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Wow A collection agency that did what they said.....Jefferson Capital Colection

New Contributor

Wow A collection agency that did what they said.....Jefferson Capital Colection

This company sent me a payment plan/credit card offer, On one of my debt the deal was

Pay a certain amount upfront 100.00 and they will discount 92.00 and leave me with a balance of 120.00

I just got the credit card today through  Montgomery Bank....

 

I have a small Credit Limit of 150.00 with the 120.00 Balance, I will pay this down before I as the utilization rate is high on this card..

But the point is they followed through..

So i have another trade line on my CR without having to go through the application and credit pull

Lender pull:
10/2010: EQX 568 EXP 622 TU 555
02/2011: EQX 575 EXP 605 TU 571
06/2011: EQX 601 EXP 598 TU 593
07/2011: EQX 612 EXP 622 TU 598
07/2011: EQX 594 EXP 602 TU 654...Ultimate goal 700+
Message 1 of 5
4 REPLIES
Valued Contributor

Re: Wow A collection agency that did what they said.....Jefferson Capital Colection

What happens to the account after you pay the balance in full ?

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015
Message 2 of 5
New Contributor

Re: Wow A collection agency that did what they said.....Jefferson Capital Colection

It is part of my credit limit
The balance will be zero
If I pay it next week
Lender pull:
10/2010: EQX 568 EXP 622 TU 555
02/2011: EQX 575 EXP 605 TU 571
06/2011: EQX 601 EXP 598 TU 593
07/2011: EQX 612 EXP 622 TU 598
07/2011: EQX 594 EXP 602 TU 654...Ultimate goal 700+
Message 3 of 5
Valued Contributor

Re: Wow A collection agency that did what they said.....Jefferson Capital Colection

Let me reask the question since I did not make myselt clear. After you pay off the balance in full does the credit card remian open?

 

 

 

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015
Message 4 of 5
New Contributor

Re: Wow A collection agency that did what they said.....Jefferson Capital Colection


AndySoCal wrote:

Let me reask the question since I did not make myselt clear. After you pay off the balance in full does the credit card remian open?

 

 

 



Yes the card stays open, it is a bonified credit card

Lender pull:
10/2010: EQX 568 EXP 622 TU 555
02/2011: EQX 575 EXP 605 TU 571
06/2011: EQX 601 EXP 598 TU 593
07/2011: EQX 612 EXP 622 TU 598
07/2011: EQX 594 EXP 602 TU 654...Ultimate goal 700+
Message 5 of 5