04-18-2009 03:55 PM
Last year I paid off HSBC through a collection agency - but when I look at my CR's, HSBC is listed as a CO. People First isn't listed. I tried to call People's First and the number is no longer working. I think they might be out of business. I feel like I could have gotten scammed.
I think in the future I am not going to ever deal with a CA.
HOw do I handle proving that I paid this account ? HOw do i rectify my credit report? What is the best route?
Thanks for your help!
04-18-2009 08:56 PM
When you pay a collection agency, you are not paying the OC.
OC account reporting, including any charge-off by the OC, is included in a separate part of your credit file, under the OC account. Collection accounts are separate accounts. A collection agency cannot delete entries made in the OC account. So it is proper for the charge-off to remain, even though the CA account has been paid.
I dont see anything amiss.
04-18-2009 09:06 PM
i SEE. So even though I tried to made good on that account, When I paid this, I was intimated b/c the guy said he was going to take me to court. I was a "virgin" so to speak with respect to the harrasment of the CA's. I should have at least tried to deal with the OC, not the CA. HSBC, the OC can still report it as a CO and come after me again for the balance of $1400? . I think i got scammed because Peoples First REcoveries is no longer in business. No working phone numbers. I googled and dialed all that were listed. and this account letter said my money was applied to my people first account, not to the OC.
04-18-2009 09:11 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.