Professional ADJMNT Co

marbelys5 · Jul 17, 2010

I just ran my annual free credit report and noticed that since 12/09 this collections agency is reporting me for $44.00 as Key Derogatory, and I have no idea what it could be for. I called and left a msg, but as I was searching for them online I ran across this forum.
From what I've read I'm not sure if to leave it alone or try to dispute what ever it is. (I still need to find out what it is) But When I do, how can I get rid of this from my report. Should I pay? How can I make sure they clear the Derogatory history, as far as Im concerned, they have never tried to contact me for what ever this is... Please advice!

billbauer said: ↑

Unfortunately people never learn that they should never pay a debt collector a crying dime until it is too late. Now you know why. The problem is that by paying the debt you have admitted that it is your debt, you owed it and were forced to pay it by a debt collector. You see the results of that. If you had not paid it the result would have been less harsh and over time it would have less and less impact on your credit score. If you had not paid it you would have stood a much better chance of getting it deleted. As it is now you are probably stuck with it.

It is too bad we can't reach more folks before they too make the same mistake you have.
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JoshuaHeckathorn said: ↑

Bill and I differ a bit in our opinions on this, but that's OK. That's what forums are for. He's right though - there's not much you can do now. If you had negotiated removal of the negative mark or had them sign a non-disclosure agreement as part of your settlement, then you could have taken care of your debt while protecting your credit score at the same time. Unfortunately, most people forget to watch out for how their credit reports and credit scores will be affected by their actions.
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