Got FICO? Posted August 2, 2006 Report Share Posted August 2, 2006 I settled with a CA on an account. Got written statement from CA stipulating that account would be listed as paid in full. The account has been deleted by EQ and on the other two it still lists as derog. c/o settled less than full amount and on the other payment after c/o and has a balance listed less my payment.What is my plan of action? Do I have one.............. Link to comment Share on other sites More sharing options...
Recovering Attorney Posted August 2, 2006 Report Share Posted August 2, 2006 imo, if you do not have something in writing signed by the OC, you are out of luck. Link to comment Share on other sites More sharing options...
playmaker Posted August 2, 2006 Report Share Posted August 2, 2006 Keep disputing eventually they want reply in 30 days. Playmaker Link to comment Share on other sites More sharing options...
Got FICO? Posted August 2, 2006 Author Report Share Posted August 2, 2006 Recovering Attorney that's not good newsHow can CA's make agreements like that? I ought to have some type of defense since I have something written by a company that was working for them; you would think that they would have the authority to make some sort of decisions? Should I try to send my letter to that CRAs and payment docs and dispute it again?orPlan B......I have an existing account with the OC never late but then again just opened it. Could I use that as leverage to negotiate a good rating by offering to pay the difference $324 but then again my CL is 300. Has anyone done this with Household? HELP Link to comment Share on other sites More sharing options...
divemedic Posted August 2, 2006 Report Share Posted August 2, 2006 Especially if the CA was a JDB, any agreement you have with them is not binding on the OC, and depending on the wording of the agreement, it may not be binding on the OC if the debt wasn't sold.That is why I tell people to only pay an account that has gone to collections as a last resort. You get burned more often than not. Link to comment Share on other sites More sharing options...
Got FICO? Posted August 3, 2006 Author Report Share Posted August 3, 2006 Thanks for the advice dive, I am thinking that the debt wasn't sold only because the OC maintained a balance on my CR. It was more of a recent C/O 8/04. I would think that if they had sold it then the balance would have been listed as $0. But I am so new here that I really don't know, other than asking the OC how would you know??? My thinking here is that the OC owned it and employed the CA, I think it was Asset to collect. Please let me know if I am wrong. I need damage control. I don't want this account showing as a derog and it was my debt minus the 200%+ percent interest accrued. If I have to pay 324 dollar remaining fee, I don't care. I just want clean credit and to know the best way to handle this........dispute again & again or call the OC? Much advice is solicited on this, THANKS Link to comment Share on other sites More sharing options...
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