BENNY Posted March 13, 2007 Report Share Posted March 13, 2007 I want to settle my debt, which I owe only about $12,000 and 7000 of it is one medical bill. I have all of the OC contact information. I just would like to know how to go about contacting them and paying them off in full if I have to. I was wondering how that would effect the CA and how to get them to stop reporting to the CRB immediately. I have the money to pay off all of my debt except that one medical bill. My CRS was 500 and in the past month and a half I have raised it to 551, Equifax. I want to try to get it up to 650 or 700 if possible before next year. Link to comment Share on other sites More sharing options...
someonesomewhere Posted March 13, 2007 Report Share Posted March 13, 2007 Has the SOL run? If so, then dispute it with the CRAs, then dispute with the OC.If not, then do a search of the forums for PFD or "pay for delete". Link to comment Share on other sites More sharing options...
divemedic Posted March 13, 2007 Report Share Posted March 13, 2007 Before doing that, DV the CA. Frequently people come here, and try to take the shortcut and wind up with a paid collection for their trouble. Link to comment Share on other sites More sharing options...
someonesomewhere Posted March 13, 2007 Report Share Posted March 13, 2007 My bad. I missed the CA reference in the original post. Dive is absolutely correct. DV the CA first. Link to comment Share on other sites More sharing options...
myscoresawful Posted March 13, 2007 Report Share Posted March 13, 2007 One of the main reasons for DV'ing the CA, is the chance that there is no longer valid proof of the debt (if it is more than a few years old).If that is the case, then you would end up getting the account removed from your CR and not have to pay it as well. DVing the CA is better as a first step, and you have to go about DVing the OC totally different.Like someone said above, if they validate the debt, try for the "pay for delete" method.Paying the OC and ignoring the CA will NOT have this automatically removed from your credit report. (unless you get it in writing from the OC that they will withdraw the collection from the CA, and then they most often have to say "opps, we goofed")The thing about paying the OC directly is that they have an agreement with the CA that while the CA has this in their hands that no matter *who* gets the money, CA or OC, the OC still has to pay the CA their percentage (most of the time 40% of the debt, so they will still get their fair share. Link to comment Share on other sites More sharing options...
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