Collections will not make delete agreement, will sprint?
I had an account when i was 18 with sprint for a few months, i then lost my job and had no way to pay it off. I am now 21 and received a letter from cavalry portfolio services offering to cut my balance of 200 in half , a settlement. However, they will not agree to delete this off my credit after payment is made. So i have heard you can call the original creditor and attempt to reconcile with them as well. Has anyone received a pay and delete from sprint, years after the fact? will they have my info? I just wanna hear some experiences and go into making this call with more knowledge. I dont wanna pay the shady collections if its only gonna make my score worse by updating it, also, will this fall off my credit at a 7 year mark? or is that only when its been paid it will fall off after 7 years. thanks! They will not reach an agreement with me at all, they want me to pay and all it will say is zero balance. I have read enough to know not to ay by phone, so im not doing that trust me. I want this done with so i can get a secured credit card and start to build my credit. My current plan is to just pay the d**n thing(with the right precautions) and do the credit card thing, best way to go??
Asked By: Chaz - 2/11/2009
Best Answer - Chosen by Asker
Once its turned over to collections there is nothing the original creditor can do as the account doesn't belong to them anymore. I have had dealings with calvary portfolio and no they don't delete but a zero balance is better than a balance if its going to report anyway, I would suggest you do as I did and go ahead and... More
Answered By: B - 2/11/2009
Additional Answers (1)
The Statute of Limitations on phone service is just two years...so they cannot sue you over this debt. The original creditor has sold this debt to a 3rd party and they cannot take payments nor remove it from your credit report. You have to deal with the debt collector. This is a real bottom feeder agency, so be careful... More
Answered By: SlimMick - 2/11/2009
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