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The collection agency who now owns the account should report it to the credit reporting agency but they rarely do. Instead, you end up having to sue to get anything done.
If they don't change it then you can sue them for breach of contract but it is a lot of hassle and you have to py a bunch of money up front to sue them although you can probably get it back in the end.
what is the best way to handle this case, not to settle with the collection company and let this account disappear after 7 years?
30 days late on 9/2010, and account charge off in 2/2011, account closed in 3/2011.
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