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Just to get it out of the way, it's not a "something else happened" scenario. My gas utility reports to EQ and TU. EQ generally updates the balance monthly for whatever the bill is for the month (TU is more infrequent). Sometimes the same balance will display for a few months, then it will be updated. My balance has recently been reporting as $140 for the past several months. Now it has updated on EQ to $39, which is a 72% decrease. As a result, my EQ04 dropped 12 points and my EQ08 dropped 7 points. Does anyone know if there are any FICO intricacies that would cause an inverse relationship between balance and score on utility accounts specifically? This makes absolutely no sense to me.
Here is one for you
bmfmustang posted a topic in Credit ForumMoved out, forgot to return equip to company. Sent to midland for collection. I returned equipment with 109 dollar balance. How do I make sure ca is recalled if OC willing to take payment?
hello, im new here, trying to clean up my credit because i want to buy a house soon. the only really bad mark i have on my reports is an unpaid utility bill that i stopped paying on in 2009. this was with an electric company serving in the chicagoland area known as ComEd, short for Commonwealth Edison. this showed up years ago on my reports as owned by a different collection agency (i cant remember their name now) and is now (or at least as of April of this year when i last got my reports) is showing up as being held by "Contract Callers Inc." it is not scheduled to drop off the reports until 2016, and i really don't want to keep renting until then. I have heard that people can have some luck doing the pfd thing with collections that are due to utility bills, and other things that dont normally get reported (monthly reported for acounts in good standing) mainly my question is what should i do here? here the three main suggestions i have gotten from people: 1) request validation from collection agency 2) try to pay the original creditor - then request they have the record pulled if they dont pull the record then after paying oc, tell the ca to validate and they probably drop it 3) pfd the collection agency this "debt" is only $249 so i really dont mind spending the money to get it DELETED from my reports. but it seems, as far as i can tell, worthless, if not damaging to pay just to get it updated to "paid" or "settled" as it's my understanding that if i did that, it would remain on my reports for up to 7 years from the date of payment. i look forward to working with you all, whoever has the time and experience to help me out on this and a few other issues i have. this is probally the most damaging mark i have on my reports at the time, and i really want to get it gone.
pay for delete process
mike00 posted a topic in Credit Forumhello, im very confused as i read different things as to "the right way" to go about this process. i have a utility bill in collections. ?#1 - do i pfd the oc or the ca? ?#2 - should i tell them to validate it? ?#3 - if i pay the oc, will the ca have to delete the report entry, or do they just have to reflect a $0 balance? any comments, preferably people with their own sucess stories doing this, are more than welcome.
Pls Critique my DV letter for CBE group
alashi posted a topic in Credit ForumHi below is my DV letter to CA (CBE group). I have the account paid in 2011, and that was a Utility bill for $ 120. It is reporting on Transunion and Equifax as a PAID negative account. I am in market for to buy a house and want to get rid of this negative account on my reports.Please critic the letter and also should I send a Jack Attack letter to CRA??. Your commets and suggestions are valuable.Please help. My Name 1111 St Address City AA 55555 THE CBE GROUP INC 131 TOWER PARK DR PO BOX 900 WATERLOO, IA 50704 Date: 07/10/2013 CERTIFIED MAIL #: Re: Acct #*********/ Dominion Electric II Dear Collector, This is to inform you that I've recently pulled my credit report and noticed that there's a collection from your agency on my credit report. I have never been notified of this collection. I am NOT writing to request any type of refund. If you are unable to validate, I simply would like the collection removed from the credit reporting bureaus (Transunion & Equifax). Be advised that this is a notice sent pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 ( that your claim is disputed and validation is requested. This Notice is an attempt to correct your records, and any information received from you will be collected as evidence should any further action be necessary. This is a request for information only, and is not a statement, election, or waiver of status. This is NOT a request for “verification” or proof of my mailing address, but a request for FULL MEDIA VALIDATION made pursuant to the above named Title and Section. I respectfully request that your offices provide me with competent evidence that The account is valid, The amount that allegedly was owed is accurate I had a contractual obligation to pay Debt Collection Company Name for this alleged debt Signed application between myself and the original creditor Copies of all signed vouchers from the date account was opened until default Copies of all statements from the date account opened until default Proof of agreement that you were hired by the Original creditor (creditor as defined by the FDCPA) or A copy of the contract Debt Collection Company Name purchased the alleged debt. If the alleged debt was purchased, provide a copy of an agreement between Debt Collection Company Name and myself, signed by me, stating that I have a contractual responsibility to Debt Collection Company Name for the alleged debt Provide proof that Debt Collection Company Name is bonded/Licensed for debt collecting If your offices are able to provide all of the validating media as requested, I will require at least 30 days to investigate this information. I am also stating, in writing, that no telephone contact be made by your offices. All future communications with me MUST be done in writing and sent to the address noted in this letter by United States Postal Service. Best Regards, My Name (Typed)
Not sure what to do with this one...
LearningToFly posted a topic in Credit ForumNever had anything like this happen before so need some guidance. I moved late last year and forgot to make a final payment to a utility. A couple of months ago, I remembered I had an outstanding balance and made the payment with the utility online. Flash forward to today: Fox Collection (who I have a couple of med collections with) has put a collection on my EX for the utility bill. Since I had already paid the utility, is there something other than standard DV I should do? Thanks in advance for any suggestions.