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Settled accounts

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Settled accounts

If you have settled an account about four years ago, can another collection agency now collection for the amount that was written off by the first collection agency or the original creditor?
 
Thank you
bkmep1255
Message 1 of 4
3 REPLIES 3
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Moderator Emeritus

Re: Settled accounts

I'm moving this to the rebuilding your credit forum.
Message 2 of 4
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Moderator Emeritus

Re: Settled accounts

If you have the agreement in writing, I would say no.
Message 3 of 4
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Regular Contributor

Re: Settled accounts

I agree- if they agreed to the settlement then it should be settled in FULL, not part... hence the term "settlement."
 
I've settled on 2 charged-off accounts and both report as Settled in Full on my CR's.
Message 4 of 4
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