I have 10,000 in debt with a score 610 and 17 derogatory marks…want to know if this myth is true?
If your original creditor sold your debt to a collection agency, they also wrote off your debt on their taxes which wrote off your obligation to pay. You can dispute the transaction via dispute.transunion.com (along with any other collection agency owned items lingering on your report). Your dispute reason is “contract was cancelled” and write “NO CONTRACT” in the dispute comments. I have cleared THOUSANDS off my own report and have been working to help my friends and family do the same! for FREE! Peace and love to all! Knowledge is power! 🙂
It’s not true.
A write-off is an accounting function and has no bearing on the underlying debt and contract for the debt.
Disputes like this can easily reappear on the credit report when the creditor does the next data dump.
Even more importantly, it would give you and others the false impression that the debt is not collectible. Just because a debt has been written off and reported to the IRS ir can still be collectible and you can still be sued over the debt.
I’m afraid you are conflating apples and oranges here. The sale of a bad debt or the required reporting to the IRS as a bad debt has no impact on the debt owed.
That being said, there are valid ways to verify the debt is currently valid as it passes through new hands but relying on a credit report dispute is not one of them. Don’t forget, there is more than one major credit bureau.