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it is in collection, but not in credit reports yet

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econberkeley
New Visitor

it is in collection, but not in credit reports yet

I got a collection letter about 10 days ago for few hundred dollars. Collection rep told me that it did not hit my credit yet and I confirmed that with all 3 credit agency reports. However, I don't want to be in a situation where I pay the collection and later the debt shows up in the credit reports few days/weeks later. Is there a form collection agency may sign stating that they did not, are not  and will not send this to the credit agencies? I can also record my conversation with the rep's name and id to protect myself. What should I do?

Message 1 of 6
5 REPLIES 5
FireMedic1
Community Leader
Mega Contributor

Re: it is in collection, but not in credit reports yet

Welcome @econberkeley What was the collection for? What date most importantly started this and who they collecting for?


Message 2 of 6
SouthJamaica
Mega Contributor

Re: it is in collection, but not in credit reports yet


@econberkeley wrote:

I got a collection letter about 10 days ago for few hundred dollars. Collection rep told me that it did not hit my credit yet and I confirmed that with all 3 credit agency reports. However, I don't want to be in a situation where I pay the collection and later the debt shows up in the credit reports few days/weeks later. Is there a form collection agency may sign stating that they did not, are not  and will not send this to the credit agencies? I can also record my conversation with the rep's name and id to protect myself. What should I do?


You should get it in writing that if you pay it, they're not going to report it.

 

Then if you pay it and they do report it anyway, file a complaint against them with the CFPB.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 3 of 6
econberkeley
New Visitor

Re: it is in collection, but not in credit reports yet

What about negotiating the price with the rep and get it in writing that I have paid it off 100%. Would that work? Any risk with negotiating the price?

Message 4 of 6
FireMedic1
Community Leader
Mega Contributor

Re: it is in collection, but not in credit reports yet

Again. Who is the collection agency and who are they collecting for? It might be a collection agency that deletes after settle/paid.


Message 5 of 6
SouthJamaica
Mega Contributor

Re: it is in collection, but not in credit reports yet


@econberkeley wrote:

What about negotiating the price with the rep and get it in writing that I have paid it off 100%. Would that work? Any risk with negotiating the price?


No that would not work. They can't lie.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 6 of 6
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