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New Member
cashew
Posts: 2
Registered: ‎05-13-2011
0

Dell Financial Account Closed - Should I pay off or how otherwise repair

Hello:

 

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.

 

-Cashew

Established Contributor
fot1
Posts: 678
Registered: ‎01-10-2011
0

Re: Dell Financial Account Closed - Should I pay off or how otherwise repair

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?


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New Member
cashew
Posts: 2
Registered: ‎05-13-2011
0

Re: Dell Financial Account Closed - Should I pay off or how otherwise repair

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.

 

-cashew

Frequent Contributor
Ortz33__
Posts: 290
Registered: ‎11-10-2010
0

Re: Dell Financial Account Closed - Should I pay off or how otherwise repair

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


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