Question by wishing_i_could_sing: Repairing my Credit – Better to have debts recalled?
I’ll be honest. I made some stupid decisions during college and have approximately $ 2000 in debt that is now being handled by collection agencies. I’m getting ready to start repairing my credit and am wondering if it would be better to try and ask the original creditors to recal the debt and pay it directly through them, or try to work with the collections agency?
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Best answer:
Answer by Jeffrey
Original creditors will usually refuse a request to recall a charged off debt. It is just too much of a hassle for them unless the amount is huge. It doesn’t hurt to ask, but this is a long shot.
You are restricted to working with the collection agencies at this point. Just make sure you send them a debt validation letter before you pay anything. That will protect you from paying someone who doesn’t legally own your debt.
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