If a credit card debt is sent to collections, is it still possible to negotiate with the original creditor?

Like, I know that sometimes you can negotiate to have the negative mark changed on your credit report to say "paid in full" or something that isn't negative, like "paid off collector". But is that only when the debt is still with that original creditor?

If a credit card debt is sent to collections, is it still possible to negotiate with the original creditor?
Despite what some 'credit' sites claim, it is very unlikely that the original creditor will negotiate with you once the debt has been sent to a collection agency. Usually the collection agency buys the debt.





Paying derogatory items will not improve your score. The damage is already done. However, creditors look at your whole credit report. Paid old debt looks better than unpaid.





You are more likely to negotiate a settlement for less with the collection agency than the original creditor -- the older the debt the smaller the settlement. Be sure to get any settlement in writing and do not give collectors direct access to your bank account.
Reply:No....when the creditor writes off the debt and sells the debt to a 3rd party debt collector, the original creditor is no longer entitled to any payments that you may make....





It's important to realize that once your card is charged-off, the damage is already done....paying the defaulted amount back will not undo the damage of a charge-off.
Reply:If you have charge offs and other negative marks on your credit reports, I know a company that can help you get those removed. They really are miracle workers and they have helped many people clean up their credit reports and raise their credit scores.





go to: www.creditrepairforall.vpweb.com





Have a great day!
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Reply:It doesn't matter if you are negotiating with the original creditor or the company that bought your dept, you can negotiate the terms of settlement to include that the will report that the bad debt has been paid off or settled. If your creditor has sold your debt to another company than they are no longer responsible for your debt and won't reap the benefits of you paying it off or settling. You may be able to talk to them about it, but they are just the middle man. Trust me, it's just easier if you call the company that owns your debt.