Legal Question in Credit and Debt Law in Illinois

Is there any legal recourse for an error reported on your credit report?

Here is the scenario:

I have absolutely PERFECT credit (rephrase�had).

I closed a public utility account due to moving and asked for the final bill to be sent to my new address (I was current and never late).

I did not receive the final bill for unknown reasons.

The bill was sent to a collection agency two weeks after the final bill was due.

I called the original company who issued the bill and paid them that day.

The representative at the billing company stated I should have never received a call from a collector as their policy is 90 days before that can be done.

I checked my credit report and now have a mark for �account went to collections�.

This mark will not prevent me from getting a loan but can impact my rate which will equal several thousand dollars over the course of a home loan.

Thank you in advance for any feedback.

1 Answer from Attorneys

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