10-02-2007 05:04 PM
10-02-2007 05:38 PM
10-02-2007 06:51 PM
10-02-2007 08:57 PM - edited 10-02-2007 08:58 PM
10-02-2007 11:55 PM
10-03-2007 06:02 AM
I currently have a credit card account with a balance of about $3500. I recently received a large commission check from work and have the cash in hand to pay it off and make the balance $0. I am about to do so, but wanted see if you thought I should just pay the $3500 or call the company (Chase) to see if I should try to negotiate a lower payoff payment. Not sure if this is relevant but my credit score is probably around the low to mid 600s. *The account is closed and has been for several years, but I have been making more than the minimum payment every month, sometimes twice a month. *The Apr is 29.9%. (Yikes) ***I will possibly be buying a house in 9 – 15 months, I would rather pay the whole $3500 than risk have a(nother) bad item on my credit report. Thanks in advance!
10-03-2007 06:50 AM
10-03-2007 06:59 AM
10-03-2007 07:00 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.