There was a disputed $74 item on my credit report from back in 2001. It was removed and now it is showing back on my credit report again. It has greatly reduced my score. I worked very hard to bring my score up.
I am disputing it through experian, again. Are collection agencies alowed to remove an item and then put it back in for collections, after it was disputed? And what can I do to have it removed?
Also, is there anyway to remove credit inquiries from companies I didn't get approved from my report to help bring my score back up a bit?
2007-03-18 10:37:38 · 9 answers · asked by FaerieWhings 7 in Business & Finance ➔ Credit
If a collection agency removes their tradeline on their own (you hadn't disputed it) then they cannot legally place it back on your reports.
If a collection agency removes a disputed tradeline, they can re-insert it - BUT - you MUST be notified that it is being placed back on your reports.
Also, if it is re-inserted it cannot be re-aged to run longer than it normally would have to begin with.
Credit cards, medical bills, loans, utility bills, etc. run for 7 years.
I have a link to the FCRA on my profile, I would suggest that you read it and learn your rights - and use them.
You cannot legally dispute inquiries that are on your reports when the company that placed them there had permisible purpose - your applications etc.
2007-03-18 13:50:26 · answer #1 · answered by echo 7 · 1⤊ 0⤋
I understand that you dispute the item, but do you legitimately owe it? If so, yes, they have the right (and obligation) to report accurate information. If no, make sure you dispute any inaccuracies with all 3 national bureaus.
Regarding inquiries, there is no way to remove inquiries which resulted from applying for credit. The only thing that will remove inquiries is time.
2007-03-24 02:51:25 · answer #2 · answered by khill 2 · 0⤊ 0⤋
I had the same problem. Make sure that you dispute it with ALL 3 major credit companies - Experian, Trans Union, and Equifax... and keep on contacting them until it gets resolved. NO! they are NOT allowed to put it back on your report... UNLESS the company that issued the complaint against you is continuing the process and they never were informed of the mishap. So contact that company as well. Been there - done that
2007-03-18 10:47:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
For the $ 74.00 you should contact to the company that they have claim on your credit. they have to send a letter to credit department.
and about remove credit enquiries, No there is no chance to remove them but if you don't have any enquiry more than 6 Month all the previous enquiries will be disappear, they are there but they won't show up again.
2007-03-24 09:50:24 · answer #4 · answered by v.m 2 · 0⤊ 0⤋
forward the creditor a letter of validation of debt,certified it,have them prove the debt to you first--check out www.budhibbs.com,to see if they real,,there so many scam artists out there,that includes attorney's,too his site will inlightened ya,,sounds like your collectior is a scavgener debt collect--check your statue of limitaions,this sounds like a time-barred account--do your homework,,before thinking of paying them--you also have to dispute with all 3 credit bureaus==credit inquiries ya can call the company and request--plus there's a sample letter (www.creditinfocenter.com)removing inquiries==check it out
2007-03-23 12:14:17 · answer #5 · answered by dolly d 2 · 0⤊ 0⤋
Im going thru the same thing right now with 1 debt that was listed on mine, I disputed it three times and it has been provine that it is not mine , Im getting ready to take them to court.
2007-03-22 11:34:26 · answer #6 · answered by Larry M 4 · 0⤊ 0⤋
Here's specific info on how to dispute errors:
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre21.htm
And no, there's no way to remove credit inquiries from your report.
2007-03-18 10:46:39 · answer #7 · answered by Anonymous · 0⤊ 0⤋
How to Clean Up Credit Report
Before approving your loan, your lender contacts the credit bureaus to get your credit report. Bad credit report will severely restrict your credit. In some cases, you may not even get the credit. So it is vital to get your credit report cleaned. To enable you to achieve that you have to alter your financial habits
http://www.debt-loan-refinance-mortgage-credit.com/category/How-to-Clean-Up-Credit-Report.html
2007-03-18 21:02:18 · answer #8 · answered by Anonymous · 0⤊ 0⤋
check this out....very informative.
There are different types of inquiries...some dont affect your score...
http://en.wikipedia.org/wiki/Credit_report
2007-03-18 10:41:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