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New Contributor
Posts: 69
Registered: ‎05-31-2012
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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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Posts: 1,546
Registered: ‎08-30-2012
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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.

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Posts: 13,897
Registered: ‎04-15-2011
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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.

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