Hi !! I have three CC which are in collection. I joined a Credit Counselling service [CCS] and have been paying regularly every month for the past 18 months or so. But as of now i am in a dilemma. I cannot seem to get an accurate balance on my accounts from either the CCS or the credit card company. When i call up the OC they say that the account is in collection and therefore not with them anymore and so they cannot give the balance. When i call up the CA i get the same cock and bull story. My CCS does not seem to be of any help. I dont know if i am still paying interest on accounts which are in collection or not. Its real frustrating because i am paying nearly 400 dollars a month and my balances do not seem to be going down. Also none of the collection agencies or the OC are reporting it to the CRA. So when i pull my report from the CRA they still show older balances as they were the day the account went into collection Please help thanx in advance.
When you say in collections, you mean they were charged off, and then sold to a CA? If they were sold the OC should be reporting a -0- balance on your credit reports. Who is your credit counselor paying?
Ouch! :/ I am not giving advice here, but I, personally would not pay them a dime. It is not helping your credit by paying them so what is the point? That's $400 you could be putting in CD's and investing for your retirement. You keep paying the sharks and they keep circling in the water. Stop feeding them and they will go away.
There are three accounts First one OC is CITIBANK VISA CA is ACADEMY COLLECTIONS All 3 CRA list this as an open account [not under collections] All of them show the balance as it was the day i went 120+ EQ has it as Charged Off Account EX has it as Account closed at Grantors Request TU has it as Cancelled by Credit Grantor Second one OC is American Express Optima CA is RMA All 3 CRA show this as Revolving. Same balance as on 120 + EQ has it as Charged Off Account EX has it as Account closed at Grantors Request TU has it as Cancelled by Credit Grantor Third one appears under collections in the CRA report OC is CITIBANK MASTERCARD CA is NCO Financials EQ lists it as DELINQ 120 and the balance is the same as ti was on day 120 EX shows it as COLL ACCT again balance is same as 120 + TU lists it as UNPAID. Same with balance as the other two CRA The only reason i am paying the Consumer Credit Counselling Service ADVANCED DEBT MANAGEMENT is because all the CA threatened me with phone calls saying they would take me to court. Being a newbie i had no idea of the seriousness of their threats. So i agreed to the CCS terms. But i dont have any agreement with them and therefore cannot leverage and bargain to see if they will take their TL off my report. Anyways my report is now screwed. Will i be taken to court if i stop paying altogether ?
