I foolishly contacted CA to resolve past due debts and settled on every account. Should have researched first, and tried PFD first, but hindsight is 20/20. So heres my question. Is there anything that you all would suggest I next do? I really dont see GW letters working since I settled on all the accounts On one of the accounts I settled with the infamous Portfolio, the letter they faxed over says the account is settled, but when I look at the CR, it shows last reported 4/2011, High Credit of $583, Balance $314, and Actual payment amount of $350. The comments only say Collection Account. Is this right? Some of the others have already updated stating "Settled less than full balance" Appreciate any guidance in advance!
There's not a whole lot you can do since the debts have already been paid off. Your leverage is gone. If you just settled the debt with Portfolio, you'll probably need to wait a bit before your credit reports are updated too. GW letters can't hurt though. I would wait a bit and then try some. You may be surprised at the response you get.
