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 Posted: Fri Feb 23, 2007 1:12 pm Subject: Debt issues with a collection agency |
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Is it illegal for the collection agency to report negative information to a credit bureau if i volunteer to pay half now and half in a month and i give them a check by phone to do so
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kmea4914
Joined: 23 Feb 2007
Posts: 1
Debtcc Points: 35
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| Posted: Fri Feb 23, 2007 1:24 pm Subject: |
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The collection agency came into picture only when your account reached to the negative state. Your creditors might have tried to get the payments, but when they failed to recover, they hired a debt collector.
Now, when the account reaches to the collection stage and they have your file with them, they are authorized to report collections to the bureaus. However, you can negotiate with them to remove their remark in exchange of paying the account in full.
Read this page and know how you can handle the collectors and remain aware of legal rights.
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FlyingCats
Debt Samaritan
Joined: 05 Aug 2006
Posts: 483
Debtcc Points: 6791
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| Posted: Fri Feb 23, 2007 1:28 pm Subject: |
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As stated they can report.Go to the credit repair section of this board and look for sticky called pay for
delete letter. Ask agency to agree to delete info in trade for last payment.You will need this in writing.Good luck
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cajunbulldog
Moderator
Joined: 20 Dec 2006
Posts: 4886
Debtcc Points: 37779
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FlyingCats
Debt Samaritan
Joined: 05 Aug 2006
Posts: 483
Debtcc Points: 6791
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