Is it ok to pay on closed accounts?

[Anonymous]

I have a couple of accounts that are closed for non payment.  Is it ok for me to start paying or should I do a PFD first?  I was wanting to pay them down some and then do a PFD.  Will it hurt my score by making payments? 

[llecs]

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gingergirl wrote:

I have a couple of accounts that are closed for non payment.  Is it ok for me to start paying or should I do a PFD first?  I was wanting to pay them down some and then do a PFD.  Will it hurt my score by making payments? 

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I'd do a PFD, but all the while saving to PIF, rather than a settlement or payment in chunks.

It will not hurt your score. If it is a CC acct, then it may help your score.

SOL may come into play. Payment can reset it. Again, PIF is best. Communication with the OC is key.

[Anonymous]

Does PFD require payment in full up front or do they usually make payment arraignments?

[llecs]

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gingergirl wrote:

Does PFD require payment in full up front or do they usually make payment arraignments?

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No requirement. You set the terms. I'm batting 0 for 12 or so for PFDs, so my advice may not be the best. Ideally, you'd want to make it as attractive as possible, which is close as possible to 1 payment at 100%.