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should I pay off co with less than 100 dollars?

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erniepotts01
New Member

should I pay off co with less than 100 dollars?

I have two old co's that are both under 100 dollars they where opened in 07. Should I just pay them off?

Message 1 of 4
3 REPLIES 3
titanofold
Established Contributor

Re: should I pay off co with less than 100 dollars?

I would do a PFD for a PIF, but if they don't respond, I would wait it out until after they dropped off my CR to pay them.

Scores2013-09-21Current
Equifax630 (LP)755 (CK)/749 (Quizzle)
Experian640 (FCR)FICO 707 (Amex)
TransUnion588 (CK)FICO 754 (Barclaycard)
Message 2 of 4
myjourney
Super Contributor

Re: should I pay off co with less than 100 dollars?


@erniepotts01 wrote:

I have two old co's that are both under 100 dollars they where opened in 07. Should I just pay them off?


I would try PFD's first and if not successful then pay off and start the GW process

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 3 of 4
RobertEG
Legendary Contributor

Re: should I pay off co with less than 100 dollars?

+1

The quicker you can remove unpaid, delinquent debt, the better your CR will look upon a manual review.

Even after CR exclusion of the CO itself, the OC accunt will still be reporting, and show a debt balance.  Thus, it can still be a problem until paid.

Message 4 of 4
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