paid collection questions

[MarineVietVet]

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@Anonymous wrote:

oh and i forgot to mention they also are willing to settle for 80% of the debt and will update it as "settled in full" i have no idea what to do lol 

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Any notation of "settled" is scored the same as a charge off so be aware of that.

[Anonymous]

yeah thats not good, im just going to pay them in full and be done with it. thanks for all the advice 

[gdale6]

Your next move after you have paid if off and it is updated to a paid collection is to begin a GW letter campaign of at least 1 letter every other month sent to the office of the CEO asking that the TL be removed. Good luck

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...