Yes, they can. The bank’s entry should show as a charge off with 0 balance. The collection agency now owns the debt and can report it. If they sell the debt to another collection agency, you would have a third entry.
Need more information? Find information on debt repayment
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Run, and run away fast if they have the words:
negotiation, or settlement.
They do nothing for you that you can’t do yourself.
They make millions by charging you a lower interest rate.
Ex: from 22% avearge to 15%.
The truth is they settle, sometimes for half of the bill, while never telling you.
They pocket the money you are [...] [...more]
Anything is possible…
But why pay somebody else extra money to pay off your debt?
Chances are the debt consolidation company won’t be able to talk the loan shark into any favorable terms either… and then they run off with the money you paid them to get the job done.
Because nowhere do they promise that they can [...] [...more]
Is this your insurance company or the persons who hit you? if it is your ins. company i would cancel my policy and go with someone else. Either way, you need to hire a lawyer asap because there is a statute of limitations on sueing for car accidents.Almost four years ago and you’re first asking [...] [...more]
Looking at the website it appears that they do debt settlement. Here’s why I say that.
Debt settlement usually sets up a plan with one payment per month which goes into an escrow account where they pay themselves while waiting for enough money to build up to negotiate the first debt down.
They mention getting out of [...] [...more]
Sorry to hear that you are in debt.
I personally use debtwave. I came upon them by doing research on the internet.
I believe you get a free consultation when you call. They will provide you with different solutions to your debt problems (whether to pursue consolidating or bankruptcy depending on your situation)
After your consultation they [...] [...more]
What’s on your credit report is not relevant. Did you previously have service from this utility? did you move without properly closing out your account? You should know. Ask the utility for written proof of what services the debt is for. While the debt may not be legally collectible in [...] [...more]
Ask at your bank. About 5 years ago, I got a $500 secured credit card through Navy Federal Credit Union. After a year, I was able to unsecure it. Since then, my credit limit has risen to $15,000. There was no fee involved and a moderate interest rate.
DO NOT go [...] [...more]
Get a good money lending service today, that will give out loan for
any purposes, if you are really in need of a loan, just let me know
the amount you need as a loan, and contact me via email address:
(macroloanfirm.everyday@gmail.com)
For the plan for the plan for the loan processing and transfer to be spelt out.
If [...] [...more]
Stay away from any "debt consolidation" company that promises to cut your debt and payments in half through debt settlement….This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. You pay a monthly fee to a debt consolidator….this entire fee goes towards building a [...] [...more]