Starting Score: 532/564 10/21/12
Do you have the money to pay them? If so, send them a PFD.
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Sure, why not try to get a bargain?
Starting Score: 504Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
About the IVY TECH collection....do I just call the school and see if I can pay them? Would I see an increase in credit score by paying that $1700 down to 0? Any tips on the approach or should I just cut the check?
And do I want to PFD all of these accounts? It seems deleting some of the older ones may hurt me because of AAoA...or should I be more focused on the new accounts bringing me up? I am also in talks with a good friend of mine to get added as an AU to his 10 year old chase card with a 20k limit with never a late payment or anything on the TL.
Welcome to the forum!
First off, don't just pay bad debts off! You need to read these forums and learn about how to write PFD (Pay For Delete) letters. Just paying off old debts does absolutely NOTHING for your scores. You need to have the negative information REMOVED from your reports!
As long as you still owe lenders money you have leverage. Once the debt is paid you have lost that leverage. You have the money, they want the money, work a deal.
Don't worry about AAoA right now. Your scores are so low because of the negative information it is much better to have the negatives removed.
While I agree with this, it is contrary to what else has been said. I am POSITIVE Ivy Tech will sue me if not paid. They sue everyone in this town who owes them money regardless of the amount and they work with a local CA. So if Ivy Tech or the CA they are working with don't accept a PFD, I still HAVE to pay. Losing a PFD battle is better than a Public Judgement, at least that's what I think.
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