My question is there is an account from Bally total fitness which was a mistake on my part anyways I never paid one payment on the account which was opened in Dec of 1999. I received my free credit report last year and have been clearing up the negative items on it , but the Ballys account is showing as an accoutn in good standing Status is transfered closed. Creditors statement " Account transfered to another lender." If i have never paid anything nor spoke to a credit or or bally's about this account should it not be in the negative accounts on my report. Also being that it is so old should it be taken off my credit report now? Any and all help would be appreciated. Oh and i foung out whom has the account now Assetacceptance llc! Thnak you for any and all help in this matter.
Joined: 02 Mar 2007 Emmy's page Posts: 15 Location: Show-Me
I'm taking a stab but I'm guessing it's experian reporting the negative in the positive section...
Is it actually reporting as a positive or as a derogatory tradeline? You opened the account in 1999 but when was the first date of delinquency on this account? You could attempt to dispute with the credit reporting agency as obsolete.
ETA: I overlooked you said it is being reported by Asset. If the account is not removed due to being obsolete, you may want to send a debt validation to asset.
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.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.