We are in the busy season, but I had to share this with you.
Check this out. The first question that comes to mind is… ‘how is this legal’? Well gang, apparently in the world of collections we are all guilty until proven innocent. In this case, IC Systems was kind enough to put this unverifiable debt on our client’s credit report, which naturally tanked his scores. Our client got a notification from their Credit Monitoring Service that a new derogatory account had been placed on their report. So, we issued out a letter demanding verification that very day. This is what they came back with:
So, apparently, they simply assumed the debt was valid, with out having any paperwork from the original creditor, and placed it on their report. Thankfully we were able to get in front of it. The bureaus followed suit with the deletion:
- Also, notice how TransUnion’s letter was dated 7 days prior to IC System’s letter… hmmmmm.
Regardless, we are happy we were able to get this account deleted. Makes us angry though. You would think collection agencies would have to go through a more rigorous process of proof before ruining someone’s credit.
Makes you think…
Scoreology – The Science of Credit Repair