How to find out where my collection account is from

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p51
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How to find out where my collection account is from

Postby p51 » Sat Jan 24, 2015 2:53 pm

I just found out on Credit Karma that I have a $300.00 collection from 2011. It is being serviced by LVNV funding collection agency. I don't know how I haven't seen this before.

My credit score has taken a big jump this year. I was approved for three new credit cards, a 25,000 auto loan (1.99% interest rate), and 10,000 personal loan. Now that i'm back to having good credit I want to keep it that way.

I don't know what next steps I should take in dealing with this collection. Any thoughts or suggestions would be greatly appreciated.

Thank you
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500


ingramjuan
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Postby ingramjuan » Sun Jan 25, 2015 11:46 pm

Defiantly would suggest pulling all three of your credit reports, I am sure you will notice the company name and phone number on one of the big 3 agencies.
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lobbythis
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Postby lobbythis » Mon Jan 26, 2015 1:55 am

Pull your credit report...not too difficult. Surprised this is not common sense.

p51
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Postby p51 » Tue Jan 27, 2015 1:08 pm

lobbythis wrote:Pull your credit report...not too difficult. Surprised this is not common sense.


Thanks for taking the time to reply.
If all of this was common sense, would this forum exist?
In my opinion, common is always relative to the context in which it is applied.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500

p51
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Location: Boston, MA

Postby p51 » Tue Jan 27, 2015 1:09 pm

ingramjuan wrote:Defiantly would suggest pulling all three of your credit reports, I am sure you will notice the company name and phone number on one of the big 3 agencies.


Thank you. That will be my next move on this matter.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500

Brad Bishop
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Postby Brad Bishop » Wed Jan 28, 2015 5:57 am

I'd pull the report and, if you don't recognize it, then dispute it.

If you do recognize it, then call them up and settle up with them.

It's one or the other: either an error or something you owe money on.

p51
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Postby p51 » Wed Jan 28, 2015 10:44 am

Brad Bishop wrote:I'd pull the report and, if you don't recognize it, then dispute it.

If you do recognize it, then call them up and settle up with them.

It's one or the other: either an error or something you owe money on.


Thank you. That's exactly my plan. If it something that I owe, I will ask for written confirmation that it can be taken off my credit report as a collection.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500

samhradh
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Postby samhradh » Sun Feb 01, 2015 9:57 am

Asking for a friend: A recent cc app revealed a default on a student loan from a large bank. My friend has never taken a student loan out with this bank and has no idea why it's on the report. Anyone have thoughts on how to get to the bottom of this? Call the bank? If so, what branch of the bank should we try to reach? Get a copy of credit report first? Is that necessary if we already know the bank's name?

My only thought is maybe this bank "bought" my friends' student loan from its original issuer. This happened to me when my fed loan was taken over my MOHELA. Now I pay MOHELA.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

p51
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Postby p51 » Sun Feb 01, 2015 1:49 pm

samhradh wrote:Asking for a friend: A recent cc app revealed a default on a student loan from a large bank. My friend has never taken a student loan out with this bank and has no idea why it's on the report. Anyone have thoughts on how to get to the bottom of this? Call the bank? If so, what branch of the bank should we try to reach? Get a copy of credit report first? Is that necessary if we already know the bank's name?

My only thought is maybe this bank "bought" my friends' student loan from its original issuer. This happened to me when my fed loan was taken over my MOHELA. Now I pay MOHELA.


Good question. Hopefully someone with some experience will have an answer. I'm anxious to know as well.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500



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