Reply
New Member
Posts: 5
Registered: ‎11-21-2013
0

Should I just pay Alliance One?

I have a collection account with Alliance One that's 18 months old.  I have sent a pay for delete letter with no response and I have called several times and been told no.  If I pay it, will it help my credit score since it is a newer collection?  I have called the OC and they won't pull it from collections.  Should I pay it and see if they will delete with a goodwill letter?  Or should I try a DV letter first? 

Epic Contributor
Posts: 20,294
Registered: ‎03-19-2007
0

Re: Should I just pay Alliance One?

[ Edited ]

If it has been more than 30 days since they sent dunning notice, a DV would be untimely, and they could choose to simply ignore it.

 

You will get mixed opinions on whether paying will affect your score. Payment or nonpayment does not, from what has been published by Fair Isaac, directly enter into scoring, but you will find numerous posts by those here on the site stating that they have seen a drop in score.  You might see some inpact.

 

However, payment will satisfy the debt, and thus remove any obstacle of unpaid, delinqueent debt in future endeavors for credit.

Additionally, if still within SOL, it removes the threat of any legal action.

And it ends continued collection activities, which can, such as by way of continued inquries, continue to affect yoour score even after CR exclusion of the reported collection.

Contributor
Posts: 81
Registered: ‎06-27-2013
0

Re: Should I just pay Alliance One?

I had an old municipal fine that was sent to Alliance One Receivables (same place?). The court had a "pay online" feature that still allowed me to pay, so I did. About 3 weeks later alliance one was off my reports. No GW or PFD, in fact I never had contact with alliance one. Of course, your results may vary, but if you have the option to pay the oc without acutally talking to them, maybe that is something to consider (of course depending on the amount).

Current Fico08 TU:654 EX:641 EQ:650 (01/31/2015)
Current Fico04 TU:??? EX:695 EQ:675 (01/31/2015)
03/2013 - TU:567 EX:490 EQ:540
New Member
Posts: 5
Registered: ‎11-21-2013
0

Re: Should I just pay Alliance One?

I have read several places to resend pay for delete letters but I have also called several times with no luck.  I don't plan on trying to buy a home for a couple more years. I just want to do my credit repair now cause my score is only 566.  I have several small loans that I have paid off with no late payments and I just want to get my credit score up.  I don't think sending another letter is going to work at this point.  Would it best to just go ahead and pay the OC?  Maybe they will delete with a GW letter later.

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Should I just pay Alliance One?

Frequent Contributor
Posts: 365
Registered: ‎07-27-2008
0

Re: Should I just pay Alliance One?

Alliance one will remove collections especially if you pay and ask or sometimes they will just say they will delete of the CR. I had 2 accounts that I paid because it was a ticket and they just stop reporting the next month. The next item they said if I pay the minimum amount they would delete and that is off my report as well. I sent PFd letters previously and they did my respond. But after talking to a credit counseling agency they said they had 100% success with verbal PFd with them.
New Member
Posts: 4
Registered: ‎04-21-2013
0

Re: Should I just pay Alliance One?

I had 3 collections with them a couple of years ago for unpaid parking tickets that I'd forgotten about. I had to pay them in order to renew my registration. Once paid, I disputed them and poof, they were gone within a couple of weeks. 

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Should I just pay Alliance One?


beephlat wrote:

I had 3 collections with them a couple of years ago for unpaid parking tickets that I'd forgotten about. I had to pay them in order to renew my registration. Once paid, I disputed them and poof, they were gone within a couple of weeks. 


What was the basis for the dispute?

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.