A Collection Agent has recently approached me regarding a 7+ year old debt (around $600, originally $200). I have checked my credit report and it does not show up there, indicating it has probably been deleted by now. I did notice an 'inquiry' from the CA on the report as 'Collection Purpose'. BTW, I am in illinois and the Collection Agent said the "CP open date is Jan 13, 1995" What does that mean? My questions are as follows: - Can the CA, or the OC place a negative entry on my credit reports now, even though the original account no longer appears? What would they report it as? Could they report it as a Collection Account? Does the collection account not have to be attached to the original trade line? What can they do to hurt my credit? - I would like to pay them off, hopefully only the original amount. If I do pay them, could they report that payment as a 'Paid Collection' or something similar, to the credit bureau's even though the original account no longer appears? In other words, can they effectively post new negative information because of my payment, even though the original trade line is gone? The reason I want to pay them off is that I don't want any more inquiries from CAs on my credit reports. What would you suggest is the best way to proceed? Thanks in advance for your input
1*In other words, can they effectively post new negative information because of my payment, even though the original trade line is gone? 2* The reason I want to pay them off is that I don't want any more inquiries from CAs on my credit reports. kzmsa2000 =============== 1 * Sure 2* So why would you want a paid collection that trashes your reports listed in addition to A CA inquire?? THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
- 1*Can the CA, or the OC place a negative entry on my credit reports now, even though the original account no longer appears? 2*Could they report it as a Collection Account? 3*What can they do to hurt my credit? 4*I would like to pay them off. 5* If I do pay them, could they report that payment as a 'Paid Collection' or something similar, to the credit bureau's even though the original account no longer appears. kzmsa2000 %%%%%%%%%%%%%%%%%%%%% 1*Yeah 2*Collection Account? 3*They already are 4*Why do that if they haven't validated? 5*Yes You don't want no CA mentioned on your report no how. THE END ** *** ** LB 59 """""""""```~~~```'""""""""" http://www.bankrate.com/cweb/news/cc/20030804a1.asp
