First Name:
Last Name:
Mailing Address:
City: San Francisco
Country: United States
State or Province: CA
Postal Code:
Organization Name:
Comment Info: =================
General Comment:
When a creditor transferred my past due debt to a collection agency,
neither the
creditor nor the collection agency reported any subsequent payments that I
made
to settle the debt. I did manage to pay off the entire debt including
interest, but my
credit reports still showed the full amount as owed. I had to wait the seven
years
for the information to be removed. I feel that creditors and collection
agencies
should be required to report past due amounts accurately even if those
amounts
are in collections. An account in collections with no payments made against
it
says something different about the borrower than an account in collections
that
has been paid off or has regular payments posting to it. Credit reports
should
reflect this difference. I know I would rather hire or lend money to a
late-payer
rather than a never-payer.
