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New Member
Posts: 7
Registered: ‎10-10-2012
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Is it better...?

Is it better to pay a debt in full or settle for less than the amount? 


The debt is old but the company who bought it has it reporting as July 2012. We've tried to have this fixed but it came back as "verified." I guess we're just screwed there. It brought our score way down and I'm trying to get it up. Any advice?

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Is it better...?

Definately pay for deletion.... offer to pay in full in exchange for deletion from your credit report.

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New Member
Posts: 7
Registered: ‎10-10-2012
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Re: Is it better...?

They will not do a pay for delete; i've tried. They said they have to do "the right thing" and report the debt as "paid" or whatever to the credit bureaus. They will not delete. Next best option? By the way - it's IC System. And it's a small debt - $300. Has anyone had any luck in dealing with these people. This is the only debt that's somewhat recent on my report that I can pay.
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Is it better...?

Have you tried paying the original creditor?

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
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Re: Is it better...?

PAY IN FULL. personally I would never settle again, its like a big black mark on your CR. and mine was small ($500 debt settled for $150). Not only is it the right thing to do if the debt is big enough you will have to claim it as income on taxes 

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New Member
Posts: 7
Registered: ‎10-10-2012
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Re: Is it better...?

We did contact the original creditor. They said they don't put things on credit. That's why we only just found out about it. They said we COULD pay them but they can't delete it or update it because the collector holds the account now so that won't do us any good.

Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
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Re: Is it better...?


summer0731 wrote:

We did contact the original creditor. They said they don't put things on credit. That's why we only just found out about it. They said we COULD pay them but they can't delete it or update it because the collector holds the account now so that won't do us any good.


I would ask for a supervisor and talk to the CA about the PFD but wouldnt do ANYTHING unless you have it in writing from them 

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