Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
k19m62c

0 Contributions
0 People Helped
debt settlement letter
I have been paying a debt collector for 3 years for a medical bill, they automatically deducted it from a credit card. my credit card expired, I called them to give them my new expiration date and they said they could no longer accept the payment I was making. they wanted a much, much higher amount and if I didn't agree they would turn me over to the credit reporting agencies. I told her that I would continue to make the same payment on their website. they sent me a letter stating; I have the opportunity to settle this account for 65% off the total amount due, if the payment is paid by due date 5/6/15. I was going to pay this settlement amount before it was due. but today on 4/25/15 it was turned over to collections in the credit reporting bureaus. what can I do? why did they turn it over before the due date on the letter, before I had the chance to pay the settlement. should I pay the settlement amount and then dispute it?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.