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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1298
28935 Magic Points
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Thu Oct 02, 2008 9:39 am
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Hi Taina
"Paid off" listing does not improve your credit score. Although "Paid off" listing remains as a negative listing on your credit report, it prevents you from being sued to the court, because you have paid off the debt. To get a positive impact on your credit score after you pay off the debt, you should either go for pay for deletion agreement with the creditor in writing or you should ask the creditor to change the status of the listing from "paid off" to "paid as agreed".
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All the Best 
Justin |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Thu Oct 02, 2008 10:52 pm
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| Justin, I was wondering how paid for delete would even help a person if the original creditor still lists the debt. Just say the original debt was bought by a junk collector and you paid it. Why even ask for the PFD? It may clear a line from your credit report but sicne the OC would still list the debt it really doesn't do any good does it? |
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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1298
28935 Magic Points
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Fri Oct 03, 2008 7:40 am
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If you make a pay for deletion agreement with the collection agency, then the name of the collection agency will be removed from your report once you pay off the debt in full. However, it does not necessarily mean that the name of the original creditor will be removed from the credit report. The OC listing will stay in your report only if you can make a pay for deletion agreement with the OC.
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All the Best
Justin |
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anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
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Fri Oct 03, 2008 7:53 am
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Yes, Justin is correct. The original creditor listing will stay in your credit report even if you make a PFD agreement with the CA. However, only if you can make the original creditor agree to recall the account to themselves from the CA and make them agree to pay for deletion, then only the OC listing will be removed from your report. However, it can be done only if the OC have given the CA the right to collect the debt and has not sold off the debt to the CA.
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Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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Brazil
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Subject: Paying account
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Mon Oct 06, 2008 5:29 pm
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| Past due accounts with Unique Natl Collection agency can be paid off by sending payment to the above listed address or by going directly to the original creditor. |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Tue Oct 07, 2008 2:03 pm
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| Do you work with the company? And if the debt was sold I do not believe there is a chance in working with the original creditor. Usually once a company sells a bad debt they no longer want anything to do with it...especially if it is the original creditor because they have probaly already used it ( the bad debt) as a tax write-off. |
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ChrisK
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Subject: UNC Input
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Wed Dec 24, 2008 3:39 pm
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Definitely have to agree - I found this site via Google, and called UNC using the phone number here. They were very helpful and considerate when I called - as far as collections agencies go, they are the good guys. I wish other agencies could aspire to their level of professionalism and courtesy.
I have nothing to do with this company, btw. I owe them $67. Them marking this on my credit report is a pain, but working with the company has not been thus far. |
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BG
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Subject: Library fine
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Tue Dec 30, 2008 9:10 pm
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| After the fine is paid in full, it is suppose to stay on your credit for one year only. That is the agreement between the Credit Bureau and Unique Nation Collections. |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17417 Magic Points
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Wed Dec 31, 2008 12:13 pm
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Any negative listing stays in your credit report for seven years from the date of the first missed payment. Even if you pay off the debt in full, it would stay in the credit report for seven years. The negative listing will go out of your report only if you come to a pay for deletion agreement with the original creditor before you make the payment.
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Where there's a will, there's a way !! |
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pineappleheart
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Subject: My Experience with Unique
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Thu Jan 22, 2009 3:57 pm
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Everyone had such helpful comments and advice, so I wanted to share my experience, in hopes that it might help someone in the future. I received a Debt Collection Notice from Unique National Collections dated January 14th, 2008 for some overdue library books I COMPLETELY forgot that I still had. The bill was for $244. Needless to say, I was horrified. I received the notice on January 20th, and brought the books back to New York Public Library on the 21st (cash in hand -- didn't want to have to wait for a check to clear). Because I returned every item, my fine was reduced to $94 (still highway robbery, if you ask me, but much better than the original fine).
Today is the 22nd, and I just got off the phone with Becky at UNS (812-285-0886 -- thank you to the person who posted that number!), and she explained that the debt is not reported to credit agencies until 120 days from the date the collection request is issued, so my fine would not be reported, and would not affect my credit score. She said the payment should transfer to UNS within 3 working days, and that she could send me a letter from UNS comfirming that the fine had been paid in full. I will feel better once I have that actual letter in my hands (and I will be keeping it for a long time, should this ever come back to haunt me). |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Fri Jan 23, 2009 12:01 am
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| I remember reading your original post. I am so glad this worked out well for you. We all over look things in todays busy world. It may have seemed like a high price to pay but it was better than waiting 7.5 years for it to fall off your credit report. Worked out fine. |
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Amanda
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Subject: Unique National Collection
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Mon Feb 23, 2009 7:06 pm
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| I had Unique National Collection on my credit report from a library fine...I paid off the fine through the library. Unique National Collection has acknowledged that it's paid off, but refuses to delete my information or remove it from my credit report. |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Tue Feb 24, 2009 10:43 am
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If you have delayed the fine for a period of six months, it is considered as delinquent and is reported to the credit bureaus. As per the Fair Credit reporting Act, any delinquent account will stay in your report for seven years from the date of your last missed payment, even if you pay it off in full.
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SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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garnes, joshua
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Subject: 34 dollar bill
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Sat Mar 14, 2009 9:54 pm
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I wouild like to take care of this bill please give me more infomation to
who I owe. |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1362
Location: Los Angeles, California
29592 Magic Points
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Mon Mar 16, 2009 8:25 am
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To know the names of the creditors to whom you owe the debt, you should pull out your credit report and check it there. The names of the creditors will appear in your credit report against the outstanding debt. You can contact the creditor and pay it off.
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Keep in touch
Carol |
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