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New Contributor
pphilpot
Posts: 69
Registered: ‎06-28-2011
0

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+
Valued Contributor
AndySoCal
Posts: 1,895
Registered: ‎04-07-2009
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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 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
New Contributor
pphilpot
Posts: 69
Registered: ‎06-28-2011
0

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+
Valued Contributor
AndySoCal
Posts: 1,895
Registered: ‎04-07-2009
0

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 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
New Contributor
pphilpot
Posts: 69
Registered: ‎06-28-2011
0

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+

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