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New Visitor
Posts: 3
Registered: ‎03-31-2007
0

Collections

I just recently found out that an account is going to collections.  I call the collections agency and I was told that the account is not open as yet.  Is there anyway that I can keep this collection from appearing on my credit report?
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: Collections

Call the original creditor and see if you can negotiate a payment plan to keep the account out of collections.
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in a credit-scoring postnuclear Stone Age...
New Visitor
Posts: 3
Registered: ‎03-31-2007
0

Re: Collections

Thanks, but I tried that and the original creditor told me that it was against the law for them to take back an account after they have forwarded it to a collections agency.  I know that this will hurt my score, but I was hoping to get some advice on how I can get around this.
Regular Contributor
Posts: 124
Registered: ‎04-23-2007
0

Re: Collections

I had a similar situation where my account was sent a ca and I contacted the oc about a week after.  The oc took the payment and it was not reported to the cb.  I think if an item is sent to a ca and you pay within 30 days they will not report you.  At least that is what happened in my case.
Valued Contributor
Posts: 1,065
Registered: ‎04-26-2007
0

Re: Collections

Not all CA report right away.   so if you are ready to either pay it off or get into a payment plan before they report it you should be fine.
 
Call the CA soon though before they do.
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New Visitor
Posts: 3
Registered: ‎03-31-2007
0

Re: Collections

That sounds good.  I will try that. Thx!

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