Surprise Negative tradeline
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Posted by Mike
on February 12, 2002 at 20:37:38:
I ordered my credit reports for anuual review. Surprise! Negative tradelines in TU and Experian from two different collection agencies (Inovision in TU and Marlin Integrated Capital) for the same debt from 1995 in New York. I checked the agencies on the web and they are associated (says so on their web pages which look exactly the same too). I don't recall this owing debt. The original creditor is Con Edison. I remember paying them before I moved. I remember going to their office and paying. I don't have any receipts with me after nearly 7 years. The amount is a paltry $147. I am in the process of buying home soon and this is total shock. The tradeline says last activity 11/95 and date reported 01/2002. I got my reports regularly since 1998 and this is the first time this appeared. I have no delinquent notices from anyone regarding this. They waited almost 7 years to report!! I thought of calling the agency and asking them to do either of the following: 1. I will pay immediately IF they agree to remove the tradelines completely. I would need written agreement before sending payment. 2. I ask them to prove that I owe the debt. OR 3. Dispute with the credit bureaus. I wasn't sure which is the best option. I can very easily pay the "debt". I am desperate to avoid this problem as it may knock my score down and there by creating problems with my mortgage. I was given a score of 647 by one of the bureaus. What should I do?
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