Need Help-Please read.
04-22-2009 | 10:42 AM
#31
Che Guevara
Joined: Aug 2005
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04-22-2009 | 11:59 AM
#32
Gets Weekends Off
Joined: Mar 2008
Posts: 1,133
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From: DAL Pilot
This is incorrect! Do not pay the debt, unless it's an accurate debt and you really do owe the money!! I made this mistake once. By paying the debt, you are basically admitting that the collection and debt is accurate AND they can still place it on your credit report. You're doing the right thing. Just fight it. They have to provide the burden of proof that the debt is valid and accurate. They will also have to provide this same proof to the credit reporting agencies when and if it's reported and you dispute the item. They're playing hard ball and they want to see who will flinch first. You could get a lawyer, but I HIGHLY doubt you'll need to take it that far.
04-22-2009 | 12:01 PM
#33
Gets Weekends Off
Joined: Mar 2008
Posts: 1,133
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From: DAL Pilot
See if it has been reported on your credit. If it has, then you can open a dispute with all 3 credit bureaus online.
Once you register the dispute, the company that reported it MUST provide documentation to you and to the reporting agencies that the debt is a) yours and b) legit.
If they fail to do so within 90 days, the item is removed from your report.
Credit Report Dispute: Correct Errors in Your Credit File
TransUnion Personal: Credit Disputes – Submit a Dispute, Check Dispute Status and Understand the Credit Dispute Process.
Dispute Credit Report information at Experian.com
Good luck and stick with it.
Once you register the dispute, the company that reported it MUST provide documentation to you and to the reporting agencies that the debt is a) yours and b) legit.
If they fail to do so within 90 days, the item is removed from your report.
Credit Report Dispute: Correct Errors in Your Credit File
TransUnion Personal: Credit Disputes – Submit a Dispute, Check Dispute Status and Understand the Credit Dispute Process.
Dispute Credit Report information at Experian.com
Good luck and stick with it.
04-22-2009 | 09:14 PM
#35
Che Guevara
Joined: Aug 2005
Posts: 6,408
Likes: 0
Financial responsibility shows to a persons decision making capabilities and responsibility. There is a reason they do it. There's a reason the military does it. There's also a reason why foreign countries seek out those with poor financial situations to bribe information from them.
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