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Collections Question  Reply with quote  

I have been getting letters from a collection agency saying I owe them 127.30. At First I thought it was fraud, but later figured out it was from Washington Mutual right before they were taken over by Chase 4 years ago. It had been over 4 years since I got a letter from a collection agency, but now it has started again. Nothing has ever been posted on my credit report for this and I am wondering how this could affect my credit report if I take/do not take any action. I have significantly raised my credit standing over the past four years, and I am afraid this is going to hold back all the progress I have made if it is posted on my credit report Any suggestions?
Post Tue Nov 06, 2012 6:15 pm
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According to the Fair Debt collection Act the collection company must send you a letter proving you owe the debt within 5 days. So I would contact them and ask them to send written proof.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Tue Nov 06, 2012 8:35 pm
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Listen to the Dave Ramsey podcast - he has a lot of great ways to deal with collectors
Post Thu Nov 08, 2012 10:50 pm
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