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Should I try

Established Member

Should I try

Should I try to settle all my Collection and charge-off account or pay them in full...then send good will letters. Thanks 


Starting Score: 569
Current Score: 601
Goal Score: 725




Take the myFICO Fitness Challenge


Message 1 of 8
7 REPLIES
Moderator Emeritus

Re: Should I try

Try for PFDs first.  Maybe you can get some of them off that way.   Don't just pay and hope for a GW, it may come to this later, but give the PFDs a try first.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

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.
Message 2 of 8
Frequent Contributor

Re: Should I try


Queeniam wrote:

Should I try to settle all my Collection and charge-off account or pay them in full...then send good will letters. Thanks 


Is it a valid debt?

 

Message 3 of 8
Established Member

Re: Should I try

What do you mean by valid debt????

 


Starting Score: 569
Current Score: 601
Goal Score: 725




Take the myFICO Fitness Challenge


Message 4 of 8
Established Member

Re: Should I try

whatIll what is a PFD?  


Starting Score: 569
Current Score: 601
Goal Score: 725




Take the myFICO Fitness Challenge


Message 5 of 8
Moderator Emeritus

Re: Should I try

Hello and welcome to the forums.  Below are some links that will help your familiarize yourself with the forums.  Read themand post any questions you have here.  We're here to help you.  Good Luck!

 

 

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

 

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/What-Steps-Do-I-Take-Do-I-DV-PFD/td-p/337142

 

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...

 

 

 

 

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

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.
Message 6 of 8
Frequent Contributor

Re: Should I try


fuzzybean wrote:

Queeniam wrote:

Should I try to settle all my Collection and charge-off account or pay them in full...then send good will letters. Thanks 


Is it a valid debt?

 


I mean is it something you really owe and is it still within SOL?

 

Message 7 of 8
Frequent Contributor

Re: Should I try


Queeniam wrote:

whatIll what is a PFD?  


PFD = Pay For Deletion (or maybe it's Paid instead of Pay)

 

Message 8 of 8