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contact the credit bureau and make sure there are no new fraudulent charges on it

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โˆ™ 2007-04-28 22:06:48
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Q: If the date of last activity on a credit card collection for you is May 2002 why is it currently showing 90-120 days late?
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Will paying a collection account improve your credit?

It will, as long as the collection's date of last activity is within the last 6 months. Paying a collection resets the date of last activity and may wind up hurting your credit score. It is better to have an old collection with a balance than a new collection without a balance.


Can a collection be put on credit report before they talk to you?

Type your answer here... do u know how much price of hny currently


Can i apply for credit card if you have paid collection account on your history?

Yes. They will also consider how much debt your currently have and how you are paying your other current obligations as well. Just having a past paid collection will not hurt your chances in getting a credit card.


If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?

No the collection will not be removed from the credit report. They will show it paid in full.


How can you mend your credit after a paid collection?

Only the credit bureaus the collection agency can remove a collection from your credit report. The collection agency won't do it now since it is paid and they have no reason to. You can dispute it to the credit bureaus and ask for verification on the account. They will have 30 days to verify the items or it must be removed from your credit report.


How do you find out from a collection agency who sent you to them for collection when you never was notified that you were in collection you discovered it on your credit report?

File a dispute with the credit reporting agency.


Does the date of last activity on a credit card debt collection mean the last time the card was used or the last payment that was made on the account?

Which ever is the most recent would be the date of last activity.


How do collection accounts affect your credit score?

== == Collection account are 20% of the total credit score module.


Does transferring a debt to another collection agency exend the time it appears on credit report?

No! You need to be careful if considering paying the collection agency. At that point it will start the 7 years entry. Bad credit remains on a credit report 7 years from the last date of activity, in other words, the date you make a payment. Make sure you negotiate a deletion prior to paying any collection account. Source: Credit Bible by Phil Turner.


How long does an unpaid long distance bill stay on your credit?

If the bill is turned over to a collection agency, it can remain on your credit for seven years from the date of last activity. ----------------------------------------- That is correct - 7 years. It can come off if you hire a credit attorney, though.


Can a collection agency for a parking ticket be put on your credit report?

It wount be a collection aggency. But the city can put a judgment on your credit report that will effect your credit score.


What does a credit department do in a bank?

credit department handles the credit granting, credit collection and credit limits of their applicants


Do you have to dispute an error on your credit report to ALL 3 credit bureaus?

If the error is showing on all 3 then yes, you have to dispute to each individual credit bureau. If it is only showing on 2, then you just dispute the 2 it is showing on.


A 5 year old PAID collection shows up on my credit report and they refuse to remove it is this legal?

Items can stay on your credit for 7 years after it's last activity date - even if it's a paid debt.


I paid a collection account off in full and it is showing refinanced or renewed. Is this good?

No it is not good. Any negative entry on your credit reports is a bad thing and can affect your score.


In accounting what is the difference between debit and credit?

A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.


How do you get rid of a collection agency and clear your credit for something that is past the statute of limitations?

One thing you can do it contact the credit reporting agency that is showing it andtell them you want to dispute it. They have a number of days, 90I think, to send you a form and follow up.


Can an unpaid ambulance bill hurt your credit?

Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.


How long does a collection item stay on your credit report?

Typically seven years after the debt is resolved. * Seven years from the date of last activity (DLA) of the account or when the account went into default and became a negative entry on the credit report.


How many times can a collection agency inquire on your credit report?

Unless you have given a collection agency written permission to pull a full credit report they are in violation of credit laws.


How do I remove a collection item on my credit report that was disputed but not removed?

Only the collection agency or the credit bureaus can remove a collection off a credit report. You can negotiate the removal of the collection off the credit report upon final payment of the debt owed. Some collection agencies have policies against this, some don't. You can also redispute it to the credit bureaus as many times as they will let you. It has a higher chance of being removed if it is paid off and an older account.


Can a collection agency put a collection on your credit even though you have a police report showing the car accident was not your fault?

Collection agencies only care about one thing...collecting money. More info is needed to answer this question but if this is a medical collection, you need to find out why your insurance company did not pay it. You are allowed to write to the Credit Bureau(s) and attach a comment that other creditors will see. Simply and briefly write your comment to explain the circumstances. Even if the collection agency won't listen, other creditors will see your explanation.


When you pay off a collection account and it is removed from your credit report will it increase your credit score and if so how long does it take?

The removal of a collection account, whether paid or unpaid, would have a positive impact on your credit score. Removal is not automatic and is often difficult to accomplish. The length of time would depend on how the removal is processed by the creditor/collection agency and the credit bureaus. Standard automated update procedures can take up to 90 days. Creditor prompted manual updates can be performed in as little as 48 hours. Any change in your score would depend on ALL the information showing on your credit file.


What does a collection agency do to your credit?

They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.


How do you find a list of accounts sent to collections?

Get a copy of your credit report from all three bureaus. You can get a free copy each year. This report will tell you all of the collection accounts that are currently reported, and to which of the credit bureaus they are being reported to.