Texas, The first thing you could do is go to "www.freecreditreport.com" and pull up one of your free credit reports and look to see if the collection agency is listed on there. If not then chances are the original creditor still owns the account and now would be the best time to try to work out some type of payment arrangement. One it is transfered to a collection agency then you will have no chance to get the OC marks off your credit. If anything call the OC and ask if they still own it and what you can do to work out a solution.
I know how you must be feeling getting 10 calls a day and also at a time when you are busy in school. Anyway, like Firey said, pull out your free report and find out the OC's name.
If your account is not sold and the OC still owns it and you do not want to work with the CA then talk to your original creditor (OC) about a settlement (since you do have to pay the debt if you owe it). If your OC agrees to work with you get into an agreement with them.
In the meantime, send the collection agency a 'cease and desist letter' to stop them from calling you anymore. Find a way to pay back the debt.
Texas, The first thing you could do is go to "www.freecreditreport.com" and pull up one of your free credit reports and look to see if the collection agency is listed on there. If not then chances are the original creditor still owns the account and now would be the best time to try to work out some type of payment arrangement. One it is transfered to a collection agency then you will have no chance to get the OC marks off your credit. If anything call the OC and ask if they still own it and what you can do to work out a solution.
You need to call your cedit card compnay and aks them what happned
Hi Texaschick_jb,
I think the best way to find out whether your account has been sold out or not, is to send the CA a debt validation letter. When you send a debt validation letter to the CA, always send it through certified mail so that you can get the return receipt. Moreover, sending a debt validation letter means, you are asking the CA to prove your debt and provide documents whether the original creditor has sold the debt off to the CA.
Hi TExaschick_jb
I know how you must be feeling getting 10 calls a day and also at a time when you are busy in school. Anyway, like Firey said, pull out your free report and find out the OC's name.
If your account is not sold and the OC still owns it and you do not want to work with the CA then talk to your original creditor (OC) about a settlement (since you do have to pay the debt if you owe it). If your OC agrees to work with you get into an agreement with them.
In the meantime, send the collection agency a 'cease and desist letter' to stop them from calling you anymore. Find a way to pay back the debt.