Post # 1
I have one account that went to collection about 2 years ago, the only thing on my report, and I just want to pay it off. How do I pay the agency? I have read that you need to get the agreement in writing, get them a money order/cashiers check, and send it certified mail. That seems like a lot of work. Can’t I just send the little coupon with a money order, and keep a copy of the bill and the money order?
Post # 3
Call them first. A lot of times, you can have the debt removed from your credit report if you pay in full. If you take the settlement (usually 70 to 80% of the total debt), it will be listed as settled. Also, you can often pay by phone and you’ll get a confirmation number. It usually reflects on your credit report within 30 to 60 days.
Post # 4
That’s if you want to settle. If you want to pay it, and not have it on your credit report, just send in the coupon.
Post # 5
paying it off will not remove it from your credit history. it will still show that it was in collections but it will show that you owe $0. if you want it removed, call them and get a deal in writing that says if you pay it off, they will take it off your credit report.
Post # 6
I would go through the rigmarole in order to have everything documented. I’ve had to dispute a few accounts listed on my credit report from collection agencies that never reported that it has been paid in full. // You might be able to negotiate a deal about removing it from your credit report but it’s usually negotiated by the debtor.