Original Creditors and collection remarks
Date: Sat, 02/17/2007 - 10:01
When your payments are accepted by the original creditor, they w
When your payments are accepted by the original creditor, they will inform the collection agency about the arrangements and not to call you anymore. They will prompt the CA to remove their reporting from your credit copy. In most cases, it gets done.
Most creditors and collections agencies are on a reporting cycke
Most creditors and collections agencies are on a reporting cycke. Once a week, month, 60 to 90 days. It's possible that their cycle hasn't passed yet and it has not been updated yet.
Also while ou might be able to deal with the origional creditor you must ask them to recall your account.
In some cases, CA's work under a contract with the OC for a spec
In some cases, CA's work under a contract with the OC for a specified period of time, usually 6-12 months. In these cases, a C&D doesn mean that the acount gets closed and pulled back. Any payments you sent to the OC, go directly to the CA. When I was collecting student loans, some of our clients on the credit card side had it written into the contract that a C&D was grounds for litigation.
