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What happens when a collection agency g

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howaboutit99 Joined: 27 Nov 2010 Posts: 18 5.07 Dollars($)	Posted: Sun Feb 27, 2011 11:12 am    Post subject: What happens when a collection agency g Like 0 Dislike 0 A collection agency has been persuing a loan for 4 years to no avail and the mortgage company wrote it off three years ago what happens if the owner refuse to pay
adonis Joined: 22 Oct 2005 Posts: 10570 Location: ALASKA 1090.22 Dollars($)	Posted: Sun Feb 27, 2011 8:05 pm    Post subject: Like 0 Dislike 0 Welcome howaboutit, As the lender has given the loan to the collection agency, then it is the collection agency who will come after you in order to recover the dues. It will remain as a negative item in your credit report. It is better to pay it off. _________________ Procrastination is the enemy of your financial success
howabouti99 Guest	Posted: Mon Feb 28, 2011 1:40 am    Post subject: mortgage Like 0 Dislike 0 Not so Adonis, The collection Agency must have bought the loan or something, because the credit report reads "paid in full as agreed "

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