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mgman1313

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reporting to the credit bureaus
how can I report to the credit bureaus that I have paid off a debt? the reason I ask is because the collection company stated that they will not report the information to the bureaus. Thank you

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Is the collection account on your reports? If not, you DEFINITELY DO NOT want it reported as you do not want collections on your credit reports. You do not "get credit" for paying collections or other negative debt as you do for paying accounts open in good standing. If you do have a collection account on your reports and you've paid the balance, the balance should be updated and if the debt collector is refusing to do this, then they are violating the FDCPA, FCRA, etc. and you can go after them with legal action. You could also dispute the account with the credit bureaus listing it if the amount is incorrect. If the account is not on your reports, do nothing and never ask a debt collector to add a collection account to your reports.

Reply by
mgman1313

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Thank you for the information! very helpful!!

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