eljeffe wrote:I'm a little bit stunned right now.My wife and I are considering the possibility of remodeling our home next year so I pulled my credit report for the first time ever and my FICO is in the mid-600s?!?! I honestly expected it to be in the high-700 to low-800 range.
I can say, without hyperbole, that we have a truly exceptional credit history with only one problem; Several years ago I got in a dispute with eBay's credit company (GE) after I refused to pay a $29 late fee (I never received a bill yet, after they finally sent me one and the principal was promptly paid, they still pursued the late fee and wouldn't compromise). Eventually that late fee compounded to $180, was written off, and sold to a collections company.I'm SHOCKED that the write-off of one $29 late fee and the associated collection has apparently sunk my credit score like a rock despite 15+ years of paying $ thousands in bills, in full, and on time each month.
I need to get this fixed, but the thought of giving in to, what feels like, credit blackmail makes my skin crawl. Any thoughts or suggestions?
eljeffe wrote:Yes, it's the FICO score and I did pull all three reports. They are all essentially identical with only this one problem. The only thing that seems wierd to me is the fact that the collection account is dated very recently (this summer) even though it's part of the (approximately 3 year old) charge off.
This sounds like a classic PFD
eljeffe wrote:No, I haven't paid simply on principal. It seems, however, that standing on principal when it costs me this much may be a bit quixotic.I also noticed that the charge-off is $100, while the collection agency wants $180; even more fuel to stoke the fire of my discontent.