busted Posted August 14, 2003 Report Share Posted August 14, 2003 Well...Skimpy little $95 utility CO from three months ago...Disputed 31 days ago and it just fell off. Bye bye!FICO went up +50.Because the reported amount was so small I paid the CO...I couldn't resist.I know paying a CO before disputing is generally BAD.I understand I lost all my leverage and left a recent paper trail by paying the CO prior to disputing.CA was reporting not the OC.I paid directly to the OC.I seemed to me that the CA would have little incentive to verify the paid CO since they couldn't get any dough.Coincidence that the CA had nothing to gain by updating and the TL fell off ? Busted Link to comment Share on other sites More sharing options...
md Posted August 14, 2003 Report Share Posted August 14, 2003 Congratulations! That is pretty cool. BTW, utilities can't report, only a CA they send the debt to can. Link to comment Share on other sites More sharing options...
edubb007 Posted August 14, 2003 Report Share Posted August 14, 2003 Good job! Link to comment Share on other sites More sharing options...
Swede Posted August 14, 2003 Report Share Posted August 14, 2003 BTW, utilities can't report, only a CA they send the debt to can.Not true, utilities can report and they do.... Link to comment Share on other sites More sharing options...
BrainDonor Posted August 14, 2003 Report Share Posted August 14, 2003 Yes they do...and according to TU, I have 3 open Electric Accts. I've disputed those as well. Link to comment Share on other sites More sharing options...
kb9tbq Posted August 14, 2003 Report Share Posted August 14, 2003 Oh, that collection agency could have kept the reporting, you just got lucky on your case.Just because you pay the OC don't always mean you have the leverage to make them retract their collection agency.Some collection agencies add verbage to their contracts specifically to stop Original Creditors from under cutting their proffits or reporting ability.Just that you never know until you try.Yes, them utility companies can and do report now, In Illinois just about ever power company; gas company is reporting actively like OCs (good & bad accounts); they are not nessasarily waiting any longer for the accounts to go bad before letting a collection agency pick them up. Why pay collection fees, when subscribing to a CRA is cheaper and effective to chase the late pays to them. Link to comment Share on other sites More sharing options...
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