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.
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