Paying off two year old collections - myFICO® Forums - 190917

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I have 2 collections on my credit that are from 2005 and 2006. 1 is $395.00 and 1 is $252.00. If I pay these off now what will it do to my score?

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4 REPLIES 4

What's the DOFD/DOLA?

Message 2 of 5

Try to get a PFD-

May want to contact the OC (original creditor) to see if they still own the debt.

utrtmt1022 wrote:

I have 2 collections on my credit that are from 2005 and 2006. 1 is $395.00 and 1 is $252.00. If I pay these off now what will it do to my score?

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Common abbreviations

theshadow12345 wrote:

What's the DOFD/DOLA?

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utrtmt1022 wrote:

I have 2 collections on my credit that are from 2005 and 2006. 1 is $395.00 and 1 is $252.00. If I pay these off now what will it do to my score?

Paying them will not help your score unless you can get a PFD. FICO treats paid collections the same as unpaid ones.

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