PFD response not good – how to remove paid collection?

Hi Addison.

Welcome to the forum.

I just can say you should try again and again as if you don't pay them it will ultimately hurt your credit. So pay it off as you have already mentioned. Then inform the credit reporting agencies to update it on your credit report. BTW CRA will not remove the collection from your credit report but only update it if you pay it off.

Feel free to ask if you have any further questions.

Best of luck,
Larry

why in the world would someone want an open collection to appear on his credit report, but not a paid collection account? the misinformation in the credit industry is atrocious, and this is symptomatic of that.

i guess i've been blessed in that i have never failed to pay a bill in full. there are many of us in that situation, but many more, i believe, in the opposite situation - that of owing on collections.

maybe it's just because of my being blessed, but it is unfathomable to me that someone would simply think it is a good thing to not pay a bill.

I agree with George. I am of the mindset that if I made the bill, I owe the bill. No excuses.

I have one question:

I have 3 small limit cc's that were charged off and sent to collections in 2006 & 2007, but are currently reporting by the original cc companies. The last update on 2 of them was just this week. The other one was in 11-07. I also have the collection accounts that purchased them listed on my cr as well.

Who should I pay? The original company or the collection agency?

Sorry George but I totally agree with Addison on this one. I don't know if you understood what she is trying to do here. Sure a paid collection looks better than an unpaid collection but if the creditor eventually caves in and agrees to delete the item once paid, would that not look better than having a paid collection on your cr?

Addison, how long has the account been past due or when was it sent to collections. I have a friend who actually called all of his creditors to whom he had past due accounts and told them all that he only had enough money to payoff one of them and he is goiing to pay off the first creditors who agrees to delete it once paid. Of the five creditor he had two of them agreed to this and it helped him out tremendously. Eventually he paid the others off as well and had a few paid collections showing on his report but three is much better than five.

It's always worth a shot. :D

George you should consider yourself blessed, but it's very arrogant of you to say people think that it is a good thing to not pay a bill. I'm sure if addison had the money to she would certainly be paying all of her bills on time. I'm sure you might even have friends or family members who have trouble paying their bills, but that doesn't mean that they think it's a good thing...

first of all, scott; i'm not accusing addison of thinking it good not to pay the bill. i am talking about those whose advice suggested it. and of course i have friends and family members who have trouble paying bills - please don't distress me by using my words in the wrong fashion.

my question - please reread it - is why would having an open collection make sense on a credit report while a paid collection doesn't? if that can be explained to me, i guess i will capitulate on the topic. i don't believe, however, that there is much logic to be found in that argument.

furthermore, addison (in the very first post) indicated a desire to pay in full. never have i made note of anyone's intention to pay bills late. i've been in this business long enough to know that people run into problems; i've run into enough problems of my own to know better.



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SEE? LOL - i got so worked up seeing what you wrote, scott; that i forgot to login before responding. yes, indeed, this is truly my post.



first of all, scott; i'm not accusing addison of thinking it good not to pay the bill. i am talking about those whose advice suggested it. and of course i have friends and family members who have trouble paying bills - please don't distress me by using my words in the wrong fashion.

my question - please reread it - is why would having an open collection make sense on a credit report while a paid collection doesn't? if that can be explained to me, i guess i will capitulate on the topic. i don't believe, however, that there is much logic to be found in that argument.

furthermore, addison (in the very first post) indicated a desire to pay in full. never have i made note of anyone's intention to pay bills late. i've been in this business long enough to know that people run into problems; i've run into enough problems of my own to know better.

Sorry George but I read the original post again and then reread your post. I still have come to the same conclusion.

I wish you would reread my post and try to take a deep breathe first. I didn't say you accused addison of anything. The reason I said you were being arrogant is simply all about the last sentence to your post George. "maybe it's just because of my being blessed, but it is unfathomable to me that someone would simply think it is a good thing to not pay a bill."

I've never heard of anyone who thinks its a good thing to not pay a bill.

