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Started By
Message
Getting a credit card in collections deleted of my credit report.
Posted on 3/28/14 at 10:51 am
Posted on 3/28/14 at 10:51 am
Have any of yall had any luck getting a credit card that has been turned into collections deleted off of your credit report.My wife had ran up a credit card in college to help pay for some stuff and didnt have money to pay on it,well we are trying to buy a house and its hurting her score.Its only 3k dollars so I was going to pay it off but Citi dosent want to delete it,Is it simply talking to the right person at Citi or a company policy.Thanks
5
Posted on 3/28/14 at 10:54 am to tigrbaseball
Posted on 3/28/14 at 10:55 am to Will Cover
Its in collections but the collections company says the Citi still own the accout and they would have to delete it.
Posted on 3/28/14 at 11:00 am to tigrbaseball
quote:
My wife had ran up a credit card in college to help pay for some stuff and didnt have money to pay on it,well we are trying to buy a house and its hurting her score.Its only 3k dollars so I was going to pay it off but Citi dosent want to delete it,Is it simply talking to the right person at Citi or a company policy
Not trying to be a dick, but why should they??? She defaulted on her debt and has to pay the consequences. Negative credit scores are a result of that.
Why don't you just put the house in your name?
Posted on 3/28/14 at 11:17 am to tigrbaseball
7 years.
Posted on 3/28/14 at 1:46 pm to tigrbaseball
Send a certified letter explaining your situation and tell them you want a certified response stating if paid in full then it will be deleted. If they don't agree then you just have to suck it up. Paying it now will not help you out any if they don't agree to delete the debt. Best of luck.
Posted on 3/28/14 at 7:05 pm to ThatsAFactJack
quote:
Send a certified letter explaining your situation and tell them you want a certified response stating if paid in full then it will be deleted. If they don't agree then you just have to suck it up. Paying it now will not help you out any if they don't agree to delete the debt. Best of luck.
Some companies are reluctant to put anything in writing because technically they're supposed to report accurately. They could delete the whole trade line though. Depending on how old it is, you may be better off not paying if they won't delete it. However, it may help to pay it off anyway as that revolving debt is probably counting against your revolving debt utilization. Plus, it would look better to the mortgage company to have a paid in full negative account rather than one with that big of an unpaid balance.
Posted on 3/28/14 at 7:59 pm to tigrbaseball
Fight fight fight until you get a pay for delete. They can do it if they want don't let them tell you they can't.
Posted on 3/30/14 at 7:51 am to Bob Sacamano
Yep, frick em...whats the reason to pay it if they won't work with you? If I were going to have to suffer for 7 years, frick em if they cant take the time to delete it.
This situation is frustrating to me. I can see your credit begin effected while your were in default, but a company has a lot of incentives somehow if they aren't interested in collecting. Shouldn't your credit be cleared if you pay something in FULL from past mistakes, especially if they still hold the account in house.
I can't imagine telling a customer in my businesses that I won't work with them if they are paying me an accounts receivable in full!
This situation is frustrating to me. I can see your credit begin effected while your were in default, but a company has a lot of incentives somehow if they aren't interested in collecting. Shouldn't your credit be cleared if you pay something in FULL from past mistakes, especially if they still hold the account in house.
I can't imagine telling a customer in my businesses that I won't work with them if they are paying me an accounts receivable in full!
Posted on 3/30/14 at 10:12 pm to GeeOH
Imagine having to give the collection agency 1/3 of your AR. Even if the debt is paid in full, the credit card company will only see 2/3 of that.
Now, imagine working with a client, knowing you're only getting 2/3 of what you agreed on. If you can't pay, the time to work a deal is before it's turned over to collections. At that point, you've screwed up again by waiting so long.
Now, imagine working with a client, knowing you're only getting 2/3 of what you agreed on. If you can't pay, the time to work a deal is before it's turned over to collections. At that point, you've screwed up again by waiting so long.
Posted on 3/31/14 at 11:50 am to Will Cover
I'm actually working on a current situation that is really freaking annoying:
-Visited a doc out of town who invoices me
-Invoices sent to an old address, never received...
