04-19-2010 04:07 PM
Hello FICO family,
I was checking my report today on EQ and discovered AMEX reported me as CHARGE OFF/ BAD DEBT status on my report. The problem is after AMEX closed my accounts last year they offered me an agreement to pay of the $1,000 I owed on the bill. I was never late when the card was open and have never been late on the agreement either. The agreement was $70 a month which I met and sometimes paid twice in one month. I NEVER received anything stating that "if the bill is not paid in full that it will be considered a charge off" all they stated was if the bill wasn't paid in full by the May 2010 I will start accruing interest on the payments.
I talked to a representative today and he stated if I pay the bill in full they could change the status to PIF. But I want the account to state "PAID AS AGREED". WHAT SHOULD I DO? I can pay the bill in full today, but I'm scared they won't report me as Paid as agreed. Has anybody encountered this and what is my best course of action? I don't want to settle for just a PIF status on my report.
HELP IS NEEDED
04-19-2010 05:27 PM
Will "paid in full" score lower than "paid as agreed"?
Just asking....I don't know.
Yes, the score would be lower if it says "paid in full". Especially if a negative history continues to report.
04-22-2010 10:24 PM
04-23-2010 12:30 AM - edited 04-23-2010 12:36 AM
AMEX is no joke!
I have 2 o l d charge-off AMEX Corp-Cards, and they are long gone, and I am no longer my responsible, and yet they pull AR's on me like there is no tomorrow.
A few Sunday's ago, they pulled 3 or 4 AR's on me the same day.
Like some case-study party going on. LOL
(the myfico server is killing me over here!)
04-23-2010 02:10 PM
I just wanted to give you guys an update on my AMEX green card account. They did reinstate my account yesterday But now I wonder how this goes on the credit report. My account was in a payment plan for 5 months after AMEX closed my account. My question is are they going to report all the payments for the five months or just begin the reporting from April 2010?
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