Friday, October 27, 2006

then they sold it again and a balance is showing $4,408 again

Good afternoon,

I have a question about my credit report. The last time I received my report was back in March and my credit score was 523 and now it's 573 because I have been slowly paying off a few things. It's concerning a car loan account that I had back in 1999 which I have now made arrangements to pay on. When I got this report it shows the amount of the loan which was $10,900 which shows it still open with this balance, but it was sent to collection which they lowered the amount to $4,408 which is open, then they sold it again and a balance is showing $4,408 again. Is this hurting my score since it is showing that I owe so much money, but actually all three are the same? Should I dispute that? Also do the creditors or the collection department report the payments that you are making after 6 months of paying them? If they do does this help your score to go up?. Thanks for your help.
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Dispute the 10900 as paid in full since it was sent to collections. Send documents where you have been contacted or something that can trace the origin. Then do the same with the first collection. Pay the last if possible asking for totall removal if you pay in full. Get something in writing.
Yes it is all hurting your score and these steps will help if you are able to complete them.
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This is great. Thank you so much for your prompt response. I will get right on it.
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