They won't take my money

[Ruach]

What is the name of your state (only U.S. law)? FL

Several years ago, I had a dispute with University of Phoenix. They did not give me the goods I was sold. I withdrew from their program and was disgusted with them. After several months they contacted me trying to get money. I told them that they acted in bad faith and that I would not pay them. Eventually, they put it on my credit report and sent it to collections. I tried to pay them after a few years just to get them to go away and fix my credit but they never got back with me. Another few years passed and I needed to get a loan and they had placed it on my credit still and won't go away. I contacted them and said I would pay if they removed it from my credit but they refused. I don't know what to do. The amount is so small just over 100$ but the effect on my credit is horrible. What can I do?

 

[sandyclaus]

What is the name of your state (only U.S. law)? FL

Several years ago, I had a dispute with University of Phoenix. They did not give me the goods I was sold. I withdrew from their program and was disgusted with them. After several months they contacted me trying to get money. I told them that they acted in bad faith and that I would not pay them. Eventually, they put it on my credit report and sent it to collections. I tried to pay them after a few years just to get them to go away and fix my credit but they never got back with me. Another few years passed and I needed to get a loan and they had placed it on my credit still and won't go away. I contacted them and said I would pay if they removed it from my credit but they refused. I don't know what to do. The amount is so small just over 100$ but the effect on my credit is horrible. What can I do?

Why should they remove it from your credit? You owe the money. It's under $100. Pay it.

If you had an issue with paying the school, you should have disputed the debt using proper legal means. Since you have failed to do that, and instead stand on the indignance and just refuse to pay unless they clean up your credit, you're not going to win this.

Even if the debt is paid, it will remain on your credit report (satisfied, but paid).

And, quite honestly, ONE negative mark on your credit doesn't make your credit report horrible. There obviously must be other negative items on there, and the unpaid debt to UOP has only added to that.

 

[CurrentlyUndone]

What is the name of your state (only U.S. law)? FL

Several years ago, I had a dispute with University of Phoenix. They did not give me the goods I was sold. I withdrew from their program and was disgusted with them. After several months they contacted me trying to get money. I told them that they acted in bad faith and that I would not pay them. Eventually, they put it on my credit report and sent it to collections. I tried to pay them after a few years just to get them to go away and fix my credit but they never got back with me. Another few years passed and I needed to get a loan and they had placed it on my credit still and won't go away. I contacted them and said I would pay if they removed it from my credit but they refused. I don't know what to do. The amount is so small just over 100$ but the effect on my credit is horrible. What can I do?

Have you actually contacted the collection agency? Contacting the school won't accomplish anything.

Just pay the bill.

 

[Ruach]

Have you actually contacted the collection agency? Contacting the school won't accomplish anything.

Just pay the bill.

The agency is a subsidiary of the school.

 

[OHRoadwarrior]

They are not required to remove it from your credit. They are only required to update the status to paid.

 

[Ruach]

am I not allowed to post links? I referenced similar cases.

 

[swalsh411]

No you can't. I think it's a restriction on new users to prevent spam.

Anyway, there is no law or regulation which requires them to remove it from your credit. As stated, they must update it to paid.

 

[cosine]

Furnishers of credit information to CRAs will find in the contract they sign with the CRA a requirement to report accurately. If you fail to pay a creditor for some period, then pay in full later, reporting to the CRA that you failed to pay for some period, then paid in full on some date, would be accurate reporting. Just go ahead and pay. Then 30 days later pull your CR and see if the reporting of it is accurate. If it is, then you live with that. If not, take the appropriate steps to resolve it (tell us if you need help). If your loan will not be granted because of such a CR, then you didn't earn the right to that loan, by your own choices.