Hi. I have a collection agency calling me because I owe about $1000 from an overdrawn bank account. They haven't reported anything to any of the three credit reporting agencies (neither has the bank). If I make payment arrangements with them, will they continue to not report this. I assume if I were to ignore it, they would eventually report it. Any help is much appreciated!
I am sure that the collection agency will eventually report the collection. Your best bet is to get conformation in writing that they will not report the debt should you pay the balance. Maybe write up a contract and have them fax it to you with thier signature. You owe them alot of money but it is not enough to sue you over. Im sure they will work with you.
