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Negative item taken of CR after I requested Investigation..

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Subject: Negative item taken of CR after I requested Investigation..
 
Posted on Wed Mar 12, 2008 10:49 pm  

I requested an investigation on a $42 item on my credit report and they send me a letter showing that they are investigating it, and that all collection efforts will be stopped until the results. It looks like this is a old bill I actually owe (so I assume it will get verified).
Suddenly so the item has disappeared from my credit report, even so they just started their investigation. Do they temporarily remove the items from CR while they investigate?
I am also waiting for a letter stating that they will remove the item of my report if I make the full payment, which hasn`t arrived yet.

So my 2nd question is. If I make the payment now, do you think they will add the item back onto the report as Paid, or just leave it off. Is there any way to tell? Should I wait for the "promise letter to remove" before paying, if it ever shows ?

Thank you for your help
Chris
fireyone



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Posted on Thu Mar 13, 2008 12:46 am  

If it is paid they may add it back on as paid. You can wait for the letter or since it is such a minimal amount you could just pay it off and not have to worry about it again.
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Posted on Thu Mar 13, 2008 7:53 am  

When the investigation goes on, the item is temporarily removed from the credit report.

Let the credit reporting agency get back to you with the results. Do not pay right away. If the item gets disputed you would be at a loss. If it does not get removed, in that case you have to contact your debtor and negotiate regarding the account.
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fireyone



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Posted on Fri Mar 14, 2008 11:29 pm  

Good sound advice. I was unaware that they had to remove it until after a dispute is cleared. How long does a dispute process generally take?
sdchargers_63

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Subject: cr
 
Posted on Tue Mar 18, 2008 1:31 am  

I've disputed a few things, on my CR. BOTH times, it took( about?) 30 days. The disputes were with 2 different CB. BOTH answers I recieved via regualr mail. Hope this answers your question.
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Posted on Tue Mar 18, 2008 10:42 am  

Yep pretty much. Thank you for your quick response.
Laura

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Posted on Tue Mar 18, 2008 11:33 am  

Hi Fireyone,

Once you dispute with the bureau, they have 30days since the receipt of the letter to investigate and get back to you. If they do not get into touch, you have to send follow up mails to the respective bureau. Now always remember to keep your documentation intact. To keep track of these letters send via certified mail with a return receipt request.
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fireyone



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Posted on Wed Mar 19, 2008 12:48 am  

Okay thanks Laura. At least they don't make you wait forever. thirty days isn't too long to wait around.
sdchargers_63

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Subject: cr
 
Posted on Wed Mar 19, 2008 2:51 am  

When I disputed items, i think the CB's actually answered in LESS than 30 days. I know it may seem like a long time, but..just think, YOU SAVE MONEY by doing this yourself. ...and not giving some 'credit fix it' place a zillion dollars to 'remove items for you'.
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Posted on Wed Mar 19, 2008 3:15 am  

I have always disputed my credit through the mail and never had a problem with a timely response. I am also one who hates credit repair companies because anybody can learn how to do it for themselves.

As far as the above situation I would definately wait until you receive the letter from your creditor before paying it off but I would pay it regardless of whether your dispute works or not. Even if removed temporarily it can still show back up in the future as long as it remains unpaid.
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Posted on Wed Mar 19, 2008 5:25 am  

Doing it yourself is important because we come to know the process from the base. Why keep doing things that we dont know properly. I am not completely armed to survive the credit issues but I have inside out knowledge regarding certain things. Then I have this forum to fall back upon. Thanks to you all.
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Posted on Wed Mar 19, 2008 10:59 pm  

I perfer doing it myself also. It is the reason I joined this site. Lots of help and info here. Even if your unsure how to go about things someone can guide you if you keep them posted.
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Posted on Fri Mar 21, 2008 4:25 pm  

Mine was not removed during investigation, it just says in red letters that it is being disputed beside the entry. They have never removed them, they are there just say, under investigation.
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Posted on Sun Mar 23, 2008 12:12 am  

Thats what mine said. They never in fact removed it.
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Posted on Sun Mar 23, 2008 12:30 am  

It has been that way ever since I disputed it, I don't think they will take it off until they get confirmation either way from the one who is reporting it negatively, what are your thoughts fireyone.
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