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Re: Paying off a debt in collection


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Posted by the bally (64.7.1.181) on October 09, 2002 at 23:55:39:

In Reply to: Re: Paying off a debt in collection posted by Why Chat on October 09, 2002 at 21:00:24:

So the interest added by the collection agency is illegal?

Is your point then to not pay and let this drop off? Would my credit not improve quicker if I had all balances paid? The first time I applied for the refinancing of my house I was told that in order to get approved the "current balance" held by the collection agency must be paid in full.

What course of action do you suggest.

And thank you for your time and input.

(sorry for the duplicate post, I think I replied to the wrong post)



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