golfguybc
Nov 19, 2009, 11:52 AM
I had an old wells fargo debt from 2001 and a collection agency finally caught up with me in 2007. I live in Vancouver because. The amount last reported on my credit bureau was $6217.00 and the original amount at the last time I made a payment was only$2741.00, meaning there was a lot of interest tacked on. The collection agency sent me a letter stating I owed $16000.00 so I negotiated it down to $8000.00. I have repaid about $4000.00 of that and feel that enough is enough, my credit bureau doesn't show the debt anymore and since then I have rebuilt my credit. My question is do I have anything to worry about if I stop paying or do they have recourse to come after me seen as how I have acknowledged the debt and repaid and substantial amount of it back? Basically I feel I have paid enough and more than the amount reported on my credit bureau. Please advise me of my options
Thanks
Thanks