Hi   Ok so i had to find an old credit report. The thing is I was not knowledgeable about a lot of things re: credit.  I was paying them on time but i had lost my job so i asked them if they could work with me they said no because at the time my account was in good standing.  Once my account went bad i asked them for help they said ok but the account would have to be closed so i said ok.  Well while on the program i ended up losing my job and missed a payment since i missed a payment the program was null and void and they charged me back interest or something along those lines they said it was part of the terms i agreed to; i couldnt remember but there was nothing i could do.  So i continued paying them but the account was a charge off by that time.  One day i called to make a payment and they told me they dont have the account anymore, so i continue paying but now its to a collection agency.  I continued making monthly payments, i close my bank account lets say in june (last payment); september i noticed it was no longer on my credit report.  Hope i clarified everything,   Ok so credit report (old one i had saved) day of first delinquency says 6/1/2010.  Account closed 11/2011.  This report is from Jan 2017 and it shows last payment was december 2016.   So should i just call this new company and just finish paying the debt? Will that cause it to be put back on my credit report and cause score to drop?   Thank you for all the help. ... View more

The collection agency is enterprise recovery systems.  So even tho the 7 years have passed they can put it back on my credit report? argggg.  i was going to call them but wasnt sure by me calling if it would do any damage.   Thank you ... View more

Actually it was with BOA then another collection agency took it.  It was charged off and this year made the 7 years mark it fell off my credit reports.  Few months after falling off now a new collection agency has it enterprise something.  Currently its not on any of my credit reports.   Thank you ... View more

Also if i start paying this new company will that allow them to put it back on my credit report?     ... View more

The letter states how much i owe and they give me 4 payment options.   Thank you ... View more

I dont recall but i know the date i saw for it to fall off was i believe June.  Last credit pull i did which was last month it was not there.  So if i decide to contact them and admit its my debt and i start paying them monthly like i did before it wont affect my credit? and honestly once it fell off my report it didnt change my score at all.     ... View more

How did you send them the message? did you use the secure message option on the site or which email did you send the request? ... View more

Ok so if i settle its not going to hurt me anymore than it would if i paid it off as this point the account is pretty bad correct? JJ @gdale6 wrote: @QueenJ wrote: Ok I have two accounts in collections i have been paying them little by little.  One of them i have about $400 left the other about $4,000 left but both will fall off my report in 2 months or less.  So if i settle the accounts would it be that big of a hit since they are about to fall off my report? Or should i keep paying them even after they fall off my report.   Thanks Well since you have been paying them I would not just stop as you most likely have restarted the SOL and they could sue to collect. I would approach them with a bulk settlement offer or continue with the agreement you made with them. You can check your states statutes on what resets the SOL.   ... View more

@RobertEG wrote: Whenever a creditor accepts a settlement for less than the full amount of the debt, the debt becomes $0 but the creditor can provide a special comment to the CRA placing of record in your file the fact that the debt was paid for less than its full amount.   That special comment informs others that you have a history of not paying the entire debt that you have obligated. It notifies others that they took a loss in having lended to you, and could be a factor to other creditors in their future lending decisions. It is a manual review issue, and is never a favorable comment.   You can, when offering a settlement, make the offer contingent upon their agreement to to report that special comment of paid/settled for less to the CRA. Absent that special comment, your credit report will appear the same as if you had paid the debt in full. Ok thank you.  Im about to write my letter.  thank you so much. ... View more

@RobertEG wrote: If you stop paying, you face the possibility that they will bring civil action seeking a judgment. In most states, having made a payment towards a delinquent debt resets the statute of limitations, and thus it is likely that it is now within SOL.   Have you contacted the creditor and discussed a good-will deletion once paid? No, but i'll look into that now.  I was a little confused about the whole process but you have helped me. Thank you!!  Should i request a settlement amount or pay in full? i have another one which is much higher i think like 4k but ive been paying little by little on that one as well.   JJ ... View more

@RobertEG wrote: The CRA is required to exclude any reference to the charge-off once the credit report exclusion period has expired. If paid, the account is then not adverse, and remains, absent any reference to the charge-off.   CRA policy is a bit murky for unpaid debts showing a charge-off. They will usually exclude the entire account under the determination that it still contains adverse information as opposed to simply excluding the CO. FCRA 605(a)(5) mandates exclusion of "any other adverse item of information" not specifically itemized in subsections (a)(1-4).  Thus, the CRA policy is to remove the entire account if exclusion of the CO alone will not remove all adverse information.   Sorry im still a little confused so since its about to fall off my report what is the best thing to do pay off in full, try to get a PFD or what happens if i just stop paying it all together?   Thank you ... View more

@RobertEG wrote: What is the reported date of first delinquency (DOFD) ? The relevance is that it will become excluded from your credit report no later than 7 years plus 180 days from the reported DOFD (and the CRA will normally exclude at approx 7 years from DOFD).   Need for any agreement as to deletion by the creditor becomes essentially moot once it has become excluded based on expiration of its credit report exclusion period. So what happens at the 7 year mark if im still paying on it? ... View more

It says 12/1/11 first deliquency and then it says first reported on 9/1/12 and the report says will remain on report until 11/2018. ... View more

I have a question i have a charge off who BOA no longer owns but i still owe on it, and im paying it little by littel; what is the best course of action for me? ... View more

Oh ok. That makes sense.  What about tax purposes? I seem to recall if its over $600 they have to report to IRS and that may affect me?     JJ ... View more

So settling the account wont affect my credit? I seem to recall reading somewhere its better to just pay the account off versus settling and also something about when you file taxes?   Thank you JJ ... View more

Ok thank you.   J ... View more

What about Discover should i call their recon number? today or wait until tomorrow?   J ... View more

I only know my equifax 721. I have some paid collections from years ago. no bankruptcies. Homeowner. Mostly have store cards, most at o, a few i have couple hundred dollars i owe on them.  The card i was approved for gave me instant approval at 15K my highest all my cards are under 3k limit.   J ... View more

Sorry new at this.  Discover denied. Chase preferred is pending. Let me know what additional info is needed. ... View more

One of them i believe has been sent to a collection agency, the other one if it has been sent it has been since i began my payment plan. Can they report it as a charge off even if i have entered a payment plan with them and paying them on time? ... View more

How do i find an email or someone specific to write?   Thank you ... View more