Hello. I had a Wells Fargo Financial CC with a balance of 12k. My wife lost her job and we accumulated several unexpected bills shortly thereafter. I stopped paying my CC payment for 3 months. Wells Fargo sent it to a hired Law Firm to collect it. THe day I revieved the letter I called the Law Firm representing Wells Fargo. I immediately set up a payment plan via Direct Payment from my bank account. About a year the law firm/ agency went out of business. I recieved a letter from Wells Stating as much. I called them immediately and they stated everything was fine and tht our arrnagement was still in tact. I have been paying on time for over 2 years. I intend to pay the balance in full. My Question is even though I have been payibng on time for a long time, Wells Fargo is still reporting lates to all 3 buereus, every month. Should they be reporting me late every month even though I have been paying on time for so long? Orginal balance was 12k, now it sits at about 7k. Please help me understand. Thank you in advance.
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