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Would it hurt to pay this?

New Contributor

Would it hurt to pay this?

I have two medical collections, two separate CA's. Both are showing date opened 4/1/2008 and are due to fall on 11/2014. One has been reporting derogatory every month starting in Jan of 2013 ($60). The other is showing derogatory as of April 2013 ($51). I have tried to get a PFD and were no on both. Should I pay to stop it from reporting KD every month or would I do more damage by paying them then what the KD reporting is doing for my score?

Message 1 of 4
3 REPLIES
Epic Contributor

Re: Would it hurt to pay this?

The KD is from the CRA and by itself has no impact on your score.  It is the underlying account that does.  Since it is a collection it will always have an impact, paid or not.

Message 2 of 4
New Contributor

Re: Would it hurt to pay this?

So I should pay it b/c it's going to hurt me either way but it'll look better to the lender to see that it's been paid?
Message 3 of 4
Epic Contributor

Re: Would it hurt to pay this?

Yes, I would pay it.  I would also contact the OC and see if you can pay them and recall the debt from the CA.

Message 4 of 4