EX - A weird baddie

[homerunstacy]

TU and EQ are ok and reporting this as paid. I think I PIF'ed in 08 and they didn't go for the GW letter at the time to remove it. EX is reporting this collection with a status code of D-Unpaid but the balance is listed as zero? Even more odd is that it still has the comment from 2 years ago reinvestigation in progress. Got my free report online. Tried to dispute it via there site online but it won't let me because of reinvestigation.  Is this worth the fight? Should I call EX and ask them to update the status and comments.  How much of an impact does this have on my score?  It is my only collection account.  Right now the real reason my score is so low is due to high utilization and from starting on a trial loan modifcation that is reporting a 60 day late mortgae pay. Both of those should be ok in a few months.  Hopefully can remove he late pay status too once my trial goes perm. 

Any idea to tell when this will age off? Could I risk re-aging if I make a stink about it?

AMERICAN COLLECTIONS ENTER  

  Agency Address: 205 S Whiting St Ste 500
Alexandria,VA 22304-3632
(703) 719-9403  Date Reported: 04/2008   Date Assigned: 09/2005   Creditor Classification: Medical/Health Care   Creditor Name: UNIVERSITY IMAGING CENTER   Account Number:    Account Owner: Individual Account.   Original Amount Owned: $115   Date of 1 st Delinquency: 05/2005   Balance Date: 04/2008   Balance Owned: $0   Last Payment Date : 03/03/2008   Status Date: 04/2008   Status: D - Unpaid   Comments: Consumer disputes - reinvestigation in progressThis item is currently under investigation. You should receive the results of our investigation soon. 

[MarineVietVet]

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@homerunstacy wrote:

TU and EQ are ok and reporting this as paid. I think I PIF'ed in 08 and they didn't go for the GW letter at the time to remove it. EX is reporting this collection with a status code of D-Unpaid but the balance is listed as zero? Even more odd is that it still has the comment from 2 years ago reinvestigation in progress. Got my free report online. Tried to dispute it via there site online but it won't let me because of reinvestigation.  Is this worth the fight? Should I call EX and ask them to update the status and comments.  How much of an impact does this have on my score?  It is my only collection account.  Right now the real reason my score is so low is due to high utilization and from starting on a trial loan modifcation that is reporting a 60 day late mortgae pay. Both of those should be ok in a few months.  Hopefully can remove he late pay status too once my trial goes perm. 

Any idea to tell when this will age off? Could I risk re-aging if I make a stink about it?

AMERICAN COLLECTIONS ENTER  

  Agency Address: 205 S Whiting St Ste 500
Alexandria,VA 22304-3632
(703) 719-9403  Date Reported: 04/2008   Date Assigned: 09/2005   Creditor Classification: Medical/Health Care   Creditor Name: UNIVERSITY IMAGING CENTER   Account Number:    Account Owner: Individual Account.   Original Amount Owned: $115   Date of 1 st Delinquency: 05/2005   Balance Date: 04/2008   Balance Owned: $0   Last Payment Date : 03/03/2008   Status Date: 04/2008   Status: D - Unpaid   Comments: Consumer disputes - reinvestigation in progressThis item is currently under investigation. You should receive the results of our investigation soon. 

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The DOFD (Date of First Delinquency) was 5/2005. It should be gone in 11/2012.

Here is how and when derogs drop from you CR, and are thus no longer included in FICO scoring.

Monthly delinquencies under an OC account drop at 7 years from their individual date of delinquency. FCRA 605(a)(5). The date of first delinquency (DOFD) has nothing to do with these drop-off dates. They drop from their own individual dates. So look at each prior OC reported monthly derog date, and simply add 7 years.

If the OC subsequently reports their account as a charge off, that is a totally different and additional post to your CR. Their post as a charge-off will remain in your CR for 7 1/2 years from the DOFD on the OC account, which is the first 30-day delinquency you had on the account, and disregards any later 60/90+ delinquencies that followed. That is one single date-certain, and cannot be reset. FCRA 605(c).

If the OC then refers the account for collection, and a CA posts to your CR, the drop-off date of their collection reporting is the same as that of a CO. It is 7 1/2 years from the same DOFD on the OC account, and the CA cannot reset this date. Again, FCRA 605(c).

[homerunstacy]

Thanks for the info.  I think I will just leave it alone then and let it age of 2012

[Jazzzy]

If you are not planning on getting a mortgage before it drops off, you can choose to ignore it.

If you want a mortgage, however, most underwriters will make you get rid of any disputes on your credit reports.

[Anonymous]

>>> It is 7 1/2 years from the same DOFD on the OC account, and the CA cannot reset this date. Again, FCRA 605(c).

This is how some collectors try to break the law.   Instead of reporting the account as a real collection, what they do is open a new tradeline and report it as an open credit account, usually as an installment agreement with a term of 1 month, or a generic type of "Open" revolving account.

That gives them the ability to set their own DOFD on the account.

This is improper reporting and an FCRA violation.    Most of the time the company doing this is a junk debt collector, not the OC or the OC's inside collection agency.   If the debt was sold off and it is being reported this way, you have a clear-cut FCRA violation and should work to get the thing reporting properly with the correct DOFD.

[llecs]

Ugggh! I'm dealing with them too for DW. Pains in the butt! Keep us posted!

[homerunstacy]

I am still working on this one. Disputed via CRA. Called them directly.  I keep getting alerts from them that investigation is still in process.  They should be done in March. I'll update once I have the results.