Collections

[riverajuan]

Good morning to all,

I have a question regarding collections, I have 2 utilities collections in my credit report.

If I paid does 2 in full is that going to affect my credit report or do I contact them and make arrangements? They are recent, tried helping a family and this is what I got in return.

Please advise, thanks in advance

[Anonymous]

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riverajuan wrote:

Good morning to all,

I have a question regarding collections, I have 2 utilities collections in my credit report.

If I paid does 2 in full is that going to affect my credit report or do I contact them and make arrangements? They are recent, tried helping a family and this is what I got in return.

Please advise, thanks in advance

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Try negotiating a PFD on the accounts.

FICO scoring views paid and unpaid collections the same.

[Anonymous]

I agree write a PF D letter and see if they will agree. Keep trying until they agree. I made the mistake of paying 6 collections without that and now am having a really hard time getting them off. Like stated above when I paid the accounts they stayed on and my score stayed the same!

[riverajuan]

Thank you for your responses, are there any samples of letters I can use to try to settle a PFD or do I contact them directly.

Thanks again for your quick response and guidance

[Anonymous]

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riverajuan wrote:

Thank you for your responses, are there any samples of letters I can use to try to settle a PFD or do I contact them directly.

Thanks again for your quick response and guidance

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http://ficoforums.myfico.com/fico/board/message?message.uid=4519#U4519

[riverajuan]

One of them is valid the other one is not. How can I handle this two? Also, is this suppose to be going to in my case the electric company?

Please help, I hope you understand my ignorance.

Thanks again

[Anonymous]

Who is reporting...and who owns the account....the OC....or a CA.???..contact the OC...get documentation....of the incorrect account...try to pay them directly..in exchange for them pulling the account out of collections...make sure they just don't forward the payment to the CA...

[riverajuan]

Good Morning,

The CA is holding the account. Should I make sure the letter goes to the OC or the CA? It has to be certified correct?

Thanks for your guidance

[FretlessMayhem]

This could be a dumb question, but did you try disputing the invalid collection as Not Mine?

[riverajuan]

Hi,

Not yet, is my first time dealing with my credit info and I am trying to make sure I don't put my foot in my mouth in the process.

I am a newbie, I hope you understand.

All advise and guidance is welcome there is a lot of great information on this site to improve my credit and I have every intention to get as much help as possible.

Thanks again