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I Paid My Debt to the Debt Collection Agency and Then They Closed. – Nick

I paid a debt to a debt collection agency and a month later the closed shop without notice. My credit report still shows the debt and they can not be reached by phone or mail. I tried to settle it in civil court but the judge says that if they can not be contacted then there is nothing the court can do.

Can I with proof of settlement dispute this with the credit agencies? How do I go about getting this off my report?

Nick

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I Paid My Debt to the Debt Collection Agency and Then They Closed.   Nick
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Lewis Roberts

    Damon is correct. I would add… Make sure you send the dispute to all 3 credit reporting agencies by certified mail, return receipt. You may need to prove later that you did actually file the dispute.

    If later any derogatory reporting is not corrected, then you mail have a claim against the reporting agencies as well. It is the Fair Credit Reporting Act.

  • Lewis Roberts

    Damon is correct. I would add… Make sure you send the dispute to all 3 credit reporting agencies by certified mail, return receipt. You may need to prove later that you did actually file the dispute.

    If later any derogatory reporting is not corrected, then you mail have a claim against the reporting agencies as well. It is the Fair Credit Reporting Act.

  • Damon Day

    Yes Nick,

    You can simply file a dispute with the credit bureau that this debt was reported on. If it was reported directly from the collection agency, then it is likely that when the bureau asks them to verify the accuracy, they will not respond. If the do not respond than the bureau should remove it. So the first step would be to file the dispute, wait 30 days and see what happens.

    http://getoutofdebt.org/Damon-

  • http://DamonDay.com Damon Day

    Yes Nick,

    You can simply file a dispute with the credit bureau that this debt was reported on. If it was reported directly from the collection agency, then it is likely that when the bureau asks them to verify the accuracy, they will not respond. If the do not respond than the bureau should remove it. So the first step would be to file the dispute, wait 30 days and see what happens.

    http://getoutofdebt.org/Damon-Day

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