Have you settled with a collection agency for a past due debt?

Whether it was actual amount or amount plus fees and interest?

the newest scam, FYI is You will get a 1099 in the mail for the amount, they released you from Example you owed $200 with fees and interest it is $769 you settle for $269, you will get a 1099 for $500 ! In fact they never tell you this when you settle. You will receive a letter stating that they reported this to the IRS according to their regulations. As well as please address your questions to a tax professional ( because they will not tell you that you now have to pay taxes on what they believe you saved?)

Thank you US congress Barney Frank and Chris Dodd This is a complete masquerade