Posts Tagged "collection"

Time limits for collection agencies to collect a debt

Dear Experian,

What is the time frame that collections agencies can go after their money?


The impact of paying a collection account on credit scores

Dear Experian,

Does settling a debt that is showing negative on my credit report as a “collection”, get removed from my report as soon as it is paid? Does paying this debt help raise my credit score?


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?


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?


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?


“Paid in full” charged off account is better than “settled for less than owed”

Dear Experian,

If you have a charged off account, is it better for it to show “paid in full” or “settled for less?”


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?


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?


Evictions are not shown in a credit report

Dear Experian,

I have an eviction on my credit report which is inaccurate. I have proof that it was paid. Every time I apply for an apartment I am denied because of this eviction on my record. I have ordered my credit reports and it does not appear on any of them, yet it’s on every tenant screening report. I would like to know how to have it removed.


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?


Our policies for Ask Experian:

The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation. Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing. While maintained for your information, archived posts may not reflect current Experian policy. The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future post.