Hannimal Posted November 1, 2012 Report Share Posted November 1, 2012 (edited) I am currently dealing with a law firm that tried to sue me back in the spring. We came to an agreement, and I made the first payment, and was unable to make any more. I got a letter last month asking if I was going to make good on the agreement. I replied that I would like to, in exchange for a deletion. They told me that they couldn't do that because they don't communicate with the credit bureau. However, the payment I made in the spring is reflected in the "Last Payment Made" column. It is not reflected in the "Balance Due" though. I disputed the debt with Equifax and haven't heard back yet. Who owns my debt? How can I get it off my report? Edited November 1, 2012 by Hannimal Spelling Link to comment Share on other sites More sharing options...
thomassl Posted November 1, 2012 Report Share Posted November 1, 2012 Since you have your credit report, did you look at the section to see whether there was a "charge off" showing a zero balance from the original creditor? When you received the letter from the original lawyer, didn't it indicate who they were representing? I suggest looking closely at your credit report to see who is stating you have a remaining balance. Link to comment Share on other sites More sharing options...
Hannimal Posted November 1, 2012 Author Report Share Posted November 1, 2012 They are representing Capital One. The report says it's Capital One and is listed as "Account Closed by Credit Grantor." Link to comment Share on other sites More sharing options...
1stStep Posted November 1, 2012 Report Share Posted November 1, 2012 Capital One rarely sells their debt to anybody else... Link to comment Share on other sites More sharing options...
Hannimal Posted November 1, 2012 Author Report Share Posted November 1, 2012 Okay....so does that mean I should be able to negotiate with them directly?Is it as cut and dry as "If they'll talk to me about it, they own it. If they won't talk to me about it, they don't?" Link to comment Share on other sites More sharing options...
1stStep Posted November 1, 2012 Report Share Posted November 1, 2012 Cap One will probably refer you back to the attorney... so it looks like you are stuck dealing with them. Link to comment Share on other sites More sharing options...
Hannimal Posted November 1, 2012 Author Report Share Posted November 1, 2012 So, does the attorney have the power to negotiate the "pay for delete?" Link to comment Share on other sites More sharing options...
1stStep Posted November 1, 2012 Report Share Posted November 1, 2012 They could, but you will probably need to make it compelling for them to do so - like paying the balance in full... also get any agreement with them in writing before remitting funds. Link to comment Share on other sites More sharing options...
Hannimal Posted November 1, 2012 Author Report Share Posted November 1, 2012 Thank you very much for your help. Link to comment Share on other sites More sharing options...
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