representative » Mortgage and Insurance

Debt paid/transferred to CA simultaneously – what now?

Mar 112011

I contacted Geico March 1st to pay off an old debt from when I cancelled my policy and was pleasantly surprised when the customer service representative told me no collection agency was involved. We agreed to pay the balance in two equal payments, one this month, one next. And I figured this one was less debt to worry about. Yesterday I received a letter from a CA acknowledging the payment I had just made and demanding the remainder of the balance within two days, so I called Geico again only to be told it looked as though on March 1st (that’s right, the same day!) the account was forwarded to the collection agency and that it was likely the representative I spoke with couldn’t see that in the system yet. So they happily took the rest of the payment and said there was nothing they could do as far as assuring me it wouldn’t be reported in the future.

I don’t know how often it happens that a debt is paid literally at the same time it’s transferred to a CA, but how likely is it that the CA would report? If they choose to report it, do I have grounds for disputing it?

The CA involved is Credit Collection Services. Does anyone have any personal experience with them?

I also got my first successful GW response in the mail yesterday. One step forward, one step back. . . .

March 11, 2011
Posted by jedwan at 2:20 am
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Rebuilding Credit
account, balance, collection, customer, geico-march, payment, remainder, representative, services-does, the-collection, though-on-march, told-it-looked, took-the-rest

Goodwill phone call to GMAC Mortgage today…. And the result….

Jan 242011

It worked!!!Â First I had the representative locate my account, and had her verify the late payment from Feb 2010…Â Then I told her a fictional story of plight that would make Ray Bradbury proud.Â She told me to hold on for a minute, and then she came back saying that it had been ammended and that I would receive a letter in the mail confirming this.Â Thanks Collete!Â I’m not sure how many points I will recover from this one act, but since I’m looking to qualify for a new home loan, and refinance my existing home, this is huge.Â It’s the only late mortgage payment in over 5 years.Â So anybody considering doing a goodwill letter, I would ABSOLUTELY recommend a goodwill phone call first…Â Or two…Â Or three…

January 24, 2011
Posted by admin at 6:08 pm
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Rebuilding Credit
existing, existing-home, fictional-story, goodwill-letter, goodwill-phone, late-mortgage, representative, verify, verify-the-late, will-recover

Nationwide Recovery Collections – Advise Please

Nov 222010

Good Afternoon, I am new to the board and Iâ€™m hoping someone could lead me in the right direction. I have a unpaid collection from 04 on my TransUnion and Experian report from Nationwide Recovery. I disputed the item with both CRA. TransUnion deleted the account the next day. After 30 Days Experian is now reporting that it has been paid/closed. 1) I called Exp. this morning to request a description of how they verified the information and was told that thatâ€™s what the CA reported. 2) I called Nationwide after to see if I could sweet talk them into deleting it off of my report with Exp. and was told that the account is showing unpaid and I still owed them money and they want me to fax over a copy of my whole Credit Report for their records. 3) I then called Experian back to tell them that the CA was showing this as being unpaid and the representative told me that they didnâ€™t hear from the collection agency within the 30 days so they updated the account as paid. (I could have sworn I disputed this as No knowledge of the account). My question is what should I do now? I feel like I might have kicked off the collection again and I would hate for them to put this back on my other two reports. And I unfortunately do not have any original documents for this collection. Should I fax over my Exp. credit report to them? Help please!

November 22, 2010
Posted by admin at 7:40 pm
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Rebuilding Credit
account, credit-report, experian, hoping-someone, morning, Nationwide, now-reporting, records, representative, the-collection

Current Status of Account

Oct 012010

I have an installment account that is paid in full.Â However, the current status of the account is showing 30 to 59 days past due.Â My question is how can an account be 30 to 59 days past due if it is closed.Â I spoke with the representative from the collection agency she said this will remain on my file because the account was 30 to 59 days late whenI made my final payment.Â In the description area they have the account listed as paid in full/zero balance.Â Can someone please shed some light on this because I thought the current status should be either; paid, closed, or pay as agrees since the account is closed and paid in full

my current mortgage account is showing up as a closed account on my credit report

October 1, 2010
Posted by jedwan at 5:23 pm
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Rebuilding Credit
account, account-listed, agrees-since, collection, Current, description, file-because, final, listed-as-paid, representative, someone-please, the-account, the-description

Red Light enforcement ticket PAID! WONT REMOVE – PLEASE HELP!

Aug 302010

I need your advice.. I paid a redlight enforcement ticket that was posted on my credit report.Â I am very upset about this my points dropped -100 and I had no collections before.

The letter they mailed me statesÂ “PLEASE CONTACT US SO YOUR CREDIT RECORD MAY BE CLEARED FOR THESE UNPAID CITATIONS”

So when I called to get them cleared from my report the representative said ” on no we just mark paid it stays on your credit report for 7 years”

But the statement above says it will clear it correct?

