Posts Tagged ‘ collection agency ’

Collection accounts are not removed immediately after being paid in full

Dear Experian, If you have a derogatory record on your credit report from a collection agency and you pay off the debt in full, will the debt be taken off of your report sooner? Or do you still have to wait the seven years? - MSK

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Car returned under Service Member Relief Act is a voluntary repossession

Dear Experian, I am in the military and currently serving in Afghanistan. Prior to my departure I turned in my car lease under the Service Member Relief Act. When I check my credit report, it shows up as voluntary repossession, and then right after that it says “Due to military service.” Does this have a negative impact on my credit? - JSP

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Make payments only to the collection agency that currently owns the debt

Dear Experian, I have two collection agencies reporting the same item. If I pay the current collection company will both of them be updated as paid in full or do I have to pay them separately? - WJH

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Collection accounts for repossessed car will show in credit report

Dear Experian, If you have had a vehicle repossessed, will it stay on your credit if the creditor keeps selling the papers to different creditors? - JNB

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Collection efforts can continue after the account is removed from your credit report

Dear Experian, Can a charged off account on your credit report that was opened in 1999 and closed in 2010 be sold to another collection agency and then be given to an attorney to get payment from me? - LVM

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Collection account does not have to appear on your credit report to be legitimate

Dear Experian, I received a letter from a collection agency asking that I pay almost $3,000 for a debt that was originally a credit card opened in 1996. It seemed to come out of the blue, and when I called to get some bearings I was not given satisfactory answers or clarification. When I mentioned that this hasn't been on my credit report they replied that they don't report to the credit bureaus. Isn't that what would make them legitimate? If they don't report to the credit bureaus are they a legitimate company? - JCK

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Collection agency can try to recover 10-year-old debt

Dear Experian, My son has an account that was delinquent and charged off over 10 years ago. Yet, this evening we received a call from a credit agency looking for him regarding this debt. This is ridiculous! They said that they can continue to try to contact him no matter what. This debt is over 10 years old. What rights does my son have? - NES

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Why an original account and collection account both appear on your credit report for the same debt

Dear Experian, How can an item be on your credit twice, once under the original credit grantor and then under a collection agency? How does this affect the deletion date? - NTK

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Time limits for collection agencies to collect a debt

Dear Experian, What is the time frame that collections agencies can go after their money? - TRA

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Adding a statement explaining collection accounts to your credit report

Dear Experian, Can I include a letter in my credit report to explain a charge off or collection? - SMB

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Unpaid utility bills can appear on your credit report

Dear Experian, If you don't pay your utility bill, can that go on your credit report? - MWB

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Accounts still show payment history and amount past due when sent to collections

Dear Experian, I have a couple of accounts that were purchased by another lender or collection agency. I have paid them off and they do show closed, but they still show a balance. Is this negative? Should I dispute? - RYD

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Balance on collection account may not be updated until it is paid in full

Dear Experian, I have a "charge off" credit card account on my credit report that I have been repaying for over a year. I am paying the original creditor, as they handled their own collections. Why aren't these payments showing on my credit report? - KML

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Collection account payments should never be sent to Experian

Dear Experian, I recently looked at my credit report and saw that I owe two debts, and Experian is the collector. My question is where do I send the payment? I have been trying to pay it for a while now with no luck. Can you help? - PDR

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Alarm company can turn past due account over to collections

Dear Experian, I have a dispute with a security alarm company. They have implied a contract extension on a policy that I did not approve. I have not made a payment on the policy since November 2012 and am concerned that they may eventually turn the balance over to collections, thus negatively affecting my credit, though they have not threatened such action yet. Is there an arrangement I can make with the credit reporting companies that can prevent harm to my credit in the event that issues with this company escalate? That is, can I prevent them from damaging my credit history by reporting this unpaid balance? Or is my only option to pay them? - JSS

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Collection account and charged off account for same debt in credit report

Dear Experian, If an account is "charged off" and sold to collection agency, how can both accounts be used against you? My credit report shows two negative accounts. I owed $1,900, but now one account shows the original amount owed and a separate account shows $2,300 owed to a collection agency. Will both accounts stay on my report for seven years? The original account was four years ago, but the collection is only three months old. - VNW

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Company suing after account deleted from credit report

Dear Experian, Last year, I disputed an account with you and the other CRAs. About a month after the dispute, you and the other CRAs deleted that item off my credit reports. Now the company that placed that erroneous account is attempting to sue me. Can I request a document from you and the other CRAs validating that the account was deleted? - AFG

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Contacting collection agency won’t add negative entry

Dear Experian, I have an unpaid charge-off that I want to pay off. I've contacted the creditor showing on my current credit report but they advised me that they sold the account in 2011. The "sold to" company has never contacted me for re-payment. How can I go about paying off this debt and stopping the monthly reporting to the credit agencies? I'm afraid if I contact the "sold to" company there will be another negative entry on my report, in addition to the original creditor. Thank you. - BLD

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Make medical payments to the collection company not to the hospital

Dear Experian, I have been making monthly payments for a hospital bill. The hospital has stopped all correspondence and continues to cash my checks. They have also reported on my credit report with no reduction in debt updated. The report states collection even though they are accepting payment. - DLR

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Payments should be made to collection agency, not original lender

Dear Experian, I made payment arrangements to pay a debt to the original credit card company; however, a third party collection agency is now contacting me for payment on the same account. Who should I be making payments to? - ALT

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Debts older than seven years should not return to your credit report

Dear Experian, Can a creditor remove a debt after seven years and then sell the debt and place it back on your credit report? - KSE

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Collection agencies can try to collect debt after it is deleted from your credit report

Dear Experian, How many years back can a collection agency go to collect a debt? I have one from 1999 that my ex-wife and I have that was not paid. I am getting letters and calls from them, and they are telling me that they can still take my wages thru a garnishment. My wife was to pay this when we divorced. I make more money than her so they said they are going after me. Can they do this? - TMW

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