Is there anyway to get an old long distance company debt removed from my credit report without having to wait 7 years if it is after the statue of limitations?
If there are no collection attempts you can go ahead and dispute it with the CRA. However there remains a chance of further investigation from the bureau which might renew the collection attempt of the debt. This is just a probability because the debt has not been paid. Others can throw more light on this subject.
If it is the only thing on there, you may want to leave sleeping dogs lie, as Laura said, you may start collection procedures again if you do anything like contacting the credit reporting agency. Some how they have ticklers on cra's that let them know that your are feeling around there and will start contacting you again. Collection agencies are known for this.
I would dispute it. If the debt is beyond the SOL, and the mark is not removed, you can always exercise your right to send a cease and desist letter--in the event collection attempts are renewed.
Folks forget the collection agencies. They have nothing to do with your credit score on your bureau. Contact the credit bureaus and challenge every negative on your report. They have 30 days to document the negatives (which in most cases they cant or wont) or remove it. Its that simple.
Actually the way I said that does seem to imply that though. Let me clarify what I mean. Yes collection agencies do reflect on your bureau. What I meant was dont waste time with contacting them because they will never remove anything. Go directly to the bureau and have it removed.
The way you said it, in your last entry in this thread, I whole heartly agree!!
Contacting the collection agencys is a complete waste of time and effort. If you put the feet of the cb to the fire they will jump. Well, for the most part.
You have to stop and think, collection agencies are SCUM. Mostly bottom feeders. They have heard just about everything. Threaten to be taken to court yada yada.. They have deaf ears for the most part. There are some, and I was forced to deal with them, that are nice and will work for you. Heck, some did more than I wanted. But, in the long run, don't waste your time with them. If you do, make sure you know what you are doing and what the consequences might be if things dont go the way you want them to..
Paying off old debt, will restart the clock on the collection activity for that account. The law states the LAST ACTIVITY. which includes payments. You are doing an injustice to yourself by paying a old debt. Imagine another 7 years?? Have them removed instead. Don't assume your credit score will increase, because you paid on your debt, it will not. These items on your credit report must be deleted, to have your score raised.
10 years ago I filed for bankruptcy. From then on, I have been doing credit repair on my own and my wifes credit files. It is a full time job just knowing how to handle each negative trade line on your report. There are legitimate credit repair services out there. I used Lexington law, who turned out to be the worst, monthly fee schemers. I did then get tired of the wording, "this item has been verified" letters. So............ I decided to read up on the Fair Credit Reporting Act.
I am now certified. I do credit repair as a part time Job. I have had very good results. It is all in the know how. Took me ten years to learn, but I learned. The draw back to repairing credit is the time involved. Following through on replies, how to handle a collection agencies verification, or validation letter sent back to you. Its like trying to sell real estate, You need to know what you are doing.
Feel free to visit my site:
I could not disagree more. You HAVE to deal with the CAs to some degree to get the listings removed. You HAVE to send DV letters and gain proof of FCRA and FDCPA violations to send to the CRAs. They will not remove a listing without proof. You need to build a case for them and possibly a small claims court.
If you think that simply disputing a listing with the CRA will get it removed you are in for a surprise. The CRAs don't have the time to give each account the investigation required to prove its validity. That is why MOV exists. During my credit repair I cant tell you how many accounts I disputed WITH PROOF they should be removed and I got back letter after letter claiming they were validated. It was my proof and the MOV letter that got them deleted AND prevented them from being reinserted.
If there are no collection attempts you can go ahead and dispute it with the CRA. However there remains a chance of further investigation from the bureau which might renew the collection attempt of the debt. This is just a probability because the debt has not been paid. Others can throw more light on this subject.
If it is the only thing on there, you may want to leave sleeping dogs lie, as Laura said, you may start collection procedures again if you do anything like contacting the credit reporting agency. Some how they have ticklers on cra's that let them know that your are feeling around there and will start contacting you again. Collection agencies are known for this.
Good question!!!
My take on it is like goodnatured's....kick a sleeping pitbull you will find yourself with a wide awake anger pitbull....
I would dispute it. If the debt is beyond the SOL, and the mark is not removed, you can always exercise your right to send a cease and desist letter--in the event collection attempts are renewed.
oooops.....
I miss read... I think? Is it past SOL for where you live?
Go for a dispute Susan. I agree to what morningstar said. Cease & Desist letter will help if any collection attempts are made.
Folks forget the collection agencies. They have nothing to do with your credit score on your bureau. Contact the credit bureaus and challenge every negative on your report. They have 30 days to document the negatives (which in most cases they cant or wont) or remove it. Its that simple.
If you are saying that collection agencies dont affect your credit score on one of your credit reports, I am sorry, but I respectfully disagree.
No!
Actually the way I said that does seem to imply that though. Let me clarify what I mean. Yes collection agencies do reflect on your bureau. What I meant was dont waste time with contacting them because they will never remove anything. Go directly to the bureau and have it removed.
The way you said it, in your last entry in this thread, I whole heartly agree!!
Contacting the collection agencys is a complete waste of time and effort. If you put the feet of the cb to the fire they will jump. Well, for the most part.
You have to stop and think, collection agencies are SCUM. Mostly bottom feeders. They have heard just about everything. Threaten to be taken to court yada yada.. They have deaf ears for the most part. There are some, and I was forced to deal with them, that are nice and will work for you. Heck, some did more than I wanted. But, in the long run, don't waste your time with them. If you do, make sure you know what you are doing and what the consequences might be if things dont go the way you want them to..
CREDIT HELP
Paying off old debt, will restart the clock on the collection activity for that account. The law states the LAST ACTIVITY. which includes payments. You are doing an injustice to yourself by paying a old debt. Imagine another 7 years?? Have them removed instead. Don't assume your credit score will increase, because you paid on your debt, it will not. These items on your credit report must be deleted, to have your score raised.
10 years ago I filed for bankruptcy. From then on, I have been doing credit repair on my own and my wifes credit files. It is a full time job just knowing how to handle each negative trade line on your report. There are legitimate credit repair services out there. I used Lexington law, who turned out to be the worst, monthly fee schemers. I did then get tired of the wording, "this item has been verified" letters. So............ I decided to read up on the Fair Credit Reporting Act.
I am now certified. I do credit repair as a part time Job. I have had very good results. It is all in the know how. Took me ten years to learn, but I learned. The draw back to repairing credit is the time involved. Following through on replies, how to handle a collection agencies verification, or validation letter sent back to you. Its like trying to sell real estate, You need to know what you are doing.
Feel free to visit my site:
Bestbuycreditrepair.com
Shawpiro & SunDevilsFan
I could not disagree more. You HAVE to deal with the CAs to some degree to get the listings removed. You HAVE to send DV letters and gain proof of FCRA and FDCPA violations to send to the CRAs. They will not remove a listing without proof. You need to build a case for them and possibly a small claims court.
If you think that simply disputing a listing with the CRA will get it removed you are in for a surprise. The CRAs don't have the time to give each account the investigation required to prove its validity. That is why MOV exists. During my credit repair I cant tell you how many accounts I disputed WITH PROOF they should be removed and I got back letter after letter claiming they were validated. It was my proof and the MOV letter that got them deleted AND prevented them from being reinserted.
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KafNjx Hey, thanks for the blog.Really thank you! Much obliged.