Collection account has closed date but status reports open on TU

Collection account has closed date but status reports open on TUCollection account has closed date but status reports open on TU
KiffEmpappy asked 5 years ago

I kind of feel Howard, Lee Schiff is trying to play games…

 

 

Midland funding is reporting a collection account on all three CRA. I noticed on TU there is a open date of 03/29/13 and closed date of 05/01/13 but the status of this remains open.  EQ and EX are not reporting a closed date. Can I dispute TU since it’s not reporting accurately?

 

This is the same account that Midland Funding obtained a default judgment against me.  Surprisingly, the judgement is not reporting to any CRA’s. HLS (attorney representing Midland Funding) and I recently (03/15) were able to come to a settlement agreement where they would dismiss the judgment, close the account and report a $ 0 balance. It was agreed that I would pay 5 monthly payments with the last being on 07/31. The attorney emailed me the settlement letter via email.  I contacted the attorney and informed him that I wanted to make one lump-sum payment on or before 07/31/15. He verbally said it was okay ( I know I should of have him send me an updated later). Fast forward to June 25, 2015 when I receive a letter from HLS informing me that their client (Midland Funding) would like to extend the settement offer of 5 monthly installment payments, with the last being on 11/30/15. I noticed in this most recent letter there is no mention of vacating the judgment, etc. What settlement letter is legally bindiing? Also, what should I do since this collection account is not reporting accurately on TU? Should I still make the lumpsum payment to HLS?

 

Thanks for the help!

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