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Q:
Can I trust the collection agency not to report this as a negative mark with the credit bureaus?

Last year, I went to a conference and find out the hotel charged both my corporate American Express and my personal credit card. I disputed the transaction and never got any news after that. This week I got call from a collection agency asking me to pay. They told me if I pay now I won't have a bad record in my credit report. My credit report is perfect. I decided to pay the amount and call the hotel to resolve the problem. My question is: Can I trust the collection agency not to report this as a negative mark with the credit bureaus? -Stephanie

Stephanie,

Since you paid the debt, I see no reason for them to report anything further to the credit bureaus. You stated that your credit report is perfect and I highly recommend verifying that. Under the FACT Act, you can obtain free copies of your credit reports by visiting AnnualCreditReport.com.

Good luck with your dispute,

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