Re: MCM-Would this help or hurt?

Posted by Paul (216.127.82.97) on June 11, 2004 at 23:59:13:

In Reply to: MCM-Would this help or hurt? posted by Suzanne on June 10, 2004 at 22:22:26:

Suzanne, you are not understanding the concept.

MCM bought your account. And they bought your account which is out of SOL, so they paid less than one penny on the dollar for that account.

So, no you can’t go back and pay Household anymore. They don’t own the account anymore.

Read this story about Zombie Debt Collection. Paying MCM can actually hurt your credit.

http://moneycentral.msn.com/content/Savinganddebt/Managedebt/P74812.asp