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If account is paid, must collection agent remove it.

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rominempire



Joined: 20 Mar 2009
rominempire's page
Posts: 1



19 Magic Points
Subject: If account is paid, must collection agent remove it.
 
 Posted on Fri Mar 20, 2009 4:34 am  
Account sent for collection 6 months ago. If I pay the account, must the collection agency remove it from my credit report?
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889



1356 Magic Points
Subject: credit
 
 Posted on Fri Mar 20, 2009 6:52 pm  
NOPE...not necessarily. It's the discretion of the CA. If the debt was sent to a CA only 6 months ago, then the SOL (Statue of Limitations) hasn't past yet. They STILL could try and collect the money from you, some how. FIRST..I would send a Verification letter to them, so they can ( or can not) verify that the debt is yours. If the debt IS yours, it doesn't matter whether you make small payments to pay it off OR pay the ENTIRE amount in one lump sum, it's STILL the decision of the CA. They have 30 days to respond ( usually about that time, anyway). Let me know an 'update'.
ensurepune

ensurepune

Joined: 17 Feb 2009
ensurepune's page
Posts: 102



510 Magic Points
 
 Posted on Sat Mar 21, 2009 7:39 am  
Code:
If I pay the account, must the collection agency remove it from my credit report?


i suppose paying full or part payment will have impact on the consequences whether they will remove your name from your credit report or not? so what options you are trying full payment or part payment. Wink

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