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I had a Macy's account that I settled thru a colle

Date: Wed, 03/09/2011 - 14:25

Submitted by Trent
on Wed, 03/09/2011 - 14:25

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Total Replies: 1


I had a Macy's account that I settled thru a collections attny (Javtich/Block) for $1600 on a $2300 balance. My letter from them states the "account will be settled in full" upon receicpt of payment. On my credit report, the account is not mentioned as "settled" anywhere and they are still reporting a balance of $632. I called them and they said they will always still report balance on settled accts. Are they legally allowed to do that?