Collection agencies reporting paid debt to CB
Date: Sun, 01/10/2010 - 06:02
Several original creditors sold my debt which I paid off in full to collection agencies. All debt is gone but credit score is not going up. Not all collections have reported to CB that debt was paid. Question - is it better to leave it alone or send in my paid ltrs to CB? I was told that if more collection agencies show up on CR (even as paid) it will lower my score even further?.is this true? Thanks
The accounts would continue to appear even when they are paid in
The accounts would continue to appear even when they are paid in full if you haven't negotiated for 'pay for delete'. But the true status of the accounts should get reflected in the credit report. You might dispute with the credit bureaus if the status of the accounts haven't been updated properly.
