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I received a release letter from the collection CO that took over my Capital One charged off ACC, however this isn't helping my score. What should I do? Should i send a gw letter to the collection CO saying to try and remove that negative mark on my report, or should i just wait and see if after the 30 days of receiving this letter my score might just increase.
Also I have a tmobile and sprint account in collection, they are unpaid but i dont want to do what i did with capital one to just pay and not impact my credit score at all, so if there another aproach to this?
thank you guyssssss.
If the CA is reporting, then a balance of $0 won't help your score any. I'd send a GW letter.
If it is the OC reporting (CapOne), then all you can do is to send a GW. If it was CapOne that reported and reported a balance, then your score won't improve due to the paid status, but could increase if it was factoring into your util and made your util improve by paying it to $0.
For the telecoms, is a CA reporting that? If so, send a DV (even if you know the debt is yours). If they verify and you agree, then send a PFD. If they agree with the PFD and respond with a written acceptance, then send $$$ and they'll delete and your scores would likely improve.
I'd suggest reading the following:
Common Abbreviations
Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.
What Steps Do I Take - great for learning the repair process.
and Example letters - PFDs, GWs, DVs, etc.