If you PIF a CA and they refuse to delete the TL from your CR and let's say the collection has already been on your report(s) for two or mor years, will paying them off and them updating the account to PIF make the TL appear in the eyes of the Fico gods as a new collection? I realize a collection is a collection whether PIF or not but I also know that with age their affect on your score decreases. I just want to make sure that if they are only willing to update to PIF that its not going to lower my score by the accounts looking newer to the Fico gods.
I hope not, I just don't want paying this account off to make it appear as though it moved to the front of the line so to speak. I haven't paid them yet but preliminary discussions with them have left me doubtful that they would be willing for PFD since I asked and their answer was "we will only update to PIF"
It's CAC Financial Corp. I have three accounts with them and they are all under $1000, they said they cannot settle on accounts under $1000 so they're not offering me any incentive to pay other than not facing the possibility of being sued.
The SOL is four years. I'm not worried about getting sued as I am going to pay them today no matter what. All three accounts are under $300 so I'm thinking about offering to round all three balances up to $300 (you know sweeten the deal a little bit for them) if they'll agree to delete.