| Author |
Message |
|
Options 
Bookmark online
|
fgf999
Joined: 08 Dec 2008
fgf999's page
Posts: 1
79 Magic Points
|
|
Subject: Need help removing an item from my credit report
|
|
|
Mon Dec 08, 2008 11:22 pm
|
|
|
| Early this year I opened a new credit card with Chase Bank, made a purchase with it, got sick, failed to make payments. Because the account was new, no one taking care of my affairs while I was sick was aware of it and didn't take care of paying it. The bank closed the account and referred it to collection. Subsequently I paid the balance to the collection agency. I contacted Chase, explained the situation, offered to reimburse them for the collection agency charges and asked them to delete the write-off from my credit report. They refused and said that their policy is that the item will continue to appear on my credit report for 7 to 9 years. Is there anything I can do? |
|
|
goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
|
|
|
|
|
Tue Dec 09, 2008 12:32 am
|
|
|
Really there is not much you can do but file a dispute if you feel that the information is not correct, you have to file a dispute with each of the credit reporting agencies.
You have to go each one of them and do it separately, if you need help, please let us know.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
|
|
sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
|
|
Subject: credit
|
|
|
Tue Dec 09, 2008 8:19 am
|
|
|
| Someone else had the 'ad', on this forum, about Attractive Secrets (dot) com. Don 't you have to pay to get this information?..from what I understand, anyway. |
|
|
anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
|
|
|
|
|
Tue Dec 09, 2008 11:42 am
|
|
|
Hi fgf999
The original creditor can remove a negative listing from your credit report only if he has transferred the right to collect the debt to the collection agency and has not sold off the debt to the CA. If it has been sold off to the collection agency, both the collection agency and the OC listing will stay in your credit report. Now if you make a pay for deletion agreement with the CA, then the CA listing will be removed but the OC listing will stay there for seven years.
_________________
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. |
|
|
scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
|
|
|
|
|
Tue Dec 09, 2008 12:25 pm
|
|
|
I agree with Anthony. But to remove the name of the collection agency from your credit report, you should have come to a pay for deletion agreement with the creditor before you pay off the debt in full. Now since you have already made the payment, I don't think that the collection agency will remove it from your report. However, you can try once by calling up the CA and requesting them to remove it from your report.
_________________
SCOTT
Use your credit account responsibly and enjoy a debt free life. |
|
|
sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
|
|
Subject: CR
|
|
|
Tue Dec 09, 2008 7:00 pm
|
|
|
| So, if you can make a 'deal' with the OC, you can get the debt removed? If the debt IS removed, then does the CA automatically ome off, your CR, too? |
|
|
Doc
Joined: 02 Dec 2008
Doc's page
Posts: 165
Location: McKinney, TX
219 Magic Points
|
|
|
|
|
Tue Dec 09, 2008 7:23 pm
|
|
|
Once again... I must respectfully disagree with the posts here...
PAYING A DEBT (OR ALLEGED DEBT) WITH ANY CREDITOR, ORIGINAL OR THIRD PARTY, DOES NOT CONSTITUTE A REASON FOR DELETION OF THAT ACCOUNT. IT MUST SIMPLY BE NOTATED AS PAID OR TRANSFERRED TO ANOTHER LENDER/CREDITOR.
If a company offers a delete for pay, that's fine, and if it fits into the budget, go ahead... But understand that they are not only NOT REQUIRED to do so, they are SPECIFICALLY asked NOT to do so by the bureaus, and the organization that writes the manual for data furnishers...
Transferring the debt or selling it to a third party DOES mean that the original company may no longer show a balance due, or a past due balance. That is an illegal duplication of information, subject to FCRA, FDCPA, and DTPA statutes.
_________________
-Doc Compton, Omega Credit Repair
I provide info for free, & all I ask is that you visit my site... I don't wanna sell you anything, I just wanna increase my traffic, and push my site up in the search engine rankings...
http://www.omegacreditrepair.com |
|
|
carol
Joined: 27 Jun 2006
carol's page
Posts: 1308
28489 Magic Points
|
|
|
|
|
Wed Dec 10, 2008 6:09 am
|
|
|
Hi Chargers
Doc is right in the sense that paying off a debt does not necessarily mean that the creditor or the collection agency would agree to remove the negative listing from your credit report. But if you make the entire payment of the outstanding debt, the creditor has to list the debt as "paid" in your report. It is upto the creditor or the collection agency to agree to your offer to pay for delete. But if you can somehow make the creditor agree to pay for delete, get it in writing.
_________________
Keep in touch
Carol |
|
|
sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
|
|
Subject: credit
|
|
|
Wed Dec 10, 2008 6:31 am
|
|
|
| CAROL........ok........I catcha now!! I thought if you had a PAID debt, you could dispute the CB's. So..you're saying it's not the decision of the CB's to remove it, it's the decision of the OC or CA. Well......sometimes CA's can be hell to work with. |
|
|
Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1093
25288 Magic Points
|
|
|
|
|
Wed Dec 10, 2008 6:39 am
|
|
|
It is true that the Federal law does not necessitate deletion of the negative listing from your report as soon as you pay off the debt in full, you should always try to negotiate with the creditor for PFD before you pay off the debt. If the debt is not sold off to the collection agency, then you should come to a agreement with the original creditor for pay for deletion. To know whether your debt has been sold off to the CA or not, all that you need to do is to send a debt validation letter to the collection agency whose name appear in your credit report.
_________________
All the Best 
Justin |
|
|
carol
Joined: 27 Jun 2006
carol's page
Posts: 1308
28489 Magic Points
|
|
|
|
|
Wed Dec 10, 2008 7:00 am
|
|
|
Yes Chargers, the credit bureaus delete the negative listing from your credit report only if the creditors or the collection agency ask them to do so. Therefore, if the creditor agree to the pay for deletion agreement, you should always get it in writing so that if the creditor does not remove the listing from your report after you pay off the debt in full, you can send a copy of the letter to the credit bureaus and ask them to delete the listing.
_________________
Keep in touch
Carol |
|
|
Kia
Guest
|
|
|
|
|
Wed Dec 10, 2008 5:17 pm
|
|
|
| Repairing my credit. Need advice on how to remove old items and inquiries off the report. And is there a way to remove old mortgage companies that were paid off and have negative lates reported. |
|
|
sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
|
|
Subject: credit
|
|
|
Thu Dec 11, 2008 2:19 am
|
|
|
| Thanks for the 'clarity', CAROL. If you have a letter from the OC or CA that they WILL remove the debt, then you have proof on what you're saying. |
|
|
Donald
Guest
|
|
Subject: remove neg feedback
|
|
|
Tue Jan 13, 2009 5:12 pm
|
|
|
| So the thing to do is to call the credit card company and tell them, " Look, I owe several people money and am only able to pay one, that is going to be the one who works best with me. I can give you $1500 of the $10,000 to settle the debt if you show it as paid and not charged off or settled and remove any and all negative reports in the past and resulting from this deal. Would that work some of the time, a majority of the time, or not at all? |
|
|
sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
|
|
Subject: credit
|
|
|
Tue Jan 13, 2009 7:41 pm
|
|
|
| I know I've asked this question before, but..I don't think I received a response. If you send a DV letter to a CA, and they DO NOT 'validate' the debt, can you send a copy to the CB's and ask for the debt to be 'removed' under THIS certain circumstance? |
|
|
