Thank you SO MUCH for your help! eom

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Posted by pecd on October 27, 2000 at 15:12:18:

In Reply to: Re: *Who* has the authority to remove something from my credit report?? posted by CardReport.Com on October 27, 2000 at 03:07:07:

: First of all, the charge-off is the original phone
: service account with the phone company. Only they
: could order it removed, and they are probably *not*
: going to be interested in doing that, since they
: are finished with the debt. The collection agency
: does *not* have the ability to remove or change
: the original charge-off.

: Gulf State Credit may have separately reported this
: debt as a "Collection Account," and they can change
: or even delete that item if they really want to.
: But the usual thing is for a collection account to go
: from "Unpaid" status to "Paid" status, and should
: then be scheduled to expire seven and a half years
: after the date of the original deliquency with the
: original creditor (the fact that Gulf State bought
: it does *not* give them any legal right to re-age
: the item.)

: Creditors and collection agencies are resistant to
: removing items from credit reports in exchange for
: payment, because their contracts with the credit
: bureaus may have restrictions against this sort of
: thing. The credit bureaus want the true negative
: info, without debtors being able to negotiate/buy
: their way out of it. A major reason is that such
: deletions could cause the consumer to appear to be
: less statistically risky than s/he is, thus reducing
: the usefulness/value of the information that the
: bureau sells to future prospective creditors.

: If you are going to attempt to negotiate with a
: collection agency for "removal" in exchange for
: payment, the approach to take would be to try to
: get them to agree to simply fail to confirm the
: item if/when you later dispute it with the credit
: bureaus.

: Regarding dealing with Experian: Just saying that
: you never received the bills will *not* be considered
: grounds for disputing the charge-off or the
: collection account. The only viable dispute would
: be that you feel you never owed this money in the
: first place, or that you paid off the account before
: it became a charge-off, or that it isn't yours at
: all.

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: : First of all, the charge-off is the original phone : : service account with the phone company. Only they : : could order it removed, and they are probably *not* : : going to be interested in doing that, since they : : are finished with the debt. The collection agency : : does *not* have the ability to remove or change : : the original charge-off. : : Gulf State Credit may have separately reported this : : debt as a "Collection Account," and they can change : : or even delete that item if they really want to. : : But the usual thing is for a collection account to go : : from "Unpaid" status to "Paid" status, and should : : then be scheduled to expire seven and a half years : : after the date of the original deliquency with the : : original creditor (the fact that Gulf State bought : : it does *not* give them any legal right to re-age : : the item.) : : Creditors and collection agencies are resistant to : : removing items from credit reports in exchange for : : payment, because their contracts with the credit : : bureaus may have restrictions against this sort of : : thing. The credit bureaus want the true negative : : info, without debtors being able to negotiate/buy : : their way out of it. A major reason is that such : : deletions could cause the consumer to appear to be : : less statistically risky than s/he is, thus reducing : : the usefulness/value of the information that the : : bureau sells to future prospective creditors. : : If you are going to attempt to negotiate with a : : collection agency for "removal" in exchange for : : payment, the approach to take would be to try to : : get them to agree to simply fail to confirm the : : item if/when you later dispute it with the credit : : bureaus. : : Regarding dealing with Experian: Just saying that : : you never received the bills will *not* be considered : : grounds for disputing the charge-off or the : : collection account. The only viable dispute would : : be that you feel you never owed this money in the : : first place, or that you paid off the account before : : it became a charge-off, or that it isn't yours at : : all.

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