| Before I pay off bad credit.... |
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nefse
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 29 Jun 2005
Location: Silver Spring MD
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| Before I pay off bad credit.... |
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When I was in college I owed Verizen $287 which they reported to the credit bureau (2002). Now I guess it has been sold to Pinnacle (collection agency) and Pinnacle again reported it to my credit (2005), but they reported $354?!?! Can the same thing be reported twice? if so why is it higher the second time around? I found this out while I was trying to repay some unpaid debts.
What do you guys suggest I should do? Should I just pay Pinnacle and ask if they can delete the report?
Thanks
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Wed Jun 29, 2005 2:53 pm |
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MattL
Senior Member
Cash: $ 46.85
Posts: 234
Joined: 25 Jun 2005
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| Re: Before I pay off bad credit.... |
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quote:
Originally posted by nefse
When I was in college I owed Verizen $287 which they reported to the credit bureau (2002). Now I guess it has been sold to Pinnacle (collection agency) and Pinnacle again reported it to my credit (2005), but they reported $354?!?! Can the same thing be reported twice? if so why is it higher the second time around? I found this out while I was trying to repay some unpaid debts.
What do you guys suggest I should do? Should I just pay Pinnacle and ask if they can delete the report?
Thanks
Yes, they can report it again. It's a different company and you now owe them the money.
The higher amount is likely due to late fees and/or interest.
$$$ Debt Elimination
Software | Computers | Electronics
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Wed Jun 29, 2005 5:53 pm |
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mancemck
New Member
Cash: $ 1.80
Posts: 9
Joined: 06 Sep 2005
Location: Florida
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The collection agency bought your debt for pennies on the dollar. Contact them and see if you can work out a settelment but insist on removing the charge off on your credit report before you make payment arrangements.
http://www.ovationlaw.com
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Fri Sep 23, 2005 9:31 pm |
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