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

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

Re: How to handle Collection Agency

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

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

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+