WILL IT HURT MY SCORE

[alsawye]

yeah part of reason score is low is due to my oldest accts are 2 yrs 3 months, and march was the first month reported under 5% prior to that i was at like 95% and both collections were unpaid, and scores were under 600

Message Edited by alsawye on 03-31-2009 07:07 AM

[alsawye]

so, in everyone's opinion would it be better to wait on the app for CLI to get some history built up of low util

[YoungEntrepeneur]

You have good cards. I would just focus on making payments on-time for right now and asking for CLI's when the economy starts getting better. Payment history is a big part of your credit report and now is the perfect time to work on it.

Also, since you paid for the collections, did you try arranging a PFD (Pay For Delete)?

[alsawye]

i didnt know i could do that, can i still call them back and ask em too

[YoungEntrepeneur]

It's probably too late because they would've done anything to get their money from you.

[alsawye]

yeah probably especially considering i called and volunteered to pay the amount due.... kinda naive but wanted it paid so it would stop haunting me

[Anonymous]

you can send a goodwill letter to the collection agencies requesting they remove the derogatory items from your CR. Many will not, but its worth a try!!

[YoungEntrepeneur]

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@Anonymous wrote:

you can send a goodwill letter to the collection agencies requesting they remove the derogatory items from your CR. Many will not, but its worth a try!!

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Good idea!

[CreditAble]

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@YoungEntrepeneur wrote:

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@Anonymous wrote:

you can send a goodwill letter to the collection agencies requesting they remove the derogatory items from your CR. Many will not, but its worth a try!!

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Good idea!

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Make sure that you state (in the letter) that

you voluntarily called them and offered to pay in full. 

[alsawye]

ok so in other words use that to my advantage, and also is there anywhere i can find an outline for a goodwill letter and who i should send it to (ie. gen mail, or specific person)