show the last time they were on the site. In this case it was July and havent been back since. So who knows when they will be back or what the outcome was. Welcome to the fourms.





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC at 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game. Pay it Forward!
Message 10 of 10
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