Reply
New Contributor
CreditRepairGirl23
Posts: 67
Registered: ‎05-31-2012
0

Will paying a debt extend the amount of time its on my report?

Old verizon bill with AFNI

 

Sent request for DV they responded with copy of a verizon bill

 

Sent PFD , they will not budge (I was sure to word it that I was not sure of the validity of the debt but am willing to pay just to remove it from my report)

 

It is marked on one of my reports to fall off 2/13 , If I pay it - will that extend the amount of time its on my report?

 

Also I got a score watch alert today that the account was updated to "disputed" ?? Can this hurt me in some way?

Valued Contributor
madmann26
Posts: 1,440
Registered: ‎08-30-2012
0

Re: Will paying a debt extend the amount of time its on my report?

It will not extend. The fall off date is triggered by the DoFD.

Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Will paying a debt extend the amount of time its on my report?

+1 madman.  The CRTP is set by the OC, and since AFNI is the CA, they do not set the clock for any reporting.  As long as you don't sign an agreement with AFNI and default on that, then you will be just fine.  I would however continue to offer a PFD, just to get rid of the debt.  The account in dispute would only hinder a mortgage or loan application.  Other than that, it will fall off too.


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!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}