Hi! I discovered last week that a collection agency reported a $ 116 debt from an old medical bill that I had no idea about to all three credit bureaus. I quickly contacted the collector, paid the $ 116, and the collector stated that the item would be “deleted” and dropped off my report sometime between now and the next 90 days.
Since I’m in the process of looking for a business loan, I can’t wait 90 days for this item to be removed. This item is the only negative item on my otherwise healthy credit report, and is hurting me by at least 30 points, from what I see.
It’s been a week since I paid off the amount, and since the collection is still there and marked as “open,” I have decided to contact Transunion to correct the now inaccurate information that is being reported. The quickest way to do so is through CreditKarma, but when I click on the “dispute” button, I get the options below, and don’t know which one to choose that won’t later backfire on me, and want to make sure I pick the right one, since some of these options seem very similar:
Are you disputing ownership or accuracy?
- Ownership is related to your responsibility, or liability, for the account.
- Accuracy means you are the correct owner of an account, but your report has incorrect information about the account.
Choose one ownership reason.
Select up to two accuracy reasons.
Any help would be greatly appreciated. Thanks!