I've been trying to look up other similar cases to mine.
I found a post by someone on another website who was in almost my exact situation. They owed money to Chase, they got a letter from MRS giving them a settlement amount, but MRS had not posted to their CRs and did not actaully own the debt, they were just hired to help collect.
The post was made back in 2009... so idk if MRS has changed their practices, but they said:
"Now a CA by the name of MRS Associates has been assigned to the account. They do not own the account. They offered me a settlement of around $1600, which I would gladly do if the account will be marked payed in full or deleted
They said they do not report to the credit bureau. I told them I know that but Chase does and they are negotiating with Chase to settle my account. The supervisor told me that is not how it works."
If this is true, MRS does not report to the CRA's then I'd love to call and set-up a payment plan to pay the account in full. I know this won't get rid of the CO from Chase, but I could pay the debt easily and not have a collection added to my account...
Anyone have a CA hired to collect a debt, but they did not own the debt? Did it report to your CRs?
