How do I fix credit report when the credit card company is no longer in business?
I am in the process of trying to buy a home and recently reviewed my credit report. I noticed that one account was still reported as opened with a balance.
About 4 years ago, I had a credit card account with Conseco Greentree Financial services. The balance was sold off to another company when Conseco went bankrupt. I’ve since paid off the balance. I called the company that serviced the loan and they said there’s nothing they can do since they don’t appear anywhere on my credit report.
How cn I get this fixed? I can get Conseco to fix this since they are no longer in existence! HELP!!
5 Comments to How do I fix credit report when the credit card company is no longer in business?
Leave a comment
You must be logged in to post a comment.
Articles on Debt Consolidation
More on Debt
- Eliminate Student Loan debt by Planning Ahead
- The Truth about Debt Consolidation
- What is Debt Consolidation?
- What is the Best Way to Eliminate Credit Card Debt ?
- How long to build credit up after cancelling credit card?
- What is the difference between a credit card and a pre approved credit card or is there no difference?
- What is the best credit card to apply for for the first time?
- How many of you give in to the credit card offers?
- What happens if your credit score gets lowered due to late auto payments, but then you pay off the auto loan?
- How to get a credit card with no credit and no checking account?
- What is a good credit card for someone with excellent credit?
- What credit card would you recommend for someone trying to re-establish good credit history?
- What does closing a store credit card do to your credit?
- Can credit bureaus report late payments after a sheriff sale?
- Credit….?
Dispute the credit account with the credit bureau. The credit bureau will try to contact the credit card company and when they find out they do not exist anymore you should automatically win the dispute and the account will be removed.
Good luck!
You dispute it with the credit reporting agency. It is up to then to reverify the claim. If they cannot then request that it be removed from your report.
bring it up with the three credit reporting agencies and dispute it as paid.
Same answer without the fedora. Dispute letters need to be sent to all three of the major credit reporting agencies: Equifax, Transunion, and Experian. You will want to include information on the purchase of your account by the other company, the amount owed and paid. Another thing, have you inquired with the company approving your mortgage iregarding the impact that this one discrepancy would have on the loan?
Credit Report Myth or Reality
By: Herman Randolph
also dispute in november….end of the year…busy during christmas…more of a chance it will be cleared.