But before I go one question (please)
My Fico score simulator states I that should I pay off the $7300 in revolving debt it would lessen my ultility and raise my score. That said, all of it sits in the closed/charge off collection bucket, while its past my SOL of 4 years (I'm in CA) they won't budge until 2017. I understand that a charge off is ... well still going to be a charge off but since in reading that they are pretty difficult to remove but should I pay to zero out? While I'm in no rush to purchase a home or car, I do have the ability now to start sorting some of this mess out.
Midland "ownes" 4
$1451, $1361, $542 & $825
First Premier "2" - offers settlements for lesser amounts
$515 & $626
Jefferson Capital $387
HSBC $494
Macys $780
Bloomngdales $282
Any suggestions will be greatly appreciated. I'm in the garden until further notice.
Thanks guys
A CO paid or unpaid is the same in the eyes of FICO. If they are not updating monthly now an update to Paid or settled for less will cause a drop in score. I would make only PFD offers and just wait them out if they dont want to make a deal. Score calculators owned and operated by an entity in the business will always tell you to pay off the debts...
@gdale6 wrote:A CO paid or unpaid is the same in the eyes of FICO. If they are not updating monthly now an update to Paid or settled for less will cause a drop in score. I would make only PFD offers and just wait them out if they dont want to make a deal. Score calculators owned and operated by an entity in the business will always tell you to pay off the debts...
Oh, now I understand. They are no longer updating, so I will seek the PFD or let them sleep.
Thank You Very Much gdale6