So I received a letter from First Premier letting me know that I have the option to open a new account with them and have the old balance (pre-fees) be added to the new credit limit. Has anyone heard of this?? I have actually been considering it as they are 1 of 4 baddies left on my report, and the worst one at that. My charge off amount from 9/2010 was $300.
What do you guys think?
Starting Score: 504
According to the offer they have listed there, it will still be a baddie. The account will be marked settled and will remain on your CR. I would offer a PFD for the account instead.
Plus the fact they will have a new account on there with your old debt tactked on to it and reset the DOFD.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
