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Shaquil

Joined: 19 Feb 2009
Shaquil's page
Posts: 13

482 Magic Points

Subject: Paid collection agency

Tue Mar 24, 2009 9:34 pm

On My credit report I have some collections that I have settled and paid them. The problem is the orignal creditor is still on the credit report even though, I have paid there collection agency. Should I write the orginal creditor to let them know I paid it?

nucknfutsim

Joined: 21 Mar 2009
nucknfutsim's page
Posts: 23

753 Magic Points

Subject: Subject: Paid collection agency

Tue Mar 24, 2009 11:45 pm

you can simply call the credit bureau and till them that the account has been paid and they will run an investigation and the account will be marked as paid or if your lucky deleted

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Wed Mar 25, 2009 5:55 am

If your debt has been sold off by the OC to a collection agency, and the collection agency has not listed its name against the debt, then the CA listing will not show on your credit report, but the OC listing will stay there for seven years and it cannot be removed before this period. However, since you have already paid off the debt to the CA, you can ask the bureaus to change the status of the listing to "paid" in your report.
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Shaquil

Joined: 19 Feb 2009
Shaquil's page
Posts: 13

482 Magic Points

Wed Mar 25, 2009 2:45 pm

Thank You both for your help, so carol if it says charged off from the OC I can get them to have it say paid?

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Thu Mar 26, 2009 7:14 am

Yes, if you pay off the debt, the credit report should show the status of the debt as "paid". If it does not show as "paid" in your report, you can dispute the listing with the bureaus and change it. However, you cannot remove the charge off listing completely from your credit report before seven years and six months from the date of your last missed payment.
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