American General/Collection Agency
Date: Sat, 12/05/2009 - 10:31
If American General has sold my account to a collection agency, are they required to show this account with a $0 balance and transferred to a another lender? If so, should I send them a letter stating the fact. Any case law with this issue would be helpful. ASAP
You need to verify with the collector that they actually own the
You need to verify with the collector that they actually own the debt. Send a DV to the collection agency. If they're a 3rd party collector, I believe it will show on your credit report as charged off and can either show a $0 balance or the $ amount that was written off.
If this collection agency is simply collecting on behalf of AG, you can tell them you won't deal with a 3rd party collector and work directly with AG.