Paying off

[Anonymous]

Can my FICO score go down if I pay a couple of old accounts that were in collection status. I mean Im taking responsibility by paying will doing this hurt my score or help it?

[Anonymous]

It may, but more than likely it will help you.

Remember, showing as paid or unpaid, it reflects the same way. A negative on your credit history. Always ensure you attempt to setup arrangements with the CA or OC for a Pay for Delete of these accounts, will greatly increase your chances of getting a better score due to the fact that the negative history of this account will be completely purged from your history.

Best of luck attempting PFD options!

[Anonymous]

Thanks.   I have done several PFDs and so far its worked. However, there were two that wouldnt budge. I sometimes wished I would have waited for them to fall out in October 2015

[gdale6]

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@Anonymous wrote:

Can my FICO score go down if I pay a couple of old accounts that were in collection status. I mean Im taking responsibility by paying will doing this hurt my score or help it?

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If they are updating monthly now then your Fico is being kept depressed so you would want to settle with them to stop the updating. If they have not updated in a while you would want to wait till they either accept a PFD offer or it ages off your CR. Once off your CR and past SOL they are Zombies and can be settled for much less.