What is the name of your state (only U.S. law)? neb.
I have some accounts that went to collections while my child was in hospital. I am currently paying a company that bought 2 of my accounts. I pay a set amount on both every month.
I finally got up the courage to look at my credit report and found that the second account that I'm paying on was sold with a balance far less than what they are trying to collect. First account is fine I am being charged interest but it is a fair amount.
Here are details on second account.
original creditor sold account in 05/2010 they last reported that they sold it with a balance of $276.
collection agency is not reporting but are charging me $535.
I have been paying on it since 08/2010. I do pay the minimum. It is set up that once first is paid off that payment will be added to this one to pay off both.
I spoke to Original creditor about the amount that they reported at the time that it was sold. They claim that it is reported accurately.
I called the collection agency and asked if I could see the accounting used to reach amount owed. They said they bought the account with a balance of $518.
I want to pay off what I owe and I understand added interest will be on these accounts but this seems like an error or someone is gouging.
Collection agency asked me what I wanted I said an accounting report showing how they went from 270 to 535. Or make the collection for 270 plus fair interest.
Is this a fair request and how does this happen?
I have some accounts that went to collections while my child was in hospital. I am currently paying a company that bought 2 of my accounts. I pay a set amount on both every month.
I finally got up the courage to look at my credit report and found that the second account that I'm paying on was sold with a balance far less than what they are trying to collect. First account is fine I am being charged interest but it is a fair amount.
Here are details on second account.
original creditor sold account in 05/2010 they last reported that they sold it with a balance of $276.
collection agency is not reporting but are charging me $535.
I have been paying on it since 08/2010. I do pay the minimum. It is set up that once first is paid off that payment will be added to this one to pay off both.
I spoke to Original creditor about the amount that they reported at the time that it was sold. They claim that it is reported accurately.
I called the collection agency and asked if I could see the accounting used to reach amount owed. They said they bought the account with a balance of $518.
I want to pay off what I owe and I understand added interest will be on these accounts but this seems like an error or someone is gouging.
Collection agency asked me what I wanted I said an accounting report showing how they went from 270 to 535. Or make the collection for 270 plus fair interest.
Is this a fair request and how does this happen?
