@virgo wrote:Hello FICO gurus,
I'm going to try to make this question make some sense, it makes sense in my head but we'll see.
If your original creditor has sold your account to a collection agency and you pay the collection agency how do you get back in good graces with the original creditor do you pay them also?
If that's the case that would mean you pay them twice? Am I looking at this all wrong.
As always thank you in advance for any and all responses and happy New Year.
I do not believe there is a way to get in good with a creditor after you've paid an outside collection agency.
Once your account was sold, the original creditor no longer has a right to collect the debt from you...
I suppose in theory, you could attempt to repay the difference between what they sold the debt for and what you owed (making them whole)... but doubt any company you'd want to do business with would go for it.
Most of the creditor's that blacklist debtors either use an in house collection agency or retain ownership of the account and pay a collection agency to attempt to recover the debt. In this instance, making the creditor whole is more legitimate because they never sold your debt.
If any pop to let you back in. Disco will beat Chase who has a long memory. It will take a while. Google "back in with discovery myfico" you'll see.
