LearningCredit Posted November 26, 2004 Report Posted November 26, 2004 I have a paid-in-full account with a collection agency and they claimed that they have "Red-Flagged" my account. What does that mean?
DocDon Posted November 26, 2004 Report Posted November 26, 2004 The CA said this? They red flagged your account? Or were they saying the CRA red flagged your account?
LearningCredit Posted November 26, 2004 Author Report Posted November 26, 2004 The CA said that they red-flagged my account or have taken the red-flag off. I can't remember exactly what they said. But they meant that they were going to contact the CRA's and delete my account. I just want to confirm it here though.
DocDon Posted November 26, 2004 Report Posted November 26, 2004 O.k. then. If it came from the CA it's nothing but mumbo jumbo. The only time you need to be concerned with "red flagging" is when you're dealing with the CRA.With CRA's, if you file formail complaints, send an ITS, or bring litigation, your entire folder is flagged for "special handling". This means you are given a specific representative to work with who is rarely available to speak, and rarely returns your calls. It's a huge pain the rear, which is why if you go after a CRA, go all-out. You're file will be flagged anyway, and you might as well get some compensation for their violations.Hope that clears it up.
LearningCredit Posted November 26, 2004 Author Report Posted November 26, 2004 Thanks DocDon. What is ITS?
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