is it better to pay the OC or the CA?

Anonymous · ‎09-19-2007

i'm refinancing my mortgage and they are paying off all my charge offs with some of the money we are getting back. I have two CO's which are both being handled by Ca's. The OC didnt sell the account to the CA they are just collecting for them. So would it be alright to just pay the OC. I know I should PFD but I'm out of time for that because the refi should close next week.

Thanks

scramblingin2007 · ‎09-19-2007

Hi, I just did this on friday. I owed a local company 300 bucks, was on cr from a ca. I called the oc on friday and paid them directly, they then called the ca to have it removed from cr. i am going to check my cr's and see if it's off, i'm giving it a few days. i trust this local business and that's why i didnt pfd.

Anonymous · ‎09-19-2007

Pay the OC and ask them to ask the CA to quit reporting. After its paid in full dispute with the CRAs that the account was paid in full.

Anonymous · ‎09-19-2007

I agree with the others.

See if the OC will work with you first. If they will, pay the OC and ask them to tell the CA to stop reporting the item because it's paid.

Anonymous · ‎09-19-2007

@Anonymous wrote:
Pay the OC and ask them to ask the CA to quit reporting. After its paid in full dispute with the CRAs that the account was paid in full.

Dispute "Not mine"

If you ask for a PIF they will update it PIF.

Anonymous · ‎09-19-2007

Thanks Timothy. You are right I realy meant to say dispute as PIF before account sent to collections or better yet not mine once it is PIF.

Message Edited by Rockjock on 09-19-2007 09:26 AM