lostinCREDIT Posted March 11, 2011 Report Share Posted March 11, 2011 (edited) Hi. I have a Credit card (chase) that has been in collections.it has been sold to a Debt Collector. They Called me today to Settle for $400. Balance on Credit Card is $800I am fine with the $400. I also have the $800 to pay in full.What im asking is, Is it better to pay it without settlement Of $400? If paying $400 will show settled, and the same if i pay $800Why pay more?I want to pay it regardless but i DO not want to Pay the debit collectors (Have been Lied to constantly from other Collectors and afraid they will take money and ask for more)Can i call my Original Creditor(chase) and just pay them in full?Here the info from credit reportCurrent Status: CHARGE-OFF Credit Limit: $500 Balance: $817 Amount Past Due: $817 Comments: Charged off account, Account closed by credit grantorCredit Card #2Capital ONEWas in collections and i paid monthly payments. recently the Orignal creditor*capital one* has been sending me Letters to call them.( i will try to call them and ask to have the account "paid as agreeed"(do not want to settle or deal with a debitcollector)Current Status: CHARGE-OFF Credit Limit: $2,000Balance: $2,067 Amount Past Due: $2,067Comments: Charged off account, Account closed by Customer requestTHERE ARE NO COLLECTIONS (on my credit report)Im getting more and more confused as i read will it show up if i Settle with the collection Agent ? Edited March 11, 2011 by lostinCREDIT Link to comment Share on other sites More sharing options...
lostinCREDIT Posted March 11, 2011 Author Report Share Posted March 11, 2011 Plans-..Send a DV to both Collection agencysWhen they Confirm they own the debt/validate it...Pay for Delete (but there is currently nothing on my credit report?) im i missing something??(or im i requesting them to delete the charge off from OC Link to comment Share on other sites More sharing options...
BV80 Posted March 12, 2011 Report Share Posted March 12, 2011 ..Send a DV to both Collection agencysWhen they Confirm they own the debt/validate itIf the OC's have not sold the debts, then the OCs still own them. The CAs are merely collecting for the OCs. Therefore, the CAs cannot delete the OCs TL. The OCs are under no obligation to delete their own entries. You can try to get them to agree to it, but don't be surprised if they refuse. Link to comment Share on other sites More sharing options...
Yazmin Posted April 5, 2011 Report Share Posted April 5, 2011 No, I have no idea about this..!Please share me about the loan.. I am starting my new business would you like to share with me, can I grant loan for this purpose..! Link to comment Share on other sites More sharing options...
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