 I got a call from a collection agency, should I call them back? |
| They left a robo message with their phone number. I'm pretty sure it's about an old student loan, what should I do??... |
|
 The collection agency called my son and when he asked for an address to write them, they refused.? |
| My son wanted to mailed the collection agency a settlement offer and the company said they can't give out the address without a verbal agreement to pay the debt. They wanted an electronic ... |
|
 Credit repair? United Credit Association? |
| Has anyone heard of United Credit Association? They are a credit repair agency. I want to know if those agencies are legal and if they really can repair your credit. My realtor recommended it to me ... |
|
 Can I use SBI DEBIT CARD for online payment in india? |
| means can I buy anything like watch, t-shirt, jeans etc. online using sbi debit ... |
|
 My boss ran my credit without my permission? |
| I just found out that my current boss ran my credit report without my permission after I specifically told him not to. They lied to me to get my SSN and then ran it. My credit score is not good to ... |
|
 Free Credit Report Not Free-Stay away and check credit cards!!!? |
| Just found out my Discover card has been charged 25 a month for FOUR years because I used Free Credit Report.com. Seems I was automatically enrolled through CIC. I knew about a 10 dollar a month ... |
|
 Credit card debt question options? |
| I have maxed one of my credit cards ($2000). I work full time so I can pay it back over time, but the thought of having that debt on my credit card scares me a little. The minimum payments are $25 ... |
|
 Bad credit help!! experiences expertise please. process of a loan and is comfused!?!? |
| Hello fellow members, I am actually looking through this one company www.eastpointlending.com trying to get a personal loan and I have been working with one of the consultant. I have gone over the ... |
|
 Credit Cards? |
| I owe two credit cards and they are about 1400 each there is one that charges more interest than the other one. So my question should I pay them equally or pay more money to the one that has the ... |
|
 Will this fix my credit? |
| I am 19 years old and just recently checked my credit score. I have nothing on it except one colection agency balance. It is a balance I owe from 6/1/2004 for $125. My credit score is very low 568. W... |
|
 I want to get a mortgage but been refused as i dont have credit? |
| i would like to get a mortgage but i have been refused due to bad credit - i have 1 default thats it! my problem is im trying to build a credit rating for myself as i dont have 1 im only 19! are ... |
|
 Where on the back of my credit card do I sign? |
| I just got my new Visa credit card in the mail...and I'm wondering if I have to sign the back of it or anything since in part of my mail it says "sign the back of credit card to verify"... |
|
 Credit card minimum purchases? |
| Two stores where I live have signs up that say they won't accept a credit card purchase if amount is under 3.00. Is this legal? This is Alabama.... |
|
 Credit Collections - Who Do I Pay? Collector Or Creditor? |
| I was involved in a hit and run motorcycle accident, I was hit by another bike while riding mine. Now I have 2 collections medical bills that made it's way onto my credit report that I refused ... |
|
 I have bad credit!? |
| i dont know my score but it isnt good, at all! what can i do to start repairing this? i am already paying off debits, i have 3 of 5 paid off, but that alone work, what else should i do? i was ... |
|
 What's the best way to pull yourself out of a huge amount of credit card debt? |
| Let's just say your buried, and your not able to pay more than the minimum every month...is there a better way?... |
|
|  |
joey1 | A collection is deleted from my credit report, do I still have to pay them? |
I made a settlement with a collection company, I did some research on the web and decided to dispute them on my credit bureau, 30 days later the credit bureau deleted the collection account from my record. In the meantime I made arrangements with to pay them off. Do I still have to pay them even though they are not on my credit report? |
 |
 
Greg C
 |
Yes, you should pay them.
While disputing the reporting on a credit report may get the entry removed, it isn't a permanent fix. Unlike what a previous answerer stated, the creditor who "lost" the ability to report (probably because they didn't respond to the credit bureau in time) CANNOT report again. The credit bureau typically doesn't allow it or removes it when they notice.
However, if the collection agency sells the debt to another agency, then the new agency can report it, as they now own your debt.
The reason you should pay it is because there is always a likelihood the collection agency can send the debt to an attorney instead of a new collection agency, and the attorney may pursue legal action, in addition to reporting to your credit report. |
|
stephenweinstein
 |
Yes. Your credit report does not affect whether or not you are required to pay. |
|
bdancer222
|
If you made a settlement offer, you have probably acknowledged the debt and restarted the Statute of Limitations (SOL). The creditor can sue if you don't pay as agreed.
Also, the item may have been deleted temporarily but it could indeed be put back on your credit report if it is still within the 7-1/2 year reporting period. |
|
src50
|
Credit report information does not necessarily reflect what is or is not a legal debt. |
|
Kat
|
If it is actually a collection company, ask them to validate the debt and send you a copy of the contract that you signed with them for this account. Tell then that you researched the account and cannot find anything that shows that you owe this. They cannot prove this becasue you never signed anything with them. They will tell you that they are collecting for the original account holder. Chances are that the original account holder charged it off which by law they have to do after 6 months. Once they have charged it off their insurance pays them in full and the account is zero out. They sell these "fiat" accounts for 10 cents on the dollar and then the colledtion companies say they bought the rights to collect which is a lie because the original account was paid in full by the insurance company. Therefore cannot collect legally. I work for a credit attorney. |
|
kapn
|
Yep..you owe... |
|
FRANK
 |
The debt still exists. It makes no difference if it shows on the credit report. For example, if you had a personal, unsecured debt from a friend. That would not be on your credit report. But, you would still owe the money. |
|
``The Floridian``
|
They have the option of re-instating the negative information if you do not follow through and pay them as agreed, Yes. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 26 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
6 | 4 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
6 | 2 day(s) ago
| | | |
7 | 1 week(s) ago
| | | |
9 | 3 week(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
