Rebuilding Your Credit

[Shogun]

Sounds like a valid plan.  Good Luck!   And the good part so far is the debt is paid, it can't come back to haunt you.

[SusieQ]

Valid point!    I actually feel good about paying it today.   I have one more CO to go, but waiting until Feb when the SOL giant goes to sleep permanently.

[poohda23]

I am in the same boat with First Premier.  I have two charge off accounts with them.  I was wondering if I pay will it drop my score, even though the simulator stated that it would increase my score by over 50 points.  They are due to fall off in a year.

[SusieQ]

Paid off the First Premier earlier this month.   Today -  TU finally shows a balance of $0 and my Fico score jumped up 16 points!     The charge off now has a status of "Payment after charge off/collection.  Settled - less than full balance."    I can live with that (for now........lol).   Waiting for the other 2 credit reports to show change.

Good decision to pay - thanks to the board

P.S.   I think I will start sending them GW letters every 3 weeks until they either remove it or it drops off.   I can handle the cost of a stamp!