I have an account in collection that is not a loan, but that I owe a college I went to for a few weeks. I do not have a contract for this or anything. The college never got money for tuition because I cancelled the loan to give them the money because I had to leave the college. I was told I would not be obligated to pay because I was only there for a few weeks. I never signed anything, nor was anything given to me to tell me that I would be obligated. So now, on my credit report it has this collection for the tuition. Should I look into this and try to get it off my report since I have no contract, etc? It is not a loan, just money owed to the college...
2006-11-21 20:44:54 · 4 answers · asked by eNGLANDER 1 in Business & Finance ➔ Credit
Enrolling in college to attend classes IS a contract. Just because you didn't have a lawyer and were not handed a piece of paper that said "Contract" across the top, does not mean that your agreement to use the college services and attend classes is not a legally binding contract.
Most colleges have a final "drop/change" date each semester. This is the final day you can pull from a class and still receive a partial refund of your tuition. Did you officially drop these classes (go to the registrar's office and fill out the forms) or did you just stop going to class?
If you just quit going, you are legally responsible for your full tuition for that semester.
Call the college and try to talk to someone in the Financial Office to see what can be done to get this off your credit report. They might agree to a payment plan, or reduction in the amount they show you owe.
2006-11-21 21:53:03 · answer #1 · answered by Gem 7 · 0⤊ 1⤋
What you do is write to the credit bureaus and dispute the information. If the college cannot prove in writing that it is valid, then they have to take it off your record. The best time to do this is Thanksgiving-Christmas time, because they are so busy with credit applications. The contact info is
Experian
http://www.experian.com/rs/fi1.html
(Online Dispute Only)
Equifax
P.O. Box 740256
Atlanta, GA 30374-0256
Trans Union
P.O. Box 2000
Chester, PA 19022
At the end of the thirty days, you will receive a credit report from each bureau you filed a dispute with, showing you the results of the investigation.
2006-11-22 05:11:06 · answer #2 · answered by Marusia 2 · 1⤊ 0⤋
This answer assumes that you are in the UK. A contract is formed whether or not there is a signed record of said contract, however it will be difficult for the company concerned to prove that such a contract exists if they pursue any legal action against you in order to establish an outstanding debt. If you have any documents in relation to the alleged loan, please check them carefully to see if you have entered into a credit agreement under The Consumer Credit Act (CCA). Write to the college asking for documentary proof that you have entered into a credit agreement under the CCA. In the meantime you can attach a note to your credit report explaining that the apparent debt is in dispute. You will not be able to remove it until such time as the college agrees that there is no debt outstanding. For further information in this matter look at the Department of Trade and Industry website: dti.gov.uk - they produce a free booklet, "No Credit?" with advise on dealing with circumstances such as yours. Good luck.
2006-11-21 22:05:10 · answer #3 · answered by paul h 4 · 0⤊ 1⤋
no middle of the road in credit you owe it or you don't owe it. you know. do the thing that is right
2006-11-22 09:23:42 · answer #4 · answered by moonwalker 3 · 0⤊ 1⤋