Question, i settled an account with a collection agency back in June for WAMU. How do I find out if they truly paid my creditor? I have an email stating that the account was paid in full but the lady at the collection agency told me she would send me an official letter in the mail, havent' received anything yet.
I know some collection agencies still work with the original creditor and when you pay them it goes to the creditor, correct? How about the accounts that go to collection agencies that don't work with the creditor? How do you get those off your credit report!
I'm just wondering if I'm able to get that charge off off my credit report for the credit card that was settled in full?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.