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  1. #1
    Join Date
    Feb 2006
    Location
    united states
    Posts
    4

    Default Paying off debt with the original lender or collection agency

    i have a lot of unfamiliar companies/collection on my CR stating i owe them money. they however do not state which account/company they are collecting the debt for. i also have the legit companies that i know for sure i have past due accounts with them....i have a total revolving balance on my CR, and i also have an total installment account balance on my CR. how would i know that i am not paying the same debt twice....? can i just pay off the debt thru the original lender (company) and not go thru the collection companies.......? and if so, after i paid the debt off, would the collection agenies disappear from my CR? thanks for your help.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Paying off old debts

    The bill collectors are presumably telling you who they represent, or whose debt they purchased, when they contact you directly. If you are still unclear, contact them and ask.

    Many companies which have referred debts out to a collection agency will no longer accept direct payment, but you are free to try.

    If you pay off the debts, the fact that they are paid off should be reflected on your credit report, but the timeliness (or lack thereof) of your payment would normally continue to appear.

  3. #3
    Join Date
    Feb 2006
    Location
    united states
    Posts
    4

    Default

    thank you very much for the informantion and advice.

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