Several years ago, I had a Bank of America account charged off and sold to a collection company. For several years now, I have been paying them $200 a month. The balance is $13,000. I received a call today from the collection company, Century Liquidation and he offered me a settlement. I told him that I could not accept the offer that I would continue to pay $200 a month. He asked me what my credit score was and told me that I could probably get a personal loan to pay this account off. I told him that my score was too low. He said, well let me take a look. I told him that he did not have my permission to pull my credit and he said he wasn't that it is already on the system. He said he was turning my account over the their credit department and they would discuss my current paying plan of $200 a month. This account has not been showing on my credit report for about a year now. Can they add this account back onto my credit report and is there a process they must go through? I am in the process of buying a new home and the builder will probably check my credit one more time before settlement. Currently my mid score is 636 so I can't afford for this account to now show up on my report. Any suggestions? And by the way, he did pull my credit as I checked and it showed up under RAS Group Inc in NY.
