Disputing Negative Credit Items - Chicagoland Sportbikes
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post #1 of 87 (permalink) Old 11-28-2006, 10:56 AM Thread Starter
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Disputing Negative Credit Items

I have 2 negative credit items left on my credit report. Here's the details.

1st one:

Opened:
02/2001
Reported Since:
02/2001
Date of Status:
07/2002
Last Reported
07/2002

2nd one:

Opened:
08/2001
Reported Since:
11/2004
Date of Status:
11/2004
Last Reported
11/2004


My first question is when can I expect these to expire from my credit report?

Second, I'm going to try to dispute them to see if I can get them to come off sooner. What is the reason that I should give? On experian's website it offers a few options like "Account paid in full", "No knowledge of account" etc...

Is it worth attempting to dispute? I'm going to be applying for a mortgage loan in the next 6 months most likely and I would like my credit to be completely clear.

Thanks for any help!
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post #2 of 87 (permalink) Old 11-28-2006, 11:01 AM
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Yes dispute them and do it now, this is a great time of year to do it. as many people are being turned down for credit applications due to to the holiday shopping season and they will all be flooding the credit bureaus with inquiries. The credit bureau has 30 days to respond with information relating to your dispute, if they do not they are supposed to clear it. with them swamped its a good time to get lucky.




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post #3 of 87 (permalink) Old 11-28-2006, 11:02 AM
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they fall off after 7 years.

they just don't delete them for nothing.



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post #4 of 87 (permalink) Old 11-28-2006, 11:04 AM Thread Starter
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Originally Posted by Odysseys View Post
they fall off after 7 years.

they just don't delete them for nothing.
7 years from when? Date opened?

Also you can have them taken off if you dispute and someone screws up and everything isn't taken care of in 30 days. It's worth a shot
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post #5 of 87 (permalink) Old 11-28-2006, 11:05 AM
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Dispute them now! Yes they "can" stay on for 7 years, but sometimes when you dispute them they will be deleted. Its 7 years from the first negative credit. Meaning if you have a 30 day late in June 2000, then in June 2007 it will fall off automatically.

I just did a few on mine from 5 years ago. I had an auto loan right out of college that I was late on one payment, so on my credit it showed a 30 day late. Anyways, I ran my credit a few weeks ago and disputed them and they were deleted. My credit is now excellent.

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post #6 of 87 (permalink) Old 11-28-2006, 11:06 AM Thread Starter
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Originally Posted by ChgoRRGuy View Post
I just did a few on mine from 5 years ago. I had an auto loan right out of college that I was late on one payment, so on my credit it showed a 30 day late. Anyways, I ran my credit a few weeks ago and disputed them and they were deleted. My credit is now excellent.
What reason did you give for disputing?
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post #7 of 87 (permalink) Old 11-28-2006, 11:07 AM
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I had some cell phone collections from a business we sold years back, the acconts never got switched over correctly. needless to say it came up when I went to get a mortgage. I disputed them, they didnt get back to me in time, they deleted them after I confronted them about it. Done and clear.




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post #8 of 87 (permalink) Old 11-28-2006, 11:12 AM
 
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if you can, dispute the addresses that they belong to... as not mine, then after that is done, and the addresses are gone, dispute the tradeline as not mine... or just dispute the tradeline as not mine and role the dice... getting the address off that they are linked to usually always works foor me, when i do it for customers. is it just a collection? or a credit card? or what?
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post #9 of 87 (permalink) Old 11-28-2006, 11:12 AM
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Quote:
Originally Posted by Keyhole View Post
What reason did you give for disputing?
I did the one saying something like "I didn't make a late payment". Are yours credit cards? My gf had the same thing just with a credit card that said she was 60 days late back in college and she got it cleared up, even though she was.

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post #10 of 87 (permalink) Old 11-28-2006, 11:14 AM Thread Starter
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One is a collection agency.

The only options I have from Equifax are "This item does not belong to me" & "I paid this account in full before it was sent to collection"

The other is a credit card.
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post #11 of 87 (permalink) Old 11-28-2006, 11:16 AM
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Collection Agencies are a tad tougher. You have to contact them and see what you can work out. If the account has been paid in full, they might delete it off for you. If they are unwilling, dispute it through the credit agency.

I'd use the second option, as long as it isn't a complete lie.

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post #12 of 87 (permalink) Old 11-28-2006, 11:18 AM
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Hit up Gixx as she may have other ways for you to take care of the items....

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post #13 of 87 (permalink) Old 11-28-2006, 11:28 AM
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If it was paid in full file it as that. Who cares about the 'when' if the money was paid.

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post #14 of 87 (permalink) Old 11-28-2006, 12:17 PM
 
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Quote:
Originally Posted by Keyhole View Post
One is a collection agency.

The only options I have from Equifax are "This item does not belong to me" & "I paid this account in full before it was sent to collection"

The other is a credit card.
does not belong to me...
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post #15 of 87 (permalink) Old 11-28-2006, 12:19 PM
 
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Quote:
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If it was paid in full file it as that. Who cares about the 'when' if the money was paid.
score goes up more for delete... if you can get it off... why not? they will update it as paid automaticly if they dont delete it.
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post #16 of 87 (permalink) Old 11-28-2006, 12:21 PM
 
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Collection Agencies are a tad tougher. You have to contact them and see what you can work out. If the account has been paid in full, they might delete it off for you. If they are unwilling, dispute it through the credit agency.

