Is it legal if I offered a creditor an amount of money to fairly settle a debt but they never responded and then placed a derogatory statement on my credit report?

Is it legal if I offered a creditor an amount of money to fairly settle a debt but they never responded and then placed a derogatory statement on my credit report?

I offered the settlement to the cell company’s collection agency. They never responded. Once my credit report was blemished by them my credit card interest rates all went up and I was forced to enter into a debt settlement plan. All my accounts were up to date before this remark was placed on my credit report by this company.

Asked on August 11, 2012 under Bankruptcy Law, Michigan

Answers:

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