Credit Card Center Advertiser Disclosure

Valued Member
Posts: 43
Registered: ‎06-06-2007
0 Kudos

How to handle Collection Agency

[ Edited ]
What should I do?
I sent a collection agency a letter disputing the information on my credit report....instead of them sending me a letter back in regards to the dispute they sent a letter back offering me to pay 50% of the balance to settle the account. Why didnt they answer the dispute? I called the original creditor and they have nothing on file for me so technically the account isn't mines, correct? The collections agency says the reason they have nothing on file is because they sold the account to them. However I thought that they (Original creditor) would still have something on file for me to prove the account is mines.
I have disputed with the credit bureaus but the collections agency reported back that the account was mines. How do they verify if the original creditor no longer has the account or shows anything for me?  
What do I do? It took my score down 10 points...I am so frustrated by this!

Message Edited by bettercredit on 06-29-2007 02:00 PM
Regular Contributor
Posts: 170
Registered: ‎03-04-2007
0 Kudos

Re: How to handle Collection Agency

Established Contributor
Posts: 630
Registered: ‎06-20-2007
0 Kudos

Re: How to handle Collection Agency

That happened to me also...I paid settled the account and now have two dings.
9/18/08 TU=707 EQ=706 EX=702

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.