Is my account in collections?

[AndySoCal]

You could contact Wells Fargo and see if they sold the debt or assigned to the CA. If they assigned offer payment in full in exchange for  pulling the accountfrom the collection agency. If you have the $$.

[guiness56]

Yes, you can ask them to send a letter/email stating they won't report for payment.

[WallyxD]

Okay so here's what happened..

1.) I called ARM and asked if I were to pay off the debt now can they not report the collection.  They replied with, "Our agency does not report to the credit bureaus."  So I paid it and was told I'd be receiving a letter in the mail saying that I have paid my debt off AND that they would send a notice to Wells Fargo within a few days to let them know it was paid. AFTER I paid it they told me I would have to contact Wells Fargo to see how they would report it.  

2.) I called Wells Fargo and explained the letter I got from ARM and asked if they could not report the account to the credit bureau since it was paid and they told me that they don't report charged off accounts to the credit bureaus.  They said that they sold my debt to ARM and I would have to ask them if they could not report it.  I told them that ARM said they don't report to the credit bureaus.

3.)  I called ARM again, and told them what Wells Fargo said.  ARM told me that my debt wasn't sold them but they were simply the third party, so on and so forth..

So, one company said they don't report at all, while the other one said they don't report charged off accounts.  But the question on whether or not my debt was sold to ARM remains unanswered.  If neither of them report, should I just not worry about it anymore since I paid anyway, or would you guys suggest I make one more round of calls?

[guiness56]

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@WallyxD wrote:

Okay so here's what happened..

1.) I called ARM and asked if I were to pay off the debt now can they not report the collection.  They replied with, "Our agency does not report to the credit bureaus."  So I paid it and was told I'd be receiving a letter in the mail saying that I have paid my debt off AND that they would send a notice to Wells Fargo within a few days to let them know it was paid. AFTER I paid it they told me I would have to contact Wells Fargo to see how they would report it.  

2.) I called Wells Fargo and explained the letter I got from ARM and asked if they could not report the account to the credit bureau since it was paid and they told me that they don't report charged off accounts to the credit bureaus.  They said that they sold my debt to ARM and I would have to ask them if they could not report it.  I told them that ARM said they don't report to the credit bureaus.

3.)  I called ARM again, and told them what Wells Fargo said.  ARM told me that my debt wasn't sold them but they were simply the third party, so on and so forth..

So, one company said they don't report at all, while the other one said they don't report charged off accounts.  But the question on whether or not my debt was sold to ARM remains unanswered.  If neither of them report, should I just not worry about it anymore since I paid anyway, or would you guys suggest I make one more round of calls?

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Whether or not it was sold to ARM is a moot point really.   Sold or assigned, they could report if they chose to and it looks like they do not,  Same for WF.

It looks like neither one really knows who owns it.,