, Disputed a amount with the credit bureau's need advise?

Question

there is amount for 288 on my credit from something that occured in 2003 and i pd it off 2 years ago. guess what it is still on there showing i owe this amount. i disputed it with the credit bureaus with a copy of the cancled check. They all wrote back stating they cannot use this-then then enclosed a copy of my credit report making this collection was verified on 2/07. I am in the process of refiancing my home and this is having some affect on this. I contacted the collection agency that is handling this and they told me they will review this check and it will take 6-12 months to investigate this. Now should i just pay this again? to help my credit score/dose it affect my score with them showing it was verfied? on the credit report it shows that it will removed in 2010. i am lost and need some good advise.

Answer 1

If you had paid the account and they are showing the amount as a past due amount, that is a violation. If it is showing as "paid" then they are probably reporting correctly in that aspect, though they may be reporting violations in other ways.

You might send the collection agency a debt validation letter, send it certified mail return receipt. When you get the green card back, send a dispute to the credit reporting agencys.

You might also look in my profile and do some reading in the links listed. Learn your rights and learn how to use them.

Answer 2

The reason it will be removed from your credit report in 2010 is because items stay on your report for 7 years. You can't remove the details from your credit report if you paid it off. It should show as paid on your credit report, but will remain on your report until it falls off naturally after the 7 years go by.

It should be showing on the credit report as late, paid. If it doesn't show as paid, there is clearly a mistake. Either way, it should show up on your credit report.

Just make sure you're not confusing an item paid with removing credit history. Even items that are paid off in full should remain on your credit report. If you're writing to the bureaus to remove the late completely you're making a mistake, as removal is only warranted if the creditor made a mistake to begin with.

Once you agree to pay something, you basically admit fault, and it resolves the issue, but the history remains for some time after, in your case, until 2010.

FYI, you can't pay it off again, and you can't get it removed because you admitted guilt by paying it. It shouldn't affect your credit score much anyways if it's that old and that small.

I'd look at other areas of your credit that might be dragging you down such as outstanding debt, inquiries, new lines of credit, etc.

Learn more at http://www.thetruthaboutcreditcards.com
http://www.thetruthaboutmortgage.com

Answer 3

First, you're able to desire to flow examine the FDCPA and discover out what it actual says -- not some lame interpretation from a "credit expert" website. That letter you get carry of from the series ageny extremely chuffed the standards of the FDCPA as far as validation. in fact, it says that the collector could desire to sent written validation interior of 5 days of preliminary touch. That validation is the call of the unique creditor, volume, dates, and notices of your perfect to dispute. you will possibly have disputed or asked further information however the series enterprise does not have a 30 day requirement to reply to you. they could have desperate to not take care of you in any respect, somewhat in case you sent a form of horrid form letters inquiring for validation that quote the FDCPA as requiring an prolonged record issues. they could have desperate to easily sue and positioned across the information to court docket or maybe to easily unload the debt and enable yet another series enterprise take care of you. you in addition to mght have not any case against the credit bureaus. in case you dispute an merchandise on your credit report, the credit bureau contacts the creditor to verify the article. If the creditor responds that the article is right, it somewhat is each and all of the credit bureau desires. in fact, your terrific direction may be to barter a freelance on that debt somewhat of playing video games and hoping to discover a loophole to get out of paying. or maybe worse, attempting to make money on your defaulted money owed.