Subject: Last year I disputed a negative account, it was removed, now
Mon Mar 08, 2010 5:37 pm
I had a fraudlant charge reported on my credit report thru a collection agency, I disputed them and it was taken off very quickly. Now a year later it looks like the first collection agency sold it to another collection agency and they have now reported to the same credit bureaus. Plus the agency never contacted me by mail or phone so before they reported it,and still have not. Is there anything I can do keep this from happening again. Equifax started a dispute without my knowlege, I have started the dispute all over again with experian.
You can send a letter to the collection agency, requesting them to remove the item off your credit report. Attach a copy of your fraudulent charge report, and a copy of the first dispute.
You can also dispute the item with the credit bureaus. However, if they fail to remove the item from your report, you can report this to the Federal Trade commission or the Better Business Bureau. You can also seek advise from the State Attorney General.
Another thing that I would like to mention is that an account can get reported without prior notice to you.
A filed police report
Activate fraud alert with all of the credit reporting agencies
Notify the original creditor and all collection agencies that this account is due to theft.
Obtain an ID Theft affidavit and forward copies to the police department, the credit reporting agencies, the creditor, and the collection agencies.
You should be able to re-activate a fraud alert and have this item immediately suppressed.
There are new FACT ACT laws on what the reporting creditors are suppose to do. I would recommend that you read up on the Fair Credit Reporting Act section about ID Theft.
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.