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August 30, 2010
Posted by admin at 1:32 pm
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above-says, Advice, credit, paid-it-stays, points, points-dropped, report, representative, statement, the-statement, very-upset, will-clear, your-credit

roadblocks….need advice

Aug 132010

I’ve been working on the negs on my report with some great success, but I’m having issues with 2 accounts. Both are with divisions of AT&T and are in collections with 2 different CAs.

The first CA is EOS CCA. They have sent various settlement offers to me to pay anywhere from 1/3 to 2/3 what is owed. I have absolutely no problem paying the debt in full (now that I am able to) but only request that by doing so they delete their reportings to the bureaus. I’ve had great success doing this exact same thing with 2 other companies (RJM was a cinch), but this company is claiming that they aren’t able to do this. Can anyone give me any further advie on this one? I find it hard to believe that one CA is able to do something that another isn’t. Has anyone had luck with EOS CCA?

The second is CMI (credit management, lp). This is for AT&T home entertainment equipment. It took me awhile (2 years…oops) to figure out what this collection was for. I spoke with AT&T regarding the matter and they are sending me a shipping label to send it back to them in. However, when I inquired about having the collection deleted, the representative explained that it would only be changed to a collection that has been satisfied in full since it has been longer than 100 days. Is this in fact a rule? Is it possible for me possible for me to get more progress in speaking further with CMI?

Any advice would be much appreciated, my husband and I are shopping for homes right now and I’d love to bring my score up so it can be on the mortgage.

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August 13, 2010
Posted by jedwan at 7:01 pm
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Rebuilding Credit
collection, companies, find-it-hard, other-companies, paying-the-debt, problem-paying, reportings, representative, shipping-label

T-Mobile Collection from 2003

Jun 212010

Hello,

I was contacted by a collection agency about a collection from T-mobile. I asked what was the date of this collection and the representative said 06/2003, I am trying to figure out if I should pay it or let it fall off. Since I have been notified about it, will that make it continue to stay on my credit report? I am trying to clean up my credit and I just don’t know if acting on this will hurt me more than help me.

Thanks

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June 21, 2010
Posted by admin at 11:12 pm
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Rebuilding Credit
collection, credit, credit-report, figure-out, know-if-acting, representative, should-pay

CORRECTION and DELETION, How is this going to affect?

May 182010

I have 2 late tradelines reported by TARGET National Bank. The account was opened around AUGUST 2008. On DEC 2009 and JANUARY 2010, I paid late because of unemployment. I sent Target GW and they sent me a promise to delete the tradelines. I disputed the account with my TRANSUNION file and was surprised that instead of removing the late tradelines, the representative told me that the WHOLE ACCOUNT was deleted. Â This has happened to me before with HSBC, instead of late payment records being deleted, the whole account gets deleted, is this suppose to drag me down than help me?

Macy’s removed all my late payment. I was honest about my late payments and they have decided to remove it, given my renewed payment pattern. I receive a letter from them stating that they will grant my GW request, and the TRANSUNION confirmed all late payments have been deleted.Â

Thanks guys!

May 18, 2010
Posted by jedwan at 2:20 pm
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Rebuilding Credit
account, late-payment, late-payments, late-tradelines, records-being, renewed, renewed-payment, representative, suppose, tradelines, transunion

Reinsertion of Deleted item on CR

Apr 212010

An item that was previously deleted from my credit report has been reinserted.Â I contacted the CRA, and the representative told me that the item that was deleted and the item being reported are different account nunmbers.Â The balance was the same, but the account numbers were different.Â I got the copy of my report from when the item was reported and immediately after it was deleted, and it is the exact same account number as being reported now.Â

What are the laws governing reinsertion of items on CR?Â And what means of recourse do I have?Â I am looking for an immediate resolution.Â Will on of the senior contributors please help???

April 21, 2010
Posted by admin at 8:11 pm
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Rebuilding Credit
account-numbers, being-reported, credit, credit-report, laws-governing, number-as-being, report, representative, same-account, senior

NCO called after I sent Validation Letter….

Apr 082010

Here is the story;

I received a call from NCO about 10 days ago, saying that I owe money, I asked the representative to give me info on the account, he said call BofA.

So Isent them a validation letter the day after, got the green card yesterday, but today they left a message on my phone telling me to call them back.

Can they do this, after they got the validation letter?

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April 8, 2010
Posted by admin at 4:37 am
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Rebuilding Credit
account, green, green-card, letter-the-day, owe-money, phone, phone-telling, representative, story, the-account, the-story, validation

Older Entries

Mortgage and Insurance

Debt paid/transferred to CA simultaneously – what now?

Goodwill phone call to GMAC Mortgage today…. And the result….

Nationwide Recovery Collections – Advise Please

Current Status of Account

Red Light enforcement ticket PAID! WONT REMOVE – PLEASE HELP!

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roadblocks….need advice

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T-Mobile Collection from 2003

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CORRECTION and DELETION, How is this going to affect?

Reinsertion of Deleted item on CR

NCO called after I sent Validation Letter….

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