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Since I have been getting some great answers from you folks on here I wanted to pose a new question.

Background: I just found out I had some debt in collections from a while back, but I was never contacted by the original creditor or the debt collections agency.

I want to pay the debt as it would be the morally correct thing to do, but I am confused around some aspects of the debt.

I contacted the original creditor about a pay for delete option and they said they would pull the account back from collections in exchange for a lump sum payment.

Now the sum in collections is more than the sum the creditor has listed on their billing documents. I assume this is because of collections fees, interest, and other BS.

If I make an agreement with the original creditor to pay back the original sum in exchange for deletion of the account from my credit report how does this work with the collections agency?

The collections agency currently owns the debt, but if the creditor pulls the account back from collections would the creditor own it at that point?

Could the collections agency still try to collect since they say I owe more than the original creditor says I owe? Or could they at least try to collect on the difference between what is in collections and what I pay to the original creditor?

Any arrangement I come to terms with the original creditor will be via CMRRR and I will ask for verification that they own the debt and include a condition that the payment of the debt is in return for the deletion of the account from my credit score. I will also state that this is not an acknowledgement of the debt. I am using a template from the wiki.

Thanks for any help you can give!



Submitted May 09, 2019 at 09:38AM by ahurst14 http://bit.ly/2Hb0dw0

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