Established Contributor
Posts: 520
Registered: ‎02-27-2012

So I answered a call from a CA...

I answered a call today from Asset Acceptance to see if I could make some progress on this debt. They tell me I can settle and they will mark the account as "paid-settled" - so I asked them what's in it for me? They said that the debt will be satisfied, and since it's my obligation to pay the debt that should be the reward. The collector continued to argue with me, and I was trying to see if they might be able to do a PFD. Her voice continued to rise in volume, and she finally hung up on me.


Fast forward to 15 minutes ago - I get an alert from Scorewatch. The Asset Acceptance account reported an increase of $44, and my EQ FICO dropped 7 points from 597 to 590.


I don't think I'm ever going to get anywhere with Asset Acceptance, and the account falls off of my CR in about 18 months. I'm starting to accept that Asset, Midland, and a CO from Discover will just have to remain on my report for roughly 18 more months until they fall off. If I were to settle with all of these, it would still cost me about $4k - and I don't think it's worth it when it's not going to doing anything for my score.

AMEX PRG - NPSL I AMEX Everyday Preferred - $22.8k I Chase Ritz-Carlton - $21k I NFCU Flagship Rewards Visa Signature - $10k I NFCU CashRewads Visa Signature - $10k I NASA FCU - $10k I Texell FCU Visa - $5k I Citi Double Cash - $3.6k I NFCU CLOC - $15k

EQ FICO - 679 (2/6/15) I TU FICO - 686 (2/6/15) I EX FICO - 698 (2/6/15)
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.

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

IMPORTANT INFORMATION: All FICO® Score products made available on 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.