"first of all, scott; i'm not accusing addison of thinking it good not to pay the bill. i am talking about those whose advice suggested it", if you were trying to imply that I was the one giving advice about not paying the bill, again, please reread my post(with the deep breathe of course.) I didn't read anyone suggesting that addison not pay the bill.

"why in the world would someone want an open collection to appear on his credit report, but not a paid collection account?", again I don't think you understood addison's post, and with the way you worded that response it sounded like you were implying that addison felt that way. addison doesn't want either of them to show, addison wants it removed completely, which in some cases is possible and would be for the best if that happened.

What do you think George? You seem to be very upset with me but I honestly feel that my post was justified by your response...

boy oh boy...i am certainly not upset with anyone. i am simply of the mind that one ought to strive to pay a bill. period. if that is misconstrued as some sort of accusation, i guess i should just shut up.

i don't suppose any of us care for being called "arrogant." if i am, i am - i happen to think that i am not arrogant. however, i also know that i am unable to control how people view me.

i guess my question about why one would want an open collection but not a paid one on a report stems from reading - in these forums - on a consistent basis, comments from others that advise people not to pay an old bill. perhaps i overstepped my bounds on this particular instance, but i won't concede on my thought that there is an all-too-far reaching lack of responsibility in the american mindset when it comes to paying bills.

unfortunately, many of those with damaged credit records (sub-550 scores, for example) feel that it is the creditors who have done wrong. by that, i mean that they feel their signing of a contract promising to pay doesn't really mean that. i spoke to a guy yesterday who has a repo on his report. "well," he explained, "the transmission blew on the car, and the bank wouldn't work with me." rather than "accuse" him of anything, i simply let the comment go; but it is clear that the borrower felt there should have been some kind of forgiveness from the lender for the unfortunate circumstance.

now before i get accused of being arrogant about this...i definitely understand the hardship that a failed transmission on the vehicle may have caused the borrower, but i didn't hear a hint of desire in our conversation that he would have made sure that the payments were made on time even while repairing the car. i also didn't hear that the car in question was a certified lemon - that would have given him some relief here in connecticut.

okay, i've droned on long enough. yes, indeed, scott; i am blessed. however, i've also been down the road of hardship, so i can commiserate with those whose credit standards have fallen. i will say, however - once again - that if a bill was created, it ought to be paid. if that can't be today, then whenever the time and financial position allows for it.

WHEW! i'm done.

Very well put George. Let me first say that I do appologize for calling you arrogant. I have always appreciated the advice you have given to me and others in this forum. I was probably being a little hot-headed but from the way I read your post it kind of sounded like you were bashing addison's thread, but I now understand you were speaking in general and not trying to point any fingers at anyone specifically.

You are absolutely right that too many people do not take the contracts they sign serious enough. Or the consequences of backing out of that obligation. I too get frustrated with the mindset of some people that feel it's alright to just let bills go unpaid until their state's SOL runs up. They are also the same people that "just don't understand" why they can't get a home loan when they want to buy a house.

I feel that part of the problem with this nation's credit crisis is that, in the past, lenders were just too willing to work with people who have bad credit with the hopes of profiting from them. Now look where those lenders are, crying to the government for help to get them out of what they got themselves into... and if you read the mortgage, credit, and debt forums it sound very familiar doesn't it? Too many people want to find an easy way out of the mess they've created.

Sorry again if I insulted you George, and sorry to everyone reading this post listening to us ramble on here...

I have one question:

I have 3 small limit cc's that were charged off and sent to collections in 2006 & 2007, but are currently reporting by the original cc companies. The last update on 2 of them was just this early this month. The other one was in 11-07. I also have the collection accounts that purchased them listed on my cr as well.

Who should I pay? The original company or the collection agency?

Welcome back nykorh.

You should pay the due debts to the collection agencies. When you pay off the debts, ask the credit report agencies to update it to the Credit Bureaus. It will have a positive impact on your credit report.