Collection Agencies - CRS changed my date of last activity - Canada

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RE: CRS changed my date of last activity

Postby designer0311 » Sun Feb 17, 2013 11:34:07 AM

It's amazing to me that it seems like such a daunting task to get the CA to report the correct DOLA which by law they should be doing anyway. After reading so many posts on here it is infuriating knowing that they get away with this stuff all the time, and no one at the credit bureau will help make it right.
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RE: CRS changed my date of last activity

Postby designer0311 » Sun Feb 17, 2013 11:28:26 AM

@ T.J. Brooks: Thank-you!! I'll repost if I can actually get the CA to change the DOLA to the correct date, which is my main concern.
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RE: CRS changed my date of last activity

Postby TJ.brooks » Sun Feb 17, 2013 08:08:20 AM

Will paying off a collection have the opposite effect and actually lower your score?

It is a commonly held belief — even taking on “urban myth” proportions at times — particularly among many in the mortgage industry, that when collections are paid scores go down. The claim is that when updated from “unpaid” to “paid,” the collection can appear to the scoring formula as having originated more recently than it did, which, if true, could lower the score. However, the “assigned” date on the credit report doesn’t change when the collection status is updated, nor do the credit scoring formulas give fewer points for a paid than an unpaid collection. So there is no evidence to support the myth that paying a collection can lower a score

Taken from a google search.
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RE: CRS changed my date of last activity

Postby Ottawa_Chap » Sun Feb 17, 2013 12:20:51 AM

No late night comments? Oh well.... Here's hoping everyone is enjoying last call then.... LOL!! Cheers!!

O.C.
Infuriating one C/A at a time..
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RE: CRS changed my date of last activity

Postby TJ.brooks » Sat Feb 16, 2013 04:22:19 PM

You may be able to get a written commitment to have them correct the last date of activity....but be sure this is written in the agreement so you have something to approach the reporting agencies with if they fail to do so.
Your file will only be marked as paid...never paid in full.
Effect on your score will be minimal if at all.
Just be certain you address the unpaid portion of money in your agreement that it can not be re assigned or sold to another collector else it will just start all over again.
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RE: CRS changed my date of last activity

Postby designer0311 » Sat Feb 16, 2013 03:47:20 PM

This is very frustrating! Frankly, I have no idea what the heck most of you are talking, or laughing about. These answers are completely abstuse.

I've read responses posted by some of you to other questions, and have learned a great deal from many on this website, however, the reponses posted to my questions are very cryptic. I've followed the post of RE: Loan bad credit, so I understand there is some type of fighting going on with hate_the_game_not_the_player (judging by the level of animosity, I guess 'fighting' is somewhat of an understatement). If that is the case is there anyone that will please put that aside and help me out? Again, it would be much appreciated.
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RE: CRS changed my date of last activity

Postby designer0311 » Fri Feb 15, 2013 02:01:44 AM

Sorry, I'm a little confused. I'm not sure how this turned into an SOL question, as I know this is stats barred. I was enquiring if there was a way to ensure that it would be removed from the credit bureaus on the correct DOL, without them updating the DOL on my credit report if I made contact with CRS to dispute it.

UPDATE: I wrote another post a few weeks ago, and have decided to pay these guys off to rid myself of this aggravation. I made the huge mistake of co-signing for someone, so it is my responsibility even though it was their negligence in defaulting on the loan. This was the new post I wrote:

I'm supposed to only have 5 months to go before a collection comes off my credit report, but typical of CA's they have changed the date of last activity, and the credit bureau is refusing to do a thing about it....big surprise. My date of last activity with the original creditor was June 2007, and CRS changed the date of last activity to May 2008. So, I know it sounds crazy to settle now, but I don't want to wait another year and half to apply for my mortgage, so I want this resolved when it was supposed to be resolved and that is by June 2013.

So, I would like to know the following:

1. I would like to get a settlement with CRS and have it stated in writing that they will change the date of last activity to the correct date. Does anyone have experience in making this part of the deal when negotiating a settlement.

2. Also, If I get them to agree to mark this as Paid in full will my credit score take a drop just because there was some recent activity on the account. My understanding is that it should only drop if it is marked as "Settled", but I have read conflicting advice on that.

Any advice on this would be greatly appreciated!!
designer0311
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Posts: 11
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RE: CRS changed my date of last activity

Postby designer0311 » Fri Feb 15, 2013 02:01:42 AM

Sorry, I'm a little confused. I'm not sure how this turned into an SOL question, as I know this is stats barred. I was enquiring if there was a way to ensure that it would be removed from the credit bureaus on the correct DOL, without them updating the DOL on my credit report if I made contact with CRS to dispute it.

UPDATE: I wrote another post a few weeks ago, and have decided to pay these guys off to rid myself of this aggravation. I made the huge mistake of co-signing for someone, so it is my responsibility even though it was their negligence in defaulting on the loan. This was the new post I wrote:

I'm supposed to only have 5 months to go before a collection comes off my credit report, but typical of CA's they have changed the date of last activity, and the credit bureau is refusing to do a thing about it....big surprise. My date of last activity with the original creditor was June 2007, and CRS changed the date of last activity to May 2008. So, I know it sounds crazy to settle now, but I don't want to wait another year and half to apply for my mortgage, so I want this resolved when it was supposed to be resolved and that is by June 2013.

So, I would like to know the following:

1. I would like to get a settlement with CRS and have it stated in writing that they will change the date of last activity to the correct date. Does anyone have experience in making this part of the deal when negotiating a settlement.

2. Also, If I get them to agree to mark this as Paid in full will my credit score take a drop just because there was some recent activity on the account. My understanding is that it should only drop if it is marked as "Settled", but I have read conflicting advice on that.

Any advice on this would be greatly appreciated!!
designer0311
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Posts: 11
Joined: Fri Jan 18, 2013 04:45:02 AM
Province: ON


RE: CRS changed my date of last activity

Postby TJ.brooks » Wed Feb 13, 2013 07:58:51 PM

Even if this hicks did all that was said...he too now has the benefit of the SOL at this point...hahahahahaha
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RE: CRS changed my date of last activity

Postby TJ.brooks » Wed Feb 13, 2013 07:51:58 PM

Wow....and he wants to advise others how to handle their cases.....lolololololol
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