An answer for those that need some credit reporting advice!!!!?

Question

http://www.fair-debt-collection.com/junk-debt-buyers.html

I had a big problem. I owed a debt due to unemployment. I asked for advice and people were telling me not to pay it because it would restart the clock. The problem: a double entry on my credit report - one from the orgl. creditor and one from the coll.agency. It was kind of unfair because this was zombie debt that resurfaced out of nowhere, 4 year old debt being reaged. I figured I was unemployed for a year and a half - the original creditor got his "reward" (acct. was sold AND was written off) - so I decided to not look back and simply be a good citizen moving forward, which I did. A lot changes in 4-5 years.

Now I have this agency giving me the silent treatment, after writing letters because my credit report tumbled 30 points because of their "fresh entry".

Read the link above, if you scroll lower under #4, "Multiple Listings of the Same Debt" - which means that I can actually fight this. Keep the faith!

Answer 1

Debt validation may be your best bet here. Ask them to get proof you owe the debt. Not sure if re-aging is the culprit here as the credit reporting agencies have the date of 1st delinquency by default....it's provided when the debt goes to collections.

If it's 4-5 years old you would be better off spending your hard earned money elsewhere, unless you are sued, in which case you need to pay it off. But with 2 years left to go before it falls off your credit report, it won't improve your credit paying it now.

Answer 2

The time to dispute the expenses was together as the expenses were in spite of the incontrovertible fact that for the period of the palms of the known creditor. those expenses are to your credit record because of the reality which you probably did no longer get them resolved or paid and the known creditor grew to grow to be them to sequence agencies. The sequence agencies suggested the defaulted bills and that's who you will would desire to handle. Disputing those instruments with the credit bureaus because of the reality which you do no longer evaluate the billing, won't do you any nicely. The credit bureaus will touch the amassing organization who will ensure that the bills are suited. At this ingredient, you will attempt to barter pay for delete agreements (you pay and so as that they solid off the article out of your credit record) for those bills. it is not as easy to get pay for deletes because of the fact it use to be. Many sequence agencies now stick to credit bureau coverage and don't solid off actual undesirable instruments. you will would desire to be waiting to settle those bills for 25% to 50%, in keeping with how historic they are. Lump sum gets the marvelous promises. fee plans would desire to be speedy term. Get any fee settlement in writing previously than you pay and don't furnish lenders direct get entry to on your financial company account. Even in case you do pay off those bills, it may no longer improve your credit/score (till you get a pay for delete). The injury is performed and can stay for the soundness of the 7 12 months reporting era, despite if or no longer paid, settled, or unpaid. Frankly, curiously such as you have gotten an quite problem dealing with your funds. diverse those instruments look as in case you purely did no longer problem to conform with up or take care of consistent expenses. you will desire to ensure the library for some budgeting books or probable the community training provides some style of budgeting/funds management splendor.