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
Pusgnia

0 Contributions
0 People Helped
Pay the collection agency or the original creditor?
I received a written notice from a collection agency stating they're willing to accept 50% of the balance due to settle my account. Once paid, their records will reflect the status of my account with the collection agency as closed as settled.
My credit report has yet to show that this account is in collection. I would like to avoid any derogatory remark. Is it possible to negotiate with the collection agency on this, or am I better off paying the full amount to the original creditor, in order to avoid the negative strike on my credit report?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
67 Contributions
13 People Helped

How old is the debt?  Are you 100% sure they're not on any 3-credit bureau's?  If it's still within where the collection agency can sue you I would get it in writing you'll agree to pay IF they will delete the "tradeline".  Paid collection is still negative no matter what.  If the OC won't accept payment (which would be better) negotiate with the collection agency.  Now if it's out of SOL and it would technically fall off from your report (7 years after the first date of delinquency, not major) then I would consider leaving it alone unless you are applying for a mortgage loan.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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.