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old debt reported on credit report

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Susan
Guest
Subject: old debt reported on credit report
 
 Posted on Fri Dec 28, 2007 10:20 pm  
Is there anyway to get an old long distance company debt removed from my credit report without having to wait 7 years if it is after the statue of limitations?
 
Laura

Laura

Joined: 21 Jun 2007
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Posts: 1407



34540 Magic Points
 
 Posted on Sat Dec 29, 2007 6:22 am  
If there are no collection attempts you can go ahead and dispute it with the CRA. However there remains a chance of further investigation from the bureau which might renew the collection attempt of the debt. This is just a probability because the debt has not been paid. Others can throw more light on this subject.
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Regards,
Laura.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3138



5338 Magic Points
 
 Posted on Sat Dec 29, 2007 1:14 pm  
If it is the only thing on there, you may want to leave sleeping dogs lie, as Laura said, you may start collection procedures again if you do anything like contacting the credit reporting agency. Some how they have ticklers on cra's that let them know that your are feeling around there and will start contacting you again. Collection agencies are known for this.
_________________
Goodnatured,

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



Joined: 09 Nov 2007
SunDevilsFan's page
Posts: 192
Location: Sunny Arizona


6672 Magic Points
 
 Posted on Mon Dec 31, 2007 12:58 am  
Good question!!!

My take on it is like goodnatured's....kick a sleeping pitbull you will find yourself with a wide awake anger pitbull....
 
Morningstar

Morningstar

Joined: 17 Apr 2007
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Posts: 609



40 Magic Points
 
 Posted on Mon Dec 31, 2007 3:18 am  
I would dispute it. If the debt is beyond the SOL, and the mark is not removed, you can always exercise your right to send a cease and desist letter--in the event collection attempts are renewed.
_________________
I don't dream since I quit sleeping
 
SunDevilsFan



Joined: 09 Nov 2007
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Posts: 192
Location: Sunny Arizona


6672 Magic Points
 
 Posted on Mon Dec 31, 2007 4:07 am  
oooops.....

I miss read... I think? Is it past SOL for where you live?
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 493



12319 Magic Points
 
 Posted on Mon Dec 31, 2007 5:34 am  
Go for a dispute Susan. I agree to what morningstar said. Cease & Desist letter will help if any collection attempts are made.
_________________
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
 
Shawpiro

Shawpiro

Joined: 31 Dec 2007
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Posts: 54
Location: Austin Tx


2510 Magic Points
 
 Posted on Tue Jan 01, 2008 11:54 am  
Folks forget the collection agencies. They have nothing to do with your credit score on your bureau. Contact the credit bureaus and challenge every negative on your report. They have 30 days to document the negatives (which in most cases they cant or wont) or remove it. Its that simple.
 
SunDevilsFan



Joined: 09 Nov 2007
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Posts: 192
Location: Sunny Arizona


6672 Magic Points
 
 Posted on Wed Jan 02, 2008 2:06 am  
If you are saying that collection agencies dont affect your credit score on one of your credit reports, I am sorry, but I respectfully disagree.
 
Shawpiro

Shawpiro

Joined: 31 Dec 2007
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Posts: 54
Location: Austin Tx


2510 Magic Points
Subject: No!
 
 Posted on Wed Jan 02, 2008 2:12 am  
Actually the way I said that does seem to imply that though. Let me clarify what I mean. Yes collection agencies do reflect on your bureau. What I meant was dont waste time with contacting them because they will never remove anything. Go directly to the bureau and have it removed.
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Glynis Shaw
www.scorefix.net

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512-436-9008 Fax#
 
SunDevilsFan



Joined: 09 Nov 2007
SunDevilsFan's page
Posts: 192
Location: Sunny Arizona


6672 Magic Points
 
 Posted on Wed Jan 02, 2008 2:31 am  
The way you said it, in your last entry in this thread, I whole heartly agree!!

Contacting the collection agencys is a complete waste of time and effort. If you put the feet of the cb to the fire they will jump. Well, for the most part.

You have to stop and think, collection agencies are SCUM. Mostly bottom feeders. They have heard just about everything. Threaten to be taken to court yada yada.. They have deaf ears for the most part. There are some, and I was forced to deal with them, that are nice and will work for you. Heck, some did more than I wanted. But, in the long run, don't waste your time with them. If you do, make sure you know what you are doing and what the consequences might be if things dont go the way you want them to..
 
BESTBUYCREDITREPAIR
Guest
Subject: CREDIT HELP
 
 Posted on Fri Jul 25, 2008 4:51 pm  
Paying off old debt, will restart the clock on the collection activity for that account. The law states the LAST ACTIVITY. which includes payments. You are doing an injustice to yourself by paying a old debt. Imagine another 7 years?? Have them removed instead. Don't assume your credit score will increase, because you paid on your debt, it will not. These items on your credit report must be deleted, to have your score raised.

10 years ago I filed for bankruptcy. From then on, I have been doing credit repair on my own and my wifes credit files. It is a full time job just knowing how to handle each negative trade line on your report. There are legitimate credit repair services out there. I used Lexington law, who turned out to be the worst, monthly fee schemers. I did then get tired of the wording, "this item has been verified" letters. So............ I decided to read up on the Fair Credit Reporting Act.
I am now certified. I do credit repair as a part time Job. I have had very good results. It is all in the know how. Took me ten years to learn, but I learned. The draw back to repairing credit is the time involved. Following through on replies, how to handle a collection agencies verification, or validation letter sent back to you. Its like trying to sell real estate, You need to know what you are doing.
Feel free to visit my site:

Bestbuycreditrepair.com
 
CMBV22

CMBV22

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



4034 Magic Points
 
 Posted on Sat Jul 26, 2008 12:07 am  
Shawpiro & SunDevilsFan

I could not disagree more. You HAVE to deal with the CAs to some degree to get the listings removed. You HAVE to send DV letters and gain proof of FCRA and FDCPA violations to send to the CRAs. They will not remove a listing without proof. You need to build a case for them and possibly a small claims court.

If you think that simply disputing a listing with the CRA will get it removed you are in for a surprise. The CRAs don't have the time to give each account the investigation required to prove its validity. That is why MOV exists. During my credit repair I cant tell you how many accounts I disputed WITH PROOF they should be removed and I got back letter after letter claiming they were validated. It was my proof and the MOV letter that got them deleted AND prevented them from being reinserted.
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Free sample letters,
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and quick credit repair tips.
Pesonalized credit repair advice in the forum:

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