Paid In Full?

[jjcor]

I recently tried to do a PFD letter to a collection company that I owe medical bills too. And I received a letter back stating that they cannot do a PFD but that it would be marked Paid In Full. Will Paid in full help my credit any?

[rckstrscott]

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@jjcor wrote:

I recently tried to do a PFD letter to a collection company that I owe medical bills too. And I received a letter back stating that they cannot do a PFD but that it would be marked Paid In Full. Will Paid in full help my credit any?

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It will not help your FICO credit score.

It will make you more desirable on manual reviews, but your score will remain unchanged.

However, paid in full is often easier to GW then settled, so all is not lost.

-scott

[Shogun]

+1  I would always try a couple rounds or so of PFDs, if not, then I'd pay and GW them.  I've had pretty good success that route.

[hoping2rebuild]

+1 I had to send out many rounds of PFD's for one of the accounts that I had

it just had to reach the right persons desk.

[jjcor]

What about paying them and then disputing them? Anyone have any luck with that?

[rckstrscott]

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@jjcor wrote:
What about paying them and then disputing them? Anyone have any luck with that?

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Outside of the fact we cannot discuss disputing valid accounts frivalously as it can sometimes start leaning towards a TOS violation, the main reason is it rarely works.

GWs are often successful. I removed 13 accounts with GW after paying in full.

-scott

[RobertEG]

The ultimate payment status of the debt is separate from their prior reporting of account activity, such as delinquencies, charge-off, or collection referral.

Paying is not a basis for asserting inaccuracy in their prior reporting.  To support a dispute, you have to provide some inaccuracy in their actual reporting.