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Midland Question..Down to my last 2 :)

New Contributor

Midland Question..Down to my last 2 :)

Thanks to this board and the people who have so generously offered their expertise, I am down the final 2 negative items remaining on my CR's.

 

I have a CO from Capital One (formally Household Bank). The CO amount was $239, DOFD was 11/2006. It was bought by Midland and Midland is

reporting a balance of $813! I know this account is past SOL and is should be falling off soon, but love to just get it off!

 

My question...Should I send a PFD to Midland for the original CO amount of $239? Would that be a good place to start? I am really hesitant to

wake a sleeping giant, so any help would be greatly appreciated!!

 

Thanks!


Starting Score: EQ 546 EX 560 TU 568
Current Score: EQ 703 EX 718 TU 715
Goal Score: 750


Take the FICO Fitness Challenge

Message 1 of 5
4 REPLIES
New Contributor

Re: Midland Question..Down to my last 2 :)

Thought I would *bump* this post...hoping someone has some advice for me as to what to do next!


Starting Score: EQ 546 EX 560 TU 568
Current Score: EQ 703 EX 718 TU 715
Goal Score: 750


Take the FICO Fitness Challenge

Message 2 of 5
Moderator Emeritus

Re: Midland Question..Down to my last 2 :)

Yes it is old and getting older.  I would advise settling it so it doesn't show up with a bottom feeder.  Send a PFD for $150 or so and see what they reply back with.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 3 of 5
New Contributor

Re: Midland Question..Down to my last 2 :)

Thanks Shogun! I'll try that and see what happens. By doing that, it shouldn't re-age it with the CRA's though, should it?


Starting Score: EQ 546 EX 560 TU 568
Current Score: EQ 703 EX 718 TU 715
Goal Score: 750


Take the FICO Fitness Challenge

Message 4 of 5
Moderator Emeritus

Re: Midland Question..Down to my last 2 :)

No, a CA can't change the DOFD so it would not change.  Plus, it has a contingency, if they agree to it, then it's gone anyway.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 5 of 5