Does anyone know the rules for collection agencies who put collection accounts on your credit report. Initially I disupted the account but ended up paying it just to make them go away. Months later when I checked my credit report I noticed that they had listed the account as a credit account and not a collections account. In turn they dinged me a 90 day late every single month for the 2 years or so that I was fighting them over the debt. So now sure it shows the debt was paid but I have many 90 day late entries. Its really assassinated my credit report. Anything I can do here? Anything that regulates this. I figured going to collections was bad enough but I just was not sure if they could report it as a credit account and keep hitting me with late payment notices.
Any help is appreciated
