One of the most powerful Lobbying groups on Capitol Hill are those representing the interests of the Credit Card companies...I'm still shocked that the recent legislation passed.

mmaddog
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You'll have to jump through some major hoops at this point. If they record their calls, and you confirmed that you recognized the debt, told them where you work, and gave them your bank information (Yes your account number can be obtained with your debit card) then you're pretty much stuck. It's going to be on your credit, but it will be reported as paid. It hurts your score, and will be there for 7 years.

If you didn't confirm those things, I'll check this thread in the morning and we can take it from there. You still have options.

Anytime....just remember those of us less fortunate when you toss away the next "Bond girl"

Unfortunately all 3rd Part Agencies record all calls these days for just that very reason, for training purposes, and for validations of promises/arrangements.

mmaddog
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If I call them tomorrow and bitch about them saying it wouldn't hurt my credit score even though it already has hurt it...what will happen?

Not much probably...they have what they were coming for, money.

mmaddog
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I just told them whatever the debt is I'll pay it. I told them I had a job but didn't tell them where. If I would have known about all this stuff you guys are saying and they wouldn't have been in such a demand to get it now...I would've waited.

Is it illegal when they don't tell you it's being recorded?

Dicks probably knew that I was a college student (with college loans being on my credit) and figured if they attacked me fast, I wouldn't know what to do.

If they recorded you without letting you know....yes.

mmaddog
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Probably right...wish I could have helped sooner.

mmaddog
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I'm not so sure about that. I'm pretty sure in most places you can be audibly recorded and not visually, and vice versa without consent. About the only place you are federally protected to not be recorded in any form anymore is the bathroom.

FWIW a collection on your credit reoprt is going to cost you 30-40 points. I'd expect 40.

If they are making a Collection contact, and want to use it as part of the collection process, they must advise you that they are recording for validation purposes. That's why you always hear the generic explanation on greeting messages that the phone call may be recorded for:

1) Training purposes

2) Your "protections" (notice I put that in quotes)

mmaddog
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Haiving a security clearance, I need to stay on top of my credit score and what's on those reports. I buy the $15.00 for credit monitering and get a credit report any time I want. On most of those sites it allows you to dispute anything pretty easily. Use to be a pain in the butt.