08-09-2007 01:39 PM
08-09-2007 02:18 PM
08-19-2007 02:36 AM
freedom6584 wrote:I recently paid off two "charged off" accounts, yet I paid the settlement price and not the price in full. The guy from one of the companies mentioned that it would read on my report "paid for less than the balance"...does any think I should try to pay off the rest? or has anyone had experience with accounts that went to collection and recovering a 700+ credit score eventually?
08-21-2007 09:23 AM
freedom6584 wrote:I recently paid off two "charged off" accounts, yet I paid the settlement price and not the price in full. The guy from one of the companies mentioned that it would read on my report "paid for less than the balance"...does any think I should try to pay off the rest? or has anyone had experience with accounts that went to collection and recovering a 700+ credit score eventually?Did you sign anything when you paid the chargeoffs?Did they send you anything after you paid the chargeoffs?Did they mention anything about a 1099 for the balance?Were I you, I would not pay them just to pay them. You will NOT gain anything. The only way you gain is if you get them to agree to a PFD for the difference, or you get a GW delete.
08-21-2007 11:33 AM
08-21-2007 04:35 PM
credit4me wrote:Is this also true for a phone bill or something other than a credit card?
05-28-2008 06:43 AM
05-28-2008 09:41 AM
05-28-2008 11:20 AM
It should be noted that this is true most of the time, but some creditors will report 30 days late even if late by less than 30 days.
Otherwise, you would still get a positive payment history as long as you do not hit the 30 day limit.
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.