Original Creditor sold to Collection Agency???
Date: Wed, 09/02/2009 - 09:30
I'm trying to repair my credit and have sent the original creditor a settlement letter but they sent a letter back saying that they've already sold my debt to a collections agency -- now both the OD and CA are on my credit report!!! Is that legal???
If I settle with the CA -- how will that reflect on my credit report?
If I settle with the CA -- how will that reflect on my credit report?
Yes it is legal as long as they are reporting correctly, Settli
Yes it is legal as long as they are reporting correctly,
Settling with a CA is still negative.
This is Chrys. It will say something like "Settled for Less Than
This is Chrys. It will say something like "Settled for Less Than Full Amount", or, if you successfully negotiate for it, "Paid As Agreed".
i called Lexington Law yesterday to ask how they handle charged-
i called Lexington Law yesterday to ask how they handle charged-off credit card accounts and the rep basically said that they would send out legal intervention letters -- does anyone know or have a copy of this?
