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New Contributor
tictoc
Posts: 69
Registered: ‎01-17-2012

account status changed?

I recently disputed an acct with an OC that I had paid in full years ago, and today I got an alert telling me the acct was changed, the acct use to state bad debt/collection and had late payments on there, now the acct shows a $0 balance no lates and acct status as settlement accepted, is the better?  Is it going to help my score?


Starting Score: Ex: 580 EQ: 608 myfico TU: 585
Current Score: Ex: 694 fcr.com EQ FICO: 663 TU: Unk
Goal Score: 700


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Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007

Re: account status changed?

Hard to say.  The reporting of a $0 balance is somthing that was required of them when the debt was settled.

The deletion of the prior derogs will help.

However, they have apparently reported a "paid for less than the full amount" special comment to reflect how you paid the debt.

That in itself is a negative comment, telling others that, in the past, you did not pay all of obligated debt. 

 

Some feel that FICO separately scores a "settled for less" comment.  I have seen no public statement to that effect, but the experiences of others seem to indicate that they do.

 

New Contributor
tictoc
Posts: 69
Registered: ‎01-17-2012

Re: account status changed?

oh ok I'll check that out thanks!


Starting Score: Ex: 580 EQ: 608 myfico TU: 585
Current Score: Ex: 694 fcr.com EQ FICO: 663 TU: Unk
Goal Score: 700


Take the FICO Fitness Challenge

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