Why can TDS report to the credit bureaus that the account has been settled?
We can make these reports to the credit bureaus, but because we are not the original grantor of credit or the collection agency collecting the account, they have no obligation to accept them. You can always send copies of the settlement letters from the creditors to the credit bureaus yourself as we settle the accounts. This will not get derogatory information removed from your credit report, in fact it may serve as confirmation that you owned the account, owed a certain amount of money on it and settled for less than the balance due.
