Thinking about paying a collection account? Your credit scores may not improve unless you get the collection account deleted with a pay for delete agreement.
Original creditor is no longer reporting an account to the credit bureaus but debt collector is reporting new dates on the account. This action is re-aging an account which is illegal.
You have the right to stop the debt collector threats and stop debt collectors from calling and writing you. But that does not eliminate the debt.
When a debt collector asks you to provide proof you owe a debt, don’t. It defeats the purpose of the debt validation process.
You can request a debt collector verify the amount and validity of the debt they claim is owed by you. Validation is helpful when debt is repeatedly sold.
Disputing an old collection account can trigger the collection agency to renew their collection efforts or sell the debt to a new debt collector.
Proceed with caution if a debt collector calls you out of the blue. It may be a scam collector especially if they threaten arrest, legal action or wage garnishment.
If a debt collector cannot provide debt validation, you may be able to negotiate a reduced settlement of the debt, or even eliminate the debt in full.
If a debt collector charges high interest, review your state debt collection laws along with the Federal FDCPA which puts limitations on debt collectors
Don’t let medical debt unknown to you sit on your credit reports, there are steps you can take to have the negative marks deleted.