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CA validated debt after CRA deleted it from my credit report

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Byron
Guest
Subject: CA validated debt after CRA deleted it from my credit report
 
 Posted on Fri Jun 27, 2008 5:11 am  
I found out recently that I had a Verizon collection account from 2006 on my credit report. I worked overseas during that time. So, I sent a DV letter to the CA back in March 2008. They didn't respond within 30 days, so I disputed with CRA and they removed it.
Now, today I got a letter from CA validating the debt. Well, or so they say. It is a copy of the Verizon bill dated 2004 (not 2006).
Now I think that it may be mine. Can they report it back to CRA with the correct date 2004? Should I pay it? If yes-whom- CA or OC?
 
cbass1017



Joined: 01 Feb 2008
cbass1017's page
Posts: 89
Location: PA


353 Magic Points
 
 Posted on Fri Jun 27, 2008 9:51 am  
Hi Byron, welcome to the forum!

If you think it might be yours and you have to no kind of proof to disclaim it, then I would say pay it off if possible. If OC stands for original creditor than thats the way to go! If you pay it off directly from the source than more than likely it will be updated on your credit reports much faster. Some collection agencies are very slow to update your information. Make sure you get a reciept or some kind of confirmation just incase you end up having to dispute it through the credit bureaus.

Best of Luck
_________________
Scott McKay
DiYCreditGuide.com
 
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 180



4868 Magic Points
 
 Posted on Fri Jun 27, 2008 11:00 am  
hi Byron
You first get a credit report and check whether Verizon has already updated it or not. If they have not yet updated it you should immediately repay the debt before it gets updated in your credit report. Now if it gets updated, try to come to a pay for deletion agreement with the CA. Since the debt has already been sold to the collection agency, you need to repay the loan back to the CA.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 411



10724 Magic Points
 
 Posted on Fri Jun 27, 2008 11:04 am  
Yes, the collection agency can always report it back to the CRAs. So as Scott pointed out, it is better that you get a credit report to find out the status in your report. If it has not yet been updated, pay back the debt to the CA. Because if it gets updated in your credit report, it will stay there for seven years and lower your credit score.
_________________
Best Wishes
Justin
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Fri Jun 27, 2008 2:09 pm  
true, you hit the nail on the head
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 378



4034 Magic Points
 
 Posted on Sat Jun 28, 2008 2:54 am  
Since you already had the listing removed you should try and get the CA to agree to a PFD agreement with payment
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goodnatured



Joined: 03 Nov 2007
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Posts: 3133



5260 Magic Points
 
 Posted on Tue Jul 01, 2008 1:27 am  
Is it possible to get them to remove it after the fact? I have three that I paid off and would like to see them removed from my report, do you think that writing them would do any good at all?
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 180



4868 Magic Points
 
 Posted on Tue Jul 01, 2008 11:19 am  
Hi goodnatured

Since you have already paid off your debt, it is very difficult to remove the listing from your credit report. It would have been possible if before you paid off the debt, you have asked your CA for PFD agreement. However, you can always request your CA to delete the listing as you have already paid off the debt. Atleast you can try it out.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
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