05-13-2011 01:55 PM
For years I have had a Dell Financial Account which I have kept in good standing until some hardship over the last couple of years. This account has been closed by Dell, I still have a balance of $1400, and it has dropped my 740+ scores to around 650.
I have the finances to pay off the card in full, but would like to know:
1. Would they reduce the total amount if I paid in full?
2. Since it is closed and has affected my scores, should I let this just go to collections and negotiate a reduced amount?
3. Should I pay in full and how could I write, dispute to increase my scores?
4. Will paying in full with no other action increase my scores?
All advise is appreciated and thanks.
05-13-2011 06:04 PM
I wouldn't let it go to collections. Dell sales a lot if not all of thier accounts to Midland and they are one of the worse collections agencies to deal with.
Is the account just closed or Charged off?
05-13-2011 06:33 PM
The account is closed. It has not been sent to collections.
Any chance they would write a letter stating I was never late and all is good if I offer to pay the full amount?
Thanks for the help.
05-13-2011 08:03 PM
i had a similiar situation. mine was closed for inactivity, although i had missed a payment here and there as well. i kept the balance for a while and the interest was killing me so i eventually paid in full. you asked about negotiating with them if you pay in full. i tried. this will be hard. if you call them you'll be calling india and needless to say, there is a communication gap. you might be able to write but i don't think you'll have much luck. their interest is high and they know they have the negotiating power over you. good luck