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I had lost my job and my credit went down the drain. My score is in the upper 500 and I am trying to get to at least 700 as soon as possible. I have paid most of the accounts off and the others will be paid soon. What I am trying to figure out is that I have a credit card reporting on the report and the Collection agency reporting on the report and they are both the same account. I am wondering if it would be worth my time to dispute the primary account holder since they no longer own the account as it was sold to a CA? I know this is a shot in the dark and dont know if its possible.
I have previously talked with a friend of mine who is a collection agent and she told me you can dispute it with the primary and nine times out of ten they will remove it because the debt was paid and they dont want to pay the fee to report it every month. I am looking for help to clean it up fast. Im tired of hearing well pay your bills on time, and all that jazz, I lost my job….cant help that. No money, no bills can get paid. I am looking for a faster way since they are all paid! I owe nothing except for what is good and what is current!

6 Thoughts on Paid Debts, Help with Credit Repair?
  1. Reply
    Angie
    July 26, 2011 at 3:46 am

    You cannot get either removed from your report. That is the credit reporting agencies job, to report what happened. You didn’t pay your credit card bill and they sent it to a collection agency. You can sometimes get the collection agencies removed if there is more than one reporting on the same account.

  2. Reply
    Colorful L
    July 26, 2011 at 4:05 am

    Here’s How You Can Boost Your Credit Score By 135 Points Or More In Just 37 Days…http://tinyurl.com/n7s9nv

  3. Reply
    Kiran
    July 26, 2011 at 4:15 am

    If they are both the same account then the original account shouldn’t be on there if it now belonges to someone else. Well it’ll still be on your report, but it should say write off, which means that they have written it off and possibly sold the debt to someone else.
    Contact the original creditor and get them to remove it, if they don’t you can contact the credit bereau to have it removed.
    Also to pay off your bills faster you can try and negotiate with the collection agencies. They are usually willing to drop down then amount if you pay in one lump sum payment. just know that if your going to do that, don’t pay any less than the principal, even if they offer you less.
    If you pay less it will be Settled in full rather than paid in full which does make a difference on your credit report.

  4. Reply
    J Miley
    July 26, 2011 at 4:48 am

    First of all, anything removed as a result of a dispute filed with the bureau can be replaced at any time the “reporting party” has proof/paperwork showing the report/acct/debt is valid.

    For a quick fix, become your own credit repair company, dispute anything derogatory until it is removed, replace the derogatory accounts with new accounts that you stay current on and never carry a balance of more than 50% of your limit. Add a consumer statement to each derogatory account immediately.

    Any given balance can only be shown on a credit report once. However the original creditor may continue to report the account to show history, and that the balance is now $ 0 due to a charge off. you should notice the account reported multiple times, however the balance should only appear on one entry, if the balance for any single debt is reported more than one time, you have a valid dispute and the erroneous entries will be corrected.

    So, dispute everything derogatory as often as possible while at the same time getting new good standing accounts to replace the derogatory, within 6-8 months you will see an improvement.

    Of course you should know that your stated goal is not in line with reality, as credit reports are designed in such a way to keep you from achieving, specifically, “good credit history fast”. So many of the accounts that could drop off due to your volume of disputes will most likely reappear b/c they can be verified once the creditor gets around to it, and re-reported.

    If you want more information, or you have a reason for wanting good credit history now, then maybe you can work on reaching your real goal more easily then a good credit history. Let me know if you require any further information.

  5. Reply
    Gasa
    July 26, 2011 at 5:36 am

    Everything You Know Is Wrong! About Being Debt Free That Is!! And It Will Keep You In Debt Free The Rest Of Your Life!

  6. Reply
    Dan
    July 26, 2011 at 6:28 am

    Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – creditreport.imess.net

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