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Do I Pay this collection ??? HELP!

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Anonymous
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Re: Do I Pay this collection ??? HELP!


@Anonymous wrote:
What is a GW letter ? If you're referring to good will I've tried it. No luck with any bureaus or the OC because the debt is only 2 years old

yea goodwill letters.  is your choice, just dont expect your scores to jump after you paid down the balance

Message 11 of 14
Anonymous
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Re: Do I Pay this collection ??? HELP!

Just an fyi.

 

I recently did a pfd on a collection. Before i paid it it was an open collection. After I paid it it changed to "paid" and was then closed. Once it was reported closed my score jumped about 20 points. So I guess it depends on what else is in your report but I do believe paying  collection that is open and then having report as closed can make your score go up. Not nearly as much as removal though.

Message 12 of 14
Anonymous
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Re: Do I Pay this collection ??? HELP!

Thank you. Just paid it in full and they said it will report as PAID IN FULL, closed. So we'll see in about 2 weeks what this does. I'd love a 20 point jump!!! That would put me near 640!
Message 13 of 14
Anonymous
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Re: Do I Pay this collection ??? HELP!

Mine was my last collection and I just got the delete letter in the mail today. I am eagerly waiting for my report to update to see what my score will be with it gone.

 

I wouldnt expect a score jump like I got. But I just wanted to point out it is possible that it could go up. Mine sure did. Either way, its a great feeling to have your debts paid off.

 

Good luck with your rebuilding!

Message 14 of 14
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