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If the TOTAL collection accounts are under $1000...why not wipe them out?
I'm amazed at how many times we let small legit debts screw us up.....Pay 'da lady!
Many times, that act alone may bump your profile enough to be approved....
If all accounts can't be paid ...maybe 2 can
then a dispute, which likely won't be challenged by the now 'paid' creditor...hence a deleted account = less damaging info on profile.
Some when trying to chasing credit to 'show' we can PAY....it might help to PAY something we owe on anyway.
These collections are debts we owe anyway, so there really isn't a 'loss' ....you ordered the steak, you ate the steak, PAYING for the steak, even late, with fees
moves yoi forward, towards proving you're a 'payer'.....well?
That with some of those auto HP's falling off due to a little age or again disputing you'll get an approval or two...then let payments and TIME work it's magic.
I'm sorry Quicksilver one is the card I applied for. And as far as paying the collections I'm currently in the process of disputing them. if that doesn't work then I will definitely send out some pfd letters.
It happened almost exactly to the day I opened my card through the steps program 😀
At the time it went through I had a $700 balance. Really all I did was consistently make payments on time for ALL of my credit accounts (usually at least a week before it's due). Overall my utilization was somewhere around 20%. Between the time I had opened the card and gotten the CLI my score had gone up at least 60 points with each bureau. I have only one negative on my report from about 5 years ago- an account that went into collections.
Hope this helps!
@Gemini I think that's some pretty sound advice that you gave.
Just for some additional background information... At the time I did have a somewhat thin file, and a couple of months after opening that Quicksilver One card I opened a Victoria's Secret and Amazon Visa with Chase. When I applied for the account I only had one credit card for two years (USAA) that I had been making on time payments on. No loans or mortgages.