collection acct settlement
Date: Wed, 03/18/2009 - 15:19
Paying an account in full is not going to fix your credit report
Paying an account in full is not going to fix your credit report. They will report as PAID COLLECTION. And restrictive endorsement is not valid in most states.
Please provide us some more details like the state you live in a
Please provide us some more details like the state you live in and the date you made your last payment.
It has been awhile since payments were made, some are 3-5yrs old
It has been awhile since payments were made, some are 3-5yrs old I live in New York
If you have not already done so, pull your free reports at www.a
If you have not already done so, pull your free reports at www.annualcreditreport.com. Compare all tradelines to make sure they are reporting accurately on all 3. SOL in NY is 6 years from the date of last payment so you are still w/in SOL. There is an approach you can use but I don't normally recommend it if you are w/in SOL. It's called teh 1-2 punch. You send a debt validation request to the CA reporting and when they recieve it, dispute with the CRA's. If the CA verifies the tradeline with the CRA's before providing validation, they have violated the FDCPA. Do a Google search for "1-2 punch" for more info. PM me if you need any other assistance