Why aren’t collections reporting?

[maudie]

Hi everyone!

 

I have several accounts that have charged off, and various collectors have been reaching out for about a year. It’s mostly just letters, since I don’t answer calls from numbers I don’t know. 
 

I’ve received both my IN and EQ paper reports (TU and EX are on the way) and I cannot find that the collection agencies have reported at all. Most of them are collecting on behalf of the OC however one is a JDB. 
 

Is it common now for CAs to not report? Are they waiting until I pay and have zero leverage? Granted, they may have reported to TU and EX, so I’ll find out when they arrive, I just thought it odd. I expected to see quite a few entries from CAs on all reports.

Anyone else had this happen?

 

maudie

 

[shifter]

My wife had quite a few accounts in collections and several lawsuits over 4 years and not a single CA ever showed up on her reports. Not sure how common that is, but it does happen. 

[centex]

Where paper is still owned by the Original Creditor, the third-party agency generally will not report.  They are simply working the file.  If the paper is sold, then you would reasonably expect to see the OC reporting changed to a zero balance and the new purchaser begin to report. 

 

Further, if you have filed a timely dispute in response to collection letters, then that can ALSO serve to forestall any reporting by third-parties.  This is yet another reason to send WELL-WRITTEN and SPECIFIC disputes within the initial thirty day window...

[maudie]

Thanks Shifter and Centex!

 

Yeah, I was a bit of a knucklehead regarding the timely dispute process, so that’s not an option for me until the accounts are handed off to the next CA who sends an initial contact.
 

So then for those accounts where the paper is still owned by the OC and they are showing a balance due, if I pay the OC directly, can I reasonably assume that the collections will probably not report? I’ve been reading the pinned thread about paying the OC, and I guess I thought that once the account was charged off and in the hands of a CA there was no way to pay the OC directly even if they still owned it. I understand that’s how it is with a JDB, but I’m talking about when the OC still owns it.

 

I’ve got several of this kind of charge off now reporting, and I want to at least stop the bleeding, so to speak. If I can avoid adding collections reporting to the mix I’d prefer to do that.

 

I’m still in the early stages of all this, working the steps, but I’d like to know if this is an option down the line, ideally before a lawsuit.
 

maudie