I have an old collection from an unpaid Comcast bill, I wont go into details on how i got this but around June 2015 it went to collections. I recently got a letter in Aug 2017 from ERC stating i owed $86.00 for this debt. I was under the assumption that is it was under $100.00 it wouldnt hurt my score and it was best to leave be due to the fact of paying it off would make it appear new to lenders.
I would just pay it off but i am looking to finance something here in the next month or so and dont know what to do? Should I pay it off and risk it showing as a new debt or since ERC (different collection than original) sent me a letter this august is it showing as new anyway and paying it off would make the most sense?
If i dont pay it off will it hurt my chances of attaining the loan and would it have been better to pay off?
I have no other collections on my report.
If it matters, I am looking to finance an engagement ring in the amount of around 6k, Please no comments on how it is smarter to pay cash. I have the ability to pay this off in less than a year, I aquired a 2nd job for this reason specifically and i am out of time to propose....
