frankiemack Posted March 8, 2005 Report Share Posted March 8, 2005 This debt is in collections.My total balance is $200. The collections agency offered a payment in full or a pay off of $150 and a re-opening of my Department store account. What should I do? Link to comment Share on other sites More sharing options...
divemedic Posted March 8, 2005 Report Share Posted March 8, 2005 Make sure that:1 The agreement is binding on the OC2 They state in writing that they have not and will not report derog info to your CR Link to comment Share on other sites More sharing options...
lyrech Posted March 8, 2005 Report Share Posted March 8, 2005 The only way I'd consider either option is if they're willing to delete all the lates/collections/COs and report the account "pays as agreed" or similar. Don't let them report it as "settled." If they are willing to do this, I'd consider reopening the account. HTH a little Link to comment Share on other sites More sharing options...
retmar Posted March 8, 2005 Report Share Posted March 8, 2005 Most definitely only agree to reopen if the TL is changed to reflect only positive information. This includes all lates, etc. Link to comment Share on other sites More sharing options...
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