10-09-2008 07:29 AM
I recently had a CA show up on my credit reports for an old phone line (landline) that I thought had been paid off when it was cancelled. I'm thinking about calling the OC today to find out if they still own the account (fingers and toes all crossed) and if they do, paying them directly, which should invalidate the collection account if I'm not mistaken. The OC is not reporting on my CRS. Am I going about this the right way? I just want to make sure I don't make any moves without being sure that I'm not getting myself into a pickle.
Thanks in advance for your advice!
10-09-2008 07:33 AM
No, it will not invalidate the collection account. You would have to ask the OC to recall the account from the CA in order for it to no longer report. That is only if they still own the account.
If they do not own it, DV the CA. If they validate, ask for a PFD.
How old is the debt?
10-09-2008 07:47 AM
10-09-2008 01:17 PM
Wow, thank you for the fast response! The account is from Spring '06 and looks like it was placed for collection in 10/07. As far as the CA goes, how can they continue to collect an account that has been paid? Sorry if it sounds naive, it just doesn't make a lot of sense to me.
They can't collect for an account that has already been paid. They can report as $0, if PIF, but they can't collect on it. In your prev. post you mentioned that you would like to pay them, but that you thought you had paid them. Contact the OC as mentioned and ask for a copy of the last couple bills or the last bill showing payment. Go through your own records and match up your last payment to theirs and see if it was paid or not.
10-09-2008 01:26 PM
10-09-2008 01:29 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.