Best way to pay a collection agency?

posted 3 years ago in The Lounge
Post # 3
Member
2368 posts
Buzzing bee
  • Wedding: June 2014

 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
Member
3570 posts
Sugar bee
  • Wedding: September 2011

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
Member
2527 posts
Sugar bee
  • Wedding: December 2011

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
Member
1722 posts
Bumble bee
  • Wedding: September 2012

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.

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