Credit Dispute Question!?

Question

Ok, I think this would qualify as a two part question.

So i just found out that my credit score dropped considerably. I have a parking ticket in Washington DC, and a collections notice from Verizon.

My plus score dropped about 50 points. I think each of these were reported to just one of them changes were reported to just one agency each.

The question is the parking ticket, and the collections item. I was wondering how to dispute these. Should i pay them then dispute them, or dispute and try to settle.

Since one is a parking ticket, do you think the government will settle. I dont think they would, but i thought i would ask.

I would appreciate any help. I was thinking of hiring a dispute agency to help out. I found some convincing agencies online. What do you guys think?

Since there hasnt been any changes in the last two years, it seems that just these items dropped my score. Im thinking if i could get these deleted, i could easily lift my score back to normal. What do you guys think?

Answer 1

First DON'T spend your money hiring anybody. There is nothing that these companies can do legally, that you can't do for free or very low cost(in the cost of a few letters). Instead use that money to pay off the accounts.

Negative information can only be reported for 7 years from the date of the negative item. You did not say how old these items are, but they sound recent. So any valid dispute you have on the age of these probably won't work. If these are valid items there is no use in disputing them as you can not legally have them removed. If they are not valid items you need to send a debt validation letter to the collection agency by certified mail. If they do not respond in 30 days you can write the Credit Reporting Agencies and have the listing removed.

If they do validate the debt, then you need to work it out with the company. Send them a letter with your payment offer. Include the amount you will pay, the date of the payment(s) and that they must remove the collection account once you have paid it. Only when you get a letter from them that says they agree do you send any money to them. There is nothing legally that says the collection agency must remove the information, just that if they report it the information must be correct. But even so most companies will agree to remove the negative information if you pay in full. However, if you try to settle for less they usually(but not always) won't remove the listing. So if you don't offer to pay the entire amount they will probably come back with a counter offer.

Answer 2

You can't get them deleted. If they are valid charges, and a parking ticket left unpaid that you didn't dispute in a timely manner when you got the ticket is definitely valid, the best you can do is pay the charges and write to the credit reporting agencies with proof that the charges have been paid. The bad marks will stay on your record for a time and eventually drop off, and proof that you made good will also be seen by others.

Answer 3

you ought to look on the contract section often the ingredient you drop on the floor while your invoice is obtainable interior the mail approximately what to do in disputes. quite often you ought to notify them of the ingredient you're disputing (a can charge you probably did no longer authorize, etc.) in writing and waitr for their reaction. some credit agencies nevertheless require you to pay them the disputed can charge on the time your charge is due on a similar time as others say you do no longer ought to pay that section till the dispute is settled (it takes a on a similar time as for them to look at often it is over in ninety days). Say the policies are you ought to pay 3% of your account stability or 20$ whichever is greater and you have a stability of one thousand$. although you're disputing a can charge of one hundred fifty$. in case your contract states which you do no longer ought to pay any disputed component of the account then you definitely subtract one hundred fifty from one thousand and pay 3% of that. in case you probably did no longer dispute something your charge qwould be around 30$ in case you probably did dispute that quantity then your charge may well be 25$