I had a credit card go to collections that I have since payed off. According to the CRA's the account is soupposed to show on record until March 07. Well this is March 07 and the account is still on record. Should I wait until April before I contact the CRA or should I just let it be? With experian the account is shown in good standing so I would hate for it to drop off and then my score lowers because it will be one less thing in good standing.
What should I do?
2007-03-19 10:32:55 · 3 answers · asked by kirkan1@verizon.net 2 in Business & Finance ➔ Credit
They normally delete around the end of the month. You could send a dispute to the CRA's, right now, and say the account is obsolete and request it be deleted and it may drop off a week (or so) early.
Losing an account that shows as being in good standing always hurts. How bad just depends on the rest of your report. If you have other accounts that are in good standing, have a fairly long history, etc. then it may not hurt that much.
Actually, if it is being shown as reported by a collection agency, taking the hit of it falling off would probably be for the best.
2007-03-19 11:11:50 · answer #1 · answered by echo 7 · 0⤊ 0⤋
It will fall off this month. If it doesn't, all you have to do is dispute it with the credit reporting agencies. You don't have to write the AG. That is just stupid. It will come off.
2007-03-19 19:29:24 · answer #2 · answered by Millionaire in training 4 · 0⤊ 0⤋
call the AG of your state, report what u just said. job done
2007-03-19 17:49:35 · answer #3 · answered by jom 1 · 0⤊ 0⤋