Help with National Recovery Solutions settlement

[llauren321]

Hi all,

The only negative mark that I aml currently rotating on my credit report is one from M&T bank. It was a tiny overdraft fee that escalated into a bigger fee when I closed the account, moved across the country, and didn't realize I left something unpaid with the company. The account went to collections.

I got a letter from the National Recovery Solutions collection agency saying they would accept half of what I owe (which is a mere $130). I could easily pay this off right now, but should I contact them in an attempt to remove the "collection account" status on my credit report? Or will that go away once I actually pay the collection company?

Sorry- still trying to figure all these logistics out. Any help is appreciated.

~Lauren

[llauren321]

Also to further clarify - the CA is NOT reporting on my credit. It's the OC (M&T) that is reporting a $0 balance and the worlds "collection account" next to it. So maybe a PFD would not be helpful to the CA since they aren't the ones reporting???

[llauren321]

Anyone????

[guiness56]

Paying the collections will not make it disappear from your CR if it was reporting.  It will not make the OC account disappear either.

With the OC reporting a 0 balance it would mean they sold the debt to the CA.  You could offer the CA payment for not reporting.

You would need to send a GW letter to the OC asking them to remove their TL.