spjunkies Posted June 18, 2005 Share Posted June 18, 2005 Hey dudes I just paid off a bill that I hadd no idea I had because I moved from my previous address and I did not have my mail forwarded, how long will it take to get this crap off pf my report and how ,much will it improve my score? Link to comment Share on other sites More sharing options...
stevenaa Posted June 18, 2005 Share Posted June 18, 2005 You can dispute the record with each of the credit bureaus. This can be done online. Just dispute that you never got a bill, and paid in full as soon as you did. In the case of such a small bill, and because you paid in full, they probably won't even respond to the credit bureaus inquiry. They have 30 day, I think. If that happens, it will be completely removed, and your score will go up. Link to comment Share on other sites More sharing options...
spjunkies Posted June 18, 2005 Author Share Posted June 18, 2005 Thanks so much for the respnse. One more question, I'm having trouble getting an apartment I want because of this, is there any way I can let them know the debt has been paid? I know my score won't jump up right now but I really want this place and I don't know what to do. Link to comment Share on other sites More sharing options...
spjunkies Posted June 18, 2005 Author Share Posted June 18, 2005 Just a little goodnight bump. Link to comment Share on other sites More sharing options...
stevenaa Posted June 18, 2005 Share Posted June 18, 2005 If you paid by check, use your canceled check. You can also have the company send you a final bill showing the amount paid in full. Link to comment Share on other sites More sharing options...
Grumpy Vet Posted June 18, 2005 Share Posted June 18, 2005 How did you find that free credit report.com? Did you have to give a CC number or agree to all sorts of nonsense? I'd be curious to check our credit as well. Link to comment Share on other sites More sharing options...
Doozinbrah Posted June 18, 2005 Share Posted June 18, 2005 I just had the same problem and I paid off all the debt I had and in a week it was shown on my credit report as paid. Now I just have to work on getting my credit to a good status. The apartment I am going to move into is making me put down a deposit of the monthly rent . So I am assuming you may be able to do the same. Link to comment Share on other sites More sharing options...
iheartskins Posted June 18, 2005 Share Posted June 18, 2005 Originally posted by Grumpy Vet How did you find that free credit report.com? Did you have to give a CC number or agree to all sorts of nonsense? I'd be curious to check our credit as well. I just went through the process GV about five minutes ago. It's quick, but you have to wait several days for their mailing to reach you which is pretty annoying. It's free for 30 days, and then they charge you $12 a month. Seems worth it especially because cancellation can be so quick. Link to comment Share on other sites More sharing options...
RonJeremy Posted June 21, 2005 Share Posted June 21, 2005 It takes 10 years for a collection, judgement, or bankruptcy to be removed from your credit unless you can prove it was placed on your credit report in error. Sorry, but because you moved doesn't usually count as a legit reason. You have an obligation to notfiy any creditors of a change of address. The only reasons typically to get a collection account, etc. removed is if: 1) The bill wasn't yours to begin with, so it shouldn't be on your report. 2) You paid the bill and the creditor didn't process the payment correctly. So, reporting it as a collection is an error by the creditor. What you can do is get proof that the bill was paid and keep a copy of it because you will have to answer why it wasn't paid for awhile. Sorry to be the bearer of bad news. To raise that credit score you need to establish some more credit and use it wisely. Two open accounts and one of them being a collection = bad credit score. You may have to do a "secured" credit card...:2cents: Link to comment Share on other sites More sharing options...
Beaudry Posted June 21, 2005 Share Posted June 21, 2005 Originally posted by RonJeremy It takes 10 years for a collection, judgement, or bankruptcy to be removed from your credit unless you can prove it was placed on your credit report in error. Sorry, but because you moved doesn't usually count as a legit reason. You have an obligation to notfiy any creditors of a change of address. The only reasons typically to get a collection account, etc. removed is if: 1) The bill wasn't yours to begin with, so it shouldn't be on your report. 2) You paid the bill and the creditor didn't process the payment correctly. So, reporting it as a collection is an error by the creditor. What you can do is get proof that the bill was paid and keep a copy of it because you will have to answer why it wasn't paid for awhile. Sorry to be the bearer of bad news. To raise that credit score you need to establish some more credit and use it wisely. Two open accounts and one of them being a collection = bad credit score. You may have to do a "secured" credit card...:2cents: It's my understanding that it is better to have a paid collection han an active collection. I think your credit score is mostly determined by your last 9 months or so. If somebody has a bad history but shows good history for 9 months, their score becomes acceptable. Link to comment Share on other sites More sharing options...
illone Posted June 21, 2005 Share Posted June 21, 2005 Just for future reference, here is the "credit scoring model". FICO Score calculations: 35% payment history 30% Amount you owe 15% Length of credit history 10% new credit 10% type of credit. What does this all mean? Pay your bills on time, keep credit cards below 20% of their limit amount, don't close accounts you have had for 12 months or more, and don't have many of the same types of accounts. i.e. too many credit cards, or five car loans and no credit cards. Here is the information you will need to dispute the information on your credit report: EXPERIAN PO BOX 2002 Allen, TX 75013 888.397.3742 www.experian.com TRANSUNION PO BOX 1000 Chester, PA 19022 800.888.4213 www.transunion.com EQUIFAX PO BOX 740241 Atlanta, GA 30374 800.685.1111 www.equifax.com What you want to do is open up an investigation on the accounts that are in dispute. It then becomes the bureau's responsibility to contact the debtor and either certify that the information is true or deem it false within 30 days. If no response in 30 days, it is removed. Best of luck in your search for a home. I know it's tough, but at least now you know what you have to do! You may try writing a letter of explanation to the landlord and showing them that the account is under dispute. Worth a try. It's worked for me in the past. Link to comment Share on other sites More sharing options...
illone Posted June 21, 2005 Share Posted June 21, 2005 Hey spj, I just looked at your credit report. You need to obtain a car loan and a credit card ASAP. The main reason your score is low is because you don't have any debt. Companies will consider you a high risk until you show somewhat of a credit history. Take it easy! Let me know if you need any more help. Steve Link to comment Share on other sites More sharing options...
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