Subscribe to our mailing list

X

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

By on November 22, 2010
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




This reader question was submitted for site members to answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.

If you have a credit or debt question you’d like to ask just use the online form.


READ  I Am Getting Married And We Want to Buy a House But My Credit Isn't Great. - Kelli

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About 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.

4 Comments

  1. Lewis Roberts

    November 24, 2010 at 7:11 pm

    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.

  2. Lewis Roberts

    November 25, 2010 at 12:11 am

    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.

  3. Damon Day

    November 23, 2010 at 12:08 am

    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.

    https://getoutofdebt.org/Damon-

  4. Damon Day

    November 23, 2010 at 5:08 am

    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.

    https://getoutofdebt.org/Damon-Day

Share a Comment / Leave a Reply

%d bloggers like this: