Morality and debt

Monday, May 12, 2008

So here's a tricky one for you. My largest single debt is $1400 I was on a payment plan with them, but when I checked my credit history, the account was not updated to show that I was paying on it, thus bringing it out of the realm of really bad debt to only bad debt. I contacted the company, and they said that they do not report to the credit reporting companies until the debt is paid off. I found this to be rather shady, so I contacted the credit reporting agencies to tell them that the debt history was inaccurate. I waited 30 days and the final response and the credit bureau reported back that they got no response, which meant that the debt was wiped off my credit history.

So the dilemma is that even though this is money I owe, and will eventually pay off, it is a debt that does not affect my credit history negatively, or in any way. What would you do in this situation?