Texas, The first thing you could do is go to "www.freecreditreport.com" and pull up one of your free credit reports and look to see if the collection agency is listed on there. If not then chances are the original creditor still owns the account and now would be the best time to try to work out some type of payment arrangement. One it is transfered to a collection agency then you will have no chance to get the OC marks off your credit. If anything call the OC and ask if they still own it and what you can do to work out a solution.
I know how you must be feeling getting 10 calls a day and also at a time when you are busy in school. Anyway, like Firey said, pull out your free report and find out the OC's name.
If your account is not sold and the OC still owns it and you do not want to work with the CA then talk to your original creditor (OC) about a settlement (since you do have to pay the debt if you owe it). If your OC agrees to work with you get into an agreement with them.
In the meantime, send the collection agency a 'cease and desist letter' to stop them from calling you anymore. Find a way to pay back the debt. _________________ Keep in touch
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.