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
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO