An opportunity to reinstate your account!!

I got the exact same letter. I had 3 surgeries since last year and have only recently started getting Social Security before that I had no income for 1 year. This is how it appears on my credit report, not sure if it's legal or not. If it is legit and I get the offer again I would do it. You can also call Macy's and see if they will take the payment.

Status:Closed/Past due 150 days. $40 past due as of Oct 2006.


Date Opened:07/2002
Date of Status:10/2006
Reported Since:09/2006
Last Reported Date:10/2006


Type:Revolving
Terms:N/A
Monthly Payment:$10
Responsibility:Individual

Credit Limit:N/A
High Balance:$407
Recent Balance:$308
Recent Payment:$0

Creditor's Statement:Account closed at credit grantor's request.

Account History:
150 days as of Oct 2006
120 days as of Sep 2006

Yup....I have heard of Macy's doing this before.

That's nice of them, I may take them up on this offer after the new year.

Today I got the same thing from the same agency on behalf of Macy's and was wondering if it was legit or not. If so I may take up the offer as well. I'll give them a call on Monday to look into it a little more.

There is nothing to stop them from closing the account again after their next credit score review. I would be careful. This is a good way for them to get their money, reinstate your account and then close it again after a "normal" credit review.

Hey I got that some offer and I just got my macys card. I thought I wouldn't get it too but they worked with me. And whats so funny is that the same collection agency is getting more of my delinquent accounts and sending me offers from left to right.