Creditor is incorrectly reporting information

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lsharp
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Subject: Creditor is incorrectly reporting information

Fri Oct 23, 2009 6:55 pm

I settled an account and the creditor is still reporting it as a collection with a zero balance. Is this correct?

Justin

Justin

Joined: 17 Jul 2006
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Posts: 1240

28942 Magic Points

Sat Oct 24, 2009 11:53 am

Isharp,

No, it should show something like, ‘settled in full’ or ‘paid as agreed’ in your report. How long has it been that you have settled the account? Normally it takes more than 3 months to update the credit report. I would suggest you to wait for that time and then if you find it appearing in your report, write a dispute letter to the bureau. Also do not forget to call the creditor and ask about the listing.
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cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sun Jan 17, 2010 9:13 pm

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* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
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