Complaint Review: Bureau of Collection Recovery LLC

"Unfortunately the account just arrived on my credit report so they still have the full 5-7 years of SOL another reason they may be acting like this."

What is important is the date the account went delinquent, NOT when it appears on a credit report or when the debt collector "acquired" the credit line.  Example: you stop paying a phone bill in Oct, 2005.  A debt collector purchases this bad debt and reports it on your credit report in Jan, 2010.  This debt must come off your credit report around Oct, 2012 (not Jan 2017.)  The ORIGINAL date of last transaction is Oct, 2005.

Also, do not confuse Statute of Limitations (SOL) with the general 7 years that a credit line is on a credit report.  The two are NOT the same.  The SOL has NOTHING to do with the general 7 years that something stays on the credit report.  The Fair Credit Reporting Act specifies what stays on a credit report and for HOW LONG.

"Suppose the account was "paid in full" can you contact Transunion etc... to have them remove the collections account?"

You can contact them but it will be a waste of time and money.  No credit reporting agency is going to remove a credit line because it's paid off-period.  IF the information is ACCURATE and CURRENT (generally within 7 years for consumer credit) the credit line will remain.  They are required to correct (update) misinformation.

Please go read the Fair Credit Reporting Act-this law tells you how to dispute credit lines and when they must be removed or corrected.

Good luck.

RJM Acquisitions is the debt collector I'm referring to, I'm sure you've heard of them.  Just write up a contract outlining what is to happen upon payment and they will delete the item.  I've heard that "Paid in full" or whatever does nothing to help you for someone looking at your credit report (Future Employers).  It still looks as though you were irresponsible.  That is my issue and what worried me.  Unfortunately the account just arrived on my credit report so they still have the full 5-7 years of SOL another reason they may be acting like this.

Suppose the account was "paid in full" can you contact Transunion etc... to have them remove the collections account?

"I've heard some debt collectors offer to delete the account for you.  I was wondering why this particular one was so bent on not helping..."

I think they are showing a rare outburst of honesty.  Yes, some debt collectors will offer to remove it but just search all the complaints-those that offer LIED, they do NOT remove the entry.

I provide credit counseling on a volunteer basis and I tell folks to negotiate that they update the credit line with "paid as agreed."  If they are not willing to do this, then what's in it for you in paying them.  Most consumer credit lines drop off the credit report after about 7 1/2 years of no activity.  Keep this in mind.  If this is an OLD account that is due to come off in the next year or two, it might be better for you to not pay anything and then follow up that it's removed on schedule.  This is a decision you have to make-what's best for you in your situation.

I personally know of NO debt collector that had a legitimate debt REMOVED from a credit report.  I'll repeat my opinion; you should go for a "paid as agreed" if you pay the account off.  Further, get this "paid as agreed" in WRITING before you pay a dime.  Also, check your state statute of limitations.  If this debt is time barred, there is NO REASON to pay them a dime.  The cannot honestly win a judgment against you.

Good luck.

P.S.  Stay away from the credit repair jerks who claim to have bad credit lines removed.  Anyone who claims to be able to remove a LEGITIMATE and accurate debt line is lying to you as well as violating the Credit Repair Organizations Act.  This law you can read on the FTC site as well.

Thank you I understand what you are saying.  I figure there is no reason for them not to remove it if I am cooperating and willing to pay the account in full (190$). 

From the way you explained it since they have to report to the credit agency after I pay anyhow why would they not remove it completely?  I've heard some debt collectors offer to delete the account for you.  I was wondering why this particular one was so bent on not helping...

You should go to the FTC website www.ftc.gov and read the Fair Credit Reporting Act.

No one can force any creditor to REMOVE an item from a consumer credit report IF the information is ACCURATE and UP TO DATE.  Any attorney you discuss this with should tell you this.

Can you attempt to get them to remove it in exchange for you paying them?  Yes, you can make the attempt but you can't force them to remove it.

Sometimes, certain debt collectors WILL agree to remove the listing-the way they get it removed is to report that the entry was created in error.

If the debt is legitimate and is NOT time-barred, they really don't have any reason to REMOVE the entry.  Then again, if it isn't time-barred, the creditor could sue you for the debt and obtain a judgment against you.

Good luck.