I'd use the second option, as long as it isn't a complete lie.

dont call them... that is consider validating the account and they will note the account and never delete till the seven year mark... just dispute it as not mine... you arent lieing if you dont remember being late, or if you dont remember the account... pretend your the president...
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post #17 of 87 (permalink) Old 11-28-2006, 12:22 PM
 
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Hit up Gixx as she may have other ways for you to take care of the items....
while gix has some good info, she cant help...
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post #18 of 87 (permalink) Old 11-28-2006, 12:33 PM
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/\ yea definatly gets higher if its deleted.

get a letter from the collection agency. If its an error obviously they cant charge you with it. Fax or mail copies of the letter to the 3 bureaus and or there is a thing called a "rapid-rescore" which costs but it gives you a new credit score within 5 days. Alot less headache to, you give them the money and letters and they do the rest.

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post #19 of 87 (permalink) Old 11-28-2006, 12:36 PM
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dont call them... that is consider validating the account and they will note the account and never delete till the seven year mark... just dispute it as not mine... you arent lieing if you dont remember being late, or if you dont remember the account... pretend your the president...
Does the type of dispute you file carry the legal stipulations of "Under penalty of perjury..." ? If it does is that then considered 'lying to a Bank Official', or does it stay well outside that slippery slope?

Asking because I honestly don't know....

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post #20 of 87 (permalink) Old 11-28-2006, 12:53 PM
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First, if he paid the collection, calling the agency and asking to have them to delete it is his best option. If he hasn't paid it, he still needs to contact them so he can get it resolved. Calling the collection agency in no way is an admition that the debt is valid.

Arch- No it isn't perjury, since it can't be proved that you honestly didn't know when you disputed it. All disputing does is force the debt collector to produce evidence that it is in fact your debt and to supply you with copies of that documentation.

+1 to the rapid rescore, it does work. However the collection agency should send the deletion order directly to the credit bureau it first reported the collection to.

To go back to the issue, just dispute everything you want, and you never know what will come off. I would dispute all negative items.

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post #21 of 87 (permalink) Old 11-28-2006, 01:01 PM
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Quote:
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while gix has some good info, she cant help...

wtf is that supposed to mean??? I think anyone with good info is helpful to the person. In my eyes, that would be helping someone.

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post #22 of 87 (permalink) Old 11-28-2006, 01:12 PM
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wtf is that supposed to mean??? I think anyone with good info is helpful to the person. In my eyes, that would be helping someone.
It sounded to me as if he was saying you can't physically do anything yourself, as in you can't do it for him.
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post #23 of 87 (permalink) Old 11-28-2006, 01:46 PM
 
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I'll give him credit....

Quote:
Originally Posted by ChgoRRGuy View Post
First, if he paid the collection, calling the agency and asking to have them to delete it is his best option. If he hasn't paid it, he still needs to contact them so he can get it resolved. Calling the collection agency in no way is an admition that the debt is valid.

Arch- No it isn't perjury, since it can't be proved that you honestly didn't know when you disputed it. All disputing does is force the debt collector to produce evidence that it is in fact your debt and to supply you with copies of that documentation.

+1 to the rapid rescore, it does work. However the collection agency should send the deletion order directly to the credit bureau it first reported the collection to.

To go back to the issue, just dispute everything you want, and you never know what will come off. I would dispute all negative items.

I agree with everything you posted except I was told not to contact the collection agency. Basically because it just gives them the chance to update everything and your "7 years" starts from the point of update. Something to that effect. But I have had friends that basically started to dispute everything and little by little things are falling off.
I think the best thing is if you dispute and it's legitimate at least you know where you stand and can start to repair your credit. Other than that - FIGHT THE POWER!
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post #24 of 87 (permalink) Old 11-28-2006, 02:27 PM
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I agree with everything you posted except I was told not to contact the collection agency. Basically because it just gives them the chance to update everything and your "7 years" starts from the point of update. Something to that effect. But I have had friends that basically started to dispute everything and little by little things are falling off.
I think the best thing is if you dispute and it's legitimate at least you know where you stand and can start to repair your credit. Other than that - FIGHT THE POWER!
It's 7 years from the date it was first reported on your credit report.

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post #25 of 87 (permalink) Old 11-28-2006, 02:34 PM
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Quote:
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while gix has some good info, she cant help...
Then who on here can? He was asking for INFO, he wasn't asking anybody to fix it or anything...and in threads involving credit, I just skip right to Gixx's posts.

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post #26 of 87 (permalink) Old 11-28-2006, 02:56 PM
 
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It's 7 years from the date it was first reported on your credit report.
So with this contacting the collection agency is an alright thing?
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post #27 of 87 (permalink) Old 11-28-2006, 03:00 PM
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Hell yeah!!!

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Then who on here can? He was asking for INFO, he wasn't asking anybody to fix it or anything...and in threads involving credit, I just skip right to Gixx's posts.


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post #28 of 87 (permalink) Old 11-28-2006, 03:01 PM
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So with this contacting the collection agency is an alright thing?

As far as the date thing goes, yes. They can change the status as often as they like, the date that it was first added to your credit report, won't change on the tradeline, and that is the date the CB's must go by when you ask them to remove a 7 or more yr old tradeline from your report.

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post #29 of 87 (permalink) Old 11-28-2006, 03:13 PM Thread Starter
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Gixx helped me out via PM. I've got the ball rolling with each credit agency.

Thanks again!
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post #30 of 87 (permalink) Old 11-28-2006, 03:30 PM
 
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Does the type of dispute you file carry the legal stipulations of "Under penalty of perjury..." ? If it does is that then considered 'lying to a Bank Official', or does it stay well outside that slippery slope?

Asking because I honestly don't know....

well, its a gray area... they can say you remember... and no, i wouldnt think you perjur yourself... they arent government entities... and nobody is swearing on a bible...besides, they get sued every stinkin day for their own violations...
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