MrsMcJeep

pea-kay

Okay, quick question - we got a notice from the collections agency saying we had 30 days to pay or make a payment plan with them before any legal action was taken. So I set that up and no legal action was taken. Does that mean it's still on our credit report?

Mrs.McJeep

I would think it is.  Each collection agency has different procedures.  But I would assume that it is on there.  They get major bucks for getting a collection paid...they take a percentage of it, so they would put it on there in case, you were to buy a house or refinance a mortgage that would have to be paid first.

They aren't going to take it off until you pay it and even then it will say paid collection...it stays on for 7 years.

So I would get a copy of your credit report from all 3 bureaus and dispute it if its on all 3 or which ever ones it is on.

pea-kay

ah geez. thanks for the info, i might be asking more.

Mrs.McJeep

you can email me if you want

mrs.mcjeep at yahoo dot com

pea-kay

thanks!