Understanding FICO® Scoring

[boosted]

My credit is in very bad shape and I need some long-term help. My highest score is 536 from EQ. Today I made a few phone calls to the collection agencies one bill was for 434.00. I asked and begged for them to remove the report from my file if I pay in full or settled for 50%, the person said they cannot remove it, so I went along with the settlement amount for 163.00 for two payments my first payment is tomorrow. Did I go about this PFD thing all wrong? Should I just send the letters to the creditors instead of calling?  

TransUnion

Experian

Equifax

TOTAL ACCOUNTS:

16

12 

14 

OPEN ACCOUNTS:

10

1

6

CLOSED ACCOUNTS:

6

11

8

DELINQUENT:

1

1

1

DEROGATORY:

12

10

11

BALANCES:

7505

7378

7177

PAYMENTS:

157

63

63

PUBLIC RECORDS:

1

0

0

INQUIRIES (2 years):

18

11

30

[Tuscani]

Paying will do you little good. Did you tell them you won't pay unless they delete?

[boosted]

I asked the person “if I PIF or settle for 50% will you delete my file from my report and she said she can’t and that the only thing I can do is settle or PIF”.

I should have sent the letter instead of calling right?

Is this something that i have to keep pounding at them?

Message Edited by boosted on 06-13-2007 07:06 PM

[Tuscani]

Talk to someone else. Let them know you will not pay without PFD.

[boosted]

I can't do anything now because i already gave them my Prepaid CC infomation so i have to pay. I have another CC bil thats 143.00 I will give them a call today and try with them.

[Tuscani]

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boosted wrote:