Fair Collections & Outsourcing help

[Anonymous]

I have a mark on my credit report from Fair Collections & Outsourcing from 9/2010. The amount is $5,320. This was for a broken lease. The apartment complex added a bunch of other charges that weren't correct which is why the high amount. I only owed them for a couple months rent. I am trying to get this settled but they don't seem to be budging for anything less than $3,989.93. I want to do a PFD but they only seem to be wanting to settle in full. Has anyone else had any luck with them? Also, how much does this help my credit report if I do finally come to an agreement where I pay them and they mark it as paid in full? Does that help my score a lot or not very much?

[rckstrscott]

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@Anonymous wrote:

I have a mark on my credit report from Fair Collections & Outsourcing from 9/2010. The amount is $5,320. This was for a broken lease. The apartment complex added a bunch of other charges that weren't correct which is why the high amount. I only owed them for a couple months rent. I am trying to get this settled but they don't seem to be budging for anything less than $3,989.93. I want to do a PFD but they only seem to be wanting to settle in full. Has anyone else had any luck with them? Also, how much does this help my credit report if I do finally come to an agreement where I pay them and they mark it as paid in full? Does that help my score a lot or not very much?

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Paying a collection account will not increase your score..

FCO is a pain in the butt, I am failing at removing them myself... same exact story, the only difference is I was sued for the amount...

Mine was right around the same amount, and I wound up settling for right around the same amount as you are being offered...

-scott

[dujaidecor]

FCO are a tough group. I tried to get them to remove the negative tradeline on mt Credit report. I even emailed the CEO.....and they wouldnt budge.

[2NE1]

I agree, I wouldn't bother with FCO, they won't agree to PFD and neither accept a GW request after payment. I'm waiting for this FCO collection on my CR to fall off next year in May. The debt wasn't even mine, it was a family member's responsibility but they still refused to remove it

[golo]

I'm in the same boat with them,ugh! I'm waiting till march next year for it be removed of age.