Accounts that contain a negative account status. Accounts not paid as agreed generally remain on your credit file for 7 years from the date the account first became past due leading to the current not paid status. Late Payment History generally remains on your credit file for 7 years from the date of the late payment.
Open Accounts
ARSÂ
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 52XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  12/2009  Â
Balance Date:Â
  03/2010  Â
Balance Amount:Â
  $416  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $416  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: MED1 02 EMERG PHY ASSOC OF S JERSEY COLLECTION ACCOUNT   Â
 Show Details
ASSET ACCEPTÂ
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 3885XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  01/2009  Â
Balance Date:Â
  02/2010  Â
Balance Amount:Â
  $256  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $235  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: EXPRESS STRUCTURE WORLD FINA COLLECTION ACCOUNT   Â
 Show Details
ASSET ACCEPTÂ
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 3823XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  09/2008  Â
Balance Date:Â
  02/2010  Â
Balance Amount:Â
  $422  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $378  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: PACIFIC SUNWEAR WORLD FINANC COLLECTION ACCOUNT   Â
 Show Details
MIDLAND CREDÂ
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 853062XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  04/2009  Â
Balance Date:Â
  02/2010  Â
Balance Amount:Â
  $857  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $728  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: HSBC BANK NEVADA N A COLLECTION ACCOUNT   Â
 Show Details
NCO FIN /99Â
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 68606XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  12/2006  Â
Balance Date:Â
  10/2008  Â
Balance Amount:Â
  $138  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $138  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: TD BANK N A COLLECTION ACCOUNT   Â
 Show Details
NCO FIN /99Â
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 71910XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  02/2009  Â
Balance Date:Â
  02/2010  Â
Balance Amount:Â
  $203  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $203  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: 06 PROGRESSIVE INSURANCE COLLECTION ACCOUNT   Â
 Show Details
NCO- MEDCLRÂ
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 3894XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  08/2007  Â
Balance Date:Â
  05/2009  Â
Balance Amount:Â
  $1,137  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $1,137  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: MED1 02 EMRG PHY ASSOC OF S JERSEY P COLLECTION ACCOUNT   Â
 Show Details
NEW CENTRYÂ
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 702127122765XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  08/2009  Â
Balance Date:Â
  03/2010  Â
Balance Amount:Â
  $912  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $912  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: 12 HSBC BANK NEVADA NATIONAL ASSO COLLECTION ACCOUNT   Â
 Show Details
NEW CENTRYÂ
 Equifax TransUnion Experian
Account Type:Â
 Open Â
Account Number:Â
 504994015757XXXX Â
Payment Responsibility:Â
  Individual  Â
Date Opened:Â
  08/2009  Â
Balance Date:Â
  03/2010  Â
Balance Amount:Â
  $489  Â
Monthly Payment:Â
     Â
High/Limit:Â
  $489  Â
Account Status:Â
  Collection  Â
Past Due Amount:Â
 $0  Â
Comments:Â
  ORIGINAL CREDITOR: 12 SEARS PREMIER CARD COLLECTION ACCOUNT   Â
 Show Details
Closed Accounts
My fico score is 544. What should I do first? These amounts are far higher then they were originally I haven't paid in almost 3 years. Thanks for the help.
What state are you from?
Some states have statute of limitations as early as 3 years you might be outside of their reach - the debt might be time barred.
You might offer to pay in exchange for deletion, not all companies do this, but some will, it is worth asking if you have the means to pay.
If you disagree with the balances you can always send them a request for debt validation - to the collection agencies.
If you settle be sure to get everything in writing.
credit report and scores
Hi,
Nightstar is correct. You should first check the Statute of Limitations (SOL) on your debts. SOL is the time limit within which the creditor or collection agency will be able to sue you for not paying the dues. However, if the SOL has expired, you need not worry, cause they won't be able to sue you for the debts. Another important thing is that, expiration of SOL does not mean that the collection process may stop. SOL varies according to the state and the account type.
After this you can try to validate your debts. With debt validation you will be able to find out whether or not you actually owe the debts. It will also provide you with the details of the amount owed by you and if the collection agency really has the power to collect. You will get a sample validation letter at http://www.creditmagic.org/repair/sampleletter-debtvalidation.html .
While negotiating the settlements on the amount to be paid, request the creditors or the collection agencies to agree to a "Pay for delete" (PFD) agreement. If the creditors and collection agencies agree to the PFD, your account will get reported as "Paid". You can get a sample PFD at http://www.creditmagic.org/repair/pay-for-delete.html .
After paying off the dues, check your credit report once again to check whether or not the accounts has been reported as paid. Remember to send all the letters through certified mail, requesting a return receipt. You should also get all the agreements in writing, and keep with you all the payment receipts for dispute purposes, if any.
Hope this helps.
Regards,
Aaron
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p4o7ZQ Wow, great blog.Really looking forward to read more. Much obliged.