Collection Account

Anonymous · ‎07-26-2007

This morning I had a conversation with a collection agency. They were asking for a payment that could post for the month of July. I had asked for the balance of the account and I was quoted $2,200, I pulled my credit report and shown only a balance of $1890. I asked that if I paid the their full balance that they would remove it from the credit bureau. I was told no they could not because it was reported fairly. My question is what should be my next move.

Thank you guys and gals for all you insight

fused · ‎07-26-2007

dwash wrote:
This morning I had a conversation with a collection agency. They were asking for a payment that could post for the month of July. I had asked for the balance of the account and I was quoted $2,200, I pulled my credit report and shown only a balance of $1890. I asked that if I paid the their full balance that they would remove it from the credit bureau. I was told no they could not because it was reported fairly. My question is what should be my next move.

Thank you guys and gals for all you insight

PFD and be persistent!

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=2659

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

Anonymous · ‎07-26-2007

Call again and offer to pay in full if they will delete the account from all three CRAs... If they do not agree, don't pay - and follow up with a letter stating that it is your intention to PIF this account if they will agree to remove it from all three CRAs.

The process sounds VERY redundant, and it is... But it pays to be patient and committed to the resolution which at the end of the day involves the CA removing the TL.

Stick to your guns. You'd be surprised how well perseverance will take you.

Rob