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HomeCredit ForumCredit repair

Unique National Collection is listed in my CR. What to do?

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Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 530



13560 Magic Points
 
 Posted on Thu Oct 02, 2008 9:39 am  
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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Justin
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3236



1048 Magic Points
 
 Posted on Thu Oct 02, 2008 10:52 pm  
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?
 
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 530



13560 Magic Points
 
 Posted on Fri Oct 03, 2008 7:40 am  
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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Justin
 
anthony

anthony

Joined: 31 Jul 2006
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Posts: 531



13246 Magic Points
 
 Posted on Fri Oct 03, 2008 7:53 am  
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.
You can also visit my blog
http://financewatchonline.blogspot.com
 
Brazil
Guest
Subject: Paying account
 
 Posted on Mon Oct 06, 2008 5:29 pm  
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.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3236



1048 Magic Points
 
 Posted on Tue Oct 07, 2008 2:03 pm  
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.
 
ChrisK
Guest
Subject: UNC Input
 
 Posted on Wed Dec 24, 2008 3:39 pm  
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.
 
BG
Guest
Subject: Library fine
 
 Posted on Tue Dec 30, 2008 9:10 pm  
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.
 
Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 420



10865 Magic Points
 
 Posted on Wed Dec 31, 2008 12:13 pm  
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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