I have excellent credit. However, I decided to check my credit report last week, and find a collection account for $55. Call the collection agency and they tell me its for a music club subscription. I haven't opened one of these in years, and anyone who has ever opened one knows that you can open them in all kinds of names, you don't need a SSN just an address and a pen, hell when I was a teenager my dog got 10 free CDs from Columbia House.
I can't understand as to how can they put an item on my credit report without a SSN? I told the collection agency I will pay the $55 even though I feel its not mine if they delete it off my report, which they say they will after I pay. I told them no way, give me a letter stating you will delete when paid and I will pay you, but they won't do it. So there it sits.
Can you tell whether or not you have ever tried to get a validation of your debt? Debt validation lets you know whether or not the debt listed on your credit report is valid? You get to know who the original creditor is, and the outstanding amount of debt.
Send the debt validation letter through certified mail, requesting a return receipt. This will help you to retain the proof that you had sent the validation letter.
If this debt isn't your's the collection agency won't be able to validate this debt. You can wait for a month or two, and then dispute this item off your report.
However, you have mentioned that you have talked to the collection agency about payment. Was this done in writing? Another thing is that collection agencies can put an item on your credit report. This is quite common, though you can dispute that.
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.