-Upon discovery, paid directly to doc immediately
-Was turned to collections, and now sits on credit report even though entire bill (less than $120) was paid in full to original creditor
Any chance the collection company removes this garbage?
-Visited a doc out of town who invoices me
-Invoices sent to an old address, never received...
-Upon discovery, paid directly to doc immediately
-Was turned to collections, and now sits on credit report even though entire bill (less than $120) was paid in full to original creditor
Any chance the collection company removes this garbage?
Posted on 3/31/14 at 12:49 pm to Lombardi44
The op was talking about payment in full! I'm pretty damn sure I'd take full payment and give the agreed amount to the collection agency (100% write off).
I would imagine the card co could charge a 10% "credit repair fee" and this op would gladly pay if something lime home buying is in his future.
I would imagine the card co could charge a 10% "credit repair fee" and this op would gladly pay if something lime home buying is in his future.
Posted on 3/31/14 at 1:04 pm to Shankopotomus
quote:
-Visited a doc out of town who invoices me
-Invoices sent to an old address, never received...
-Upon discovery, paid directly to doc immediately
And this is a reason I can get behind something being taken off of a credit report.
I still don't agree with someone fricking up and then later on when they need something being able to immediately be made whole.
Posted on 3/31/14 at 1:58 pm to Lsut81
quote:
I still don't agree with someone fricking up and then later on when they need something being able to immediately be made whole.
Ya, considering that doing so pretty much makes their most valuable risk aversion tool effectively pointless, I think you have a good point.
This post was edited on 3/31/14 at 1:59 pm
Posted on 3/31/14 at 2:01 pm to Teddy Ruxpin
quote:
makes their most valuable risk aversion tool effectively pointless
Exactly... Whats the fricking point of a credit score if anything you've done that negatively affects it can be bought off?
Posted on 3/31/14 at 3:27 pm to Lsut81
exactly.
I suppose I was just wondering if anyone had any experience with something similar since the collection agency didn't actually do shite but they are still listed on my credit report...
I suppose I was just wondering if anyone had any experience with something similar since the collection agency didn't actually do shite but they are still listed on my credit report...
Posted on 3/31/14 at 3:32 pm to Shankopotomus
You situation is different. The OPs SO simply chose not to pay because times were tough.
She chose not to pay so why should the company cooperate? There's no point to risk aversion if the proper information isn't delivered to a potential creditor.
She chose not to pay so why should the company cooperate? There's no point to risk aversion if the proper information isn't delivered to a potential creditor.
Posted on 3/31/14 at 3:32 pm to Shankopotomus
quote:
I suppose I was just wondering if anyone had any experience with something similar since the collection agency didn't actually do shite but they are still listed on my credit report...
No clue... I've had multiple issues with insurance/doctors not being able to get paperwork and billing correct and I just end up paying it out of pocket because I don't want to risk it going on my report.
I frickING HATE INSURANCE AND DOCTORS
Posted on 3/31/14 at 3:47 pm to VABuckeye
I know...but I figured my question was related so I would post it here rather than start a new thread
OP wants some sort of magic solution which goes against the very reason credit reports were created IMO
That being said, good luck to him I guess...
OP wants some sort of magic solution which goes against the very reason credit reports were created IMO
That being said, good luck to him I guess...
Posted on 4/1/14 at 8:30 am to Shankopotomus
quote:
I suppose I was just wondering if anyone had any experience with something similar since the collection agency didn't actually do shite but they are still listed on my credit report...
Shank, I had a very similar incident. My son had dentist work and for whatever reason there was a balance owed after they got with insurance. That bill was sent to my ex-wife's address and come to find out it was an old address. So, not only did I get it but neither did she. It went to collections.
I called the dentist's office and asked if I could pay them and they were willing to do that. I then paid them in full immediately then went to all 3 credit bureaus online and filed reports with them. I gave specifics and phone numbers to dentist and told them the whole story. They all did their investigations (made a few phone calls) and took it off my credit reports.
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