Reply
Established Contributor
Posts: 529
Registered: ‎10-25-2012
0

Two choices for First Premier...advice?

First Premier is definately not budging on the PFD. So, my two choices for this are: PIF ($460) and have it reflect as a PIF charge off...or settle for $231 and have it reflect so. What would all you fine people of myfico do?

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
New Contributor
Posts: 61
Registered: ‎09-05-2012
0

Re: Two choices for First Premier...advice?

I too have First Premier on my list....I'm going to PIF, then GW.

Frequent Contributor
Posts: 367
Registered: ‎06-02-2008
0

Re: Two choices for First Premier...advice?

If you can afford it, PAY IN FULL.  Certain instances where it may come back to bite you if you settle for less than what is owed, like some government background investigations.  If you can't afford it, then settle and be done with them.


AmEx PRG (NPSL) | AmEx Costco ($8.2K) | AmEx Delta Gold ($19.3K) | AmEx BCE ($5K) | Chase United Explorer ($10K) | Chase Sapphire Preferred ($7.5K) | Chase Freedom ($8.2K) | Discover it ($3K) | Capital One Quicksilver ($2.5K) | PayPal Extras ($2.5K) | Lowes ($3.3K) | Walmart ($4.3K) | Amazon ($2.5K) | Restoration Hardware ($8.8K) | Crate & Barrel ($8.3K)
--
Homeowner since 05/29/13
Contributor
Posts: 85
Registered: ‎11-30-2011
0

Re: Two choices for First Premier...advice?

I have dealt with them; PIF and have them update it with a zero balance.  First Premier does not sell the debt and this amount is most likely factored into your utilization.  Paying it in full could possibly increase your score as your utilization will decrease.  The CO reporting has done permanant damage to your report.  If you pay in full, it will reflect such and show future creditors that you did do your due diligence and pay the debt in full.

 

In summary, pay in full and allow them to update it as Charged Off/Paid In Full.  Afterwards, start goodwilling them some letters; maybe you might just catch the right person and it may be deleted.

MyFICO Pulled: (11/28/2012) EQ 635, TU 650, EX 661
Lender Pulled: (12/05/2012) EQ 635, TU 677, EX 641
Lender Pulled: (02/20/2013) EQ 667, TU 661, EX 648
MyFICO Pulled: (05/30/2013) EQ 712, TU 685, EX 686

Finally Hit the 700's as of 06/05/2013!!!
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.