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

New Contributor

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?

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Valued Contributor

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.
Scores: about 700 across the board
Total CL: $275k
Message 2 of 3
Moderator Emeritus

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+
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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.
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