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I recently pulled my CR and I have a collection pending with NCO for a medical bill. However, my question is should I pay the OC or the collection agency (NCO) and how will it reflect on my CR? This is the only collection I have & it's affecting my credit score tremendously. I need some advise in how should I proceed. All suggestions are welcome..Thank you in advance!!!
It is not always recommended, at least by me, to pay the OC when a debt collector is involved.
The OC, as was questioned in the prior post, cannot delete any reporting done by a debt collector, even if the debt collector is their own assignee. They can request, but the debt collector has the right to report their own collection activity. An OC cannot "recall" the fact of their collection referral or the reporting done by a debt collector.
If the reporting of the debt collector is considered a more serious derog than that reported by the OC, then getting the collection deleted is usually the preferred choice.
If the debt collector wont bite on a PFD, then a fallback PFD offer to the OC might salvage at least the deletion of reporting done by the OC.
@goal_seeker wrote:I recently pulled my CR and I have a collection pending with NCO for a medical bill. However, my question is should I pay the OC or the collection agency (NCO) and how will it reflect on my CR? This is the only collection I have & it's affecting my credit score tremendously. I need some advise in how should I proceed. All suggestions are welcome..Thank you in advance!!!
I had 2 collections from NCO on my CR. One was medical, the other was not. The OC was not reporting. I sent a DV for both of them. I got a form letter from both saying the same thing, that they may not have enough time to gather the information and they had requested the CRA to delete the listings from my CR. The medical collection was deleted, but I then got a subsequent letter from NCO with information validating the other collection. You might try sending a DV before paying and see what happens if you are not under a time constraint.