Wednesday, April 23, 2008

Can a collections agency add themselves to your credit report?

Can a collections agency add themselves to your credit report? I've already got the original "charge off" from the creditor, but now I'm dealing with an upset collection agency who was upset my last check bounced. They're the ones who forced me and harrased me into writing post dated checks to begin with, they called my work and when I told them not to they laughed at me and told me that I couldn't tell them not to. Now that balance for the amount of the third check is on my credit report too, is this legal?
--------------------------------
the original charge should be marked as zero balance if it was sold to a collections agency you have verified the debt now that you have paid them monies
the collection agency CANNOT sue you as they are not the original creditor
I know they cannot harrass you or call your work over and over and laugh at you I would try to settle the account for much less than the full balance.
most collections are bought for pennies on the dollar. I would try to settle for 50% of less not including any fees or interest.
demand account validation Explain you will talk to them no longer if they do not properly validate the debt.
explain you fill like they are violating your rights and plan to contact your state attorney general if they insist on calling you at work after you have asked them not to
-------------------------------
I've paid 2/3 of the full amount of money the collection agency wanted. The last payment I made was in 2006 and I've changed jobs and gotten a new phone number so they haven't bothered me anymore. But they are still on my credit report. Should I contact them and offer to pay the remainder if they remove themselves from my credit report? Or will doing so only re open the whole 7 year cycle again? The first date of delinquency was 01/2005. I don't want to restart the cycle now that I've "lost them." Thanks so much for having a real website for real people.
-------------------------------
if you want them off your report for good
and you can pay and the account is honestly yours yes
call them and ask them to remove if you pay in full
call from some anonomous phone number one can always take the chance of "losing them"but one also takes the chance of the virus showing up later somewhere else some other way. I always like paying to be done
remember that after 2 years the account will not hurt your credit score
ifyou have good reported and rated lines of non maxed out credit

1 comment:

Anonymous said...

Thanks for answering this question. I think most people are confused about how to evaluate their credit reports, which makes it difficult to interpret their situations and what can be done about it.