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Posted in Paying Your Bills
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Question By
aztecqueen

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Collection Account in Dispute
I have a account that shows in collections, that I do not owe and I am not going to pay for something I do not owe. I've tried talking to the company and they will not change it. it was originally put on my credit in 2005 and the company keeps refreshing it each year. Will it drop off if I leave it alone 7 years after 2005? I thought I read somewhere if I keep disputing it, the collection refreshes. I don't know what to do about this.

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Disputing doesnt refresh it.  Bills are typically sent to collections 180 days after del;inquency (can vary), so 7 years from there is your time line.

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Validation Letter

Get free copy of one of your credit reports.  You can get 1 free copy from each Credit Bureau once a years. Don't pull all 3 of your credit reports at once. You'll want to pull another report in 4 months and again in 8 months so you can see the progress on your credit report. All 3 share information so what you see in one will be very close to whats on the others.   Do this at the government website  AnnualCreditReport.com
Print and  Go through the report with a marker.  File disputes on all negative information that you found on your credit report at each of their websites.

Follow through by writing the "Validation Letters" on the same info and mailing them to the Credit Bureaus.  Google "Validation letter" for more info and templates.  Mail these "Return Receipt Requested", paper trail, The Collection agency will have to verify that they have the legal right to collect and have all the documentation, If they don't have all their ducks in a row the account will be removed.  If as you say it was from 2005, it should have been removed in 2012  so that should automatically go away when your info is updated.  You have a very good chance of getting this off your report fairly easily.  

Follow up by monitoring your reports here on CK and don't forget to pull the other reports to see how things are progressing in your file.  

Be aware too that this system is slow and takes a long time for things to report and cross report.  Even in the day and age of instant information, the credit system still moves in increments of weeks not minutes.  It can often take up to 60 days for things to show up on your reports, same for correcting mistake so don't expect instant results.

Good luck

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If this is from 2005 it should not be on your credit report. Contact each credit bureau and have it removed as it is outdated and too old to be listed. You may also want to consult with a consumer attorney as you may be entitled to sue the collection agency if they were damaging your credit with this when they were not allowed to be listing it. Figure 7 1/2 years from the last payment you made on the orginal account to the time it is to be removed from your credit reports. If this was indeed from 2005 then it should have been removed approx 3 years ago from your reports. If this is the case you were denied credit, paid higher interest rates or anything along those lines I would say you have every right to collect on damages.

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