Hopefully someone can help me figure out how to take care of this account with the least additional damage to my FICO score.
This is the info as reported by TD Bank/Target
Status as ofDate opened [?]Date of last activity [?]Date closed [?]Loan type [?]Credit limit [?]Largest past balance [?]Account Type [?]Account holder [?]Industry
| Status as of Nov, 2014 |
| Date opened Jan, 2008 |
| Date of last activity Feb, 2010 |
| Date closed May, 2010 |
| Loan type Credit Card |
| Credit limit $500 |
| Largest past balance $866 |
| Revolving Account |
| Individual Account |
| Department / Variety and Other Retail |
Descriptions
[?]- Account closed by credit grantor
| past due balance $866 | Charged off as bad debt | $866 |
Seven year payment history
[?]30 days late60 days late90+ days late
I just got off the phone with them and I was told again that a PFD is not possible. I had previously written to them to request a PFD and was refused that request also. If I pay this in full how much damage will it do to my score at this point? Should I pay it or leave it? I want to purchase my first home in a few months and feel that FHA will require it to be paid but not sure if I should do it now or wait until it becomes a condition of the mortgage.
Thank you in advance for your help and guidance in this matter
