This will NOT have a positive effect on fico, fico doesnt care that it is paid. it will stick with you until it falls off report. send another PFD.
detdime83 wrote:I had an account with Verizon Wireless from 2002-2005. The account was charged-off 2005 ($1163.66). Just contacted them regarding a PFD. They advised that they couldnt do that but if I settle the account ($700) in 14 days they would update as Closed/Paid in Full. Also, stated no settlement info will be reported. Will this action have a positive effect on my fico
? I heard settlements are not too good, so just a little weary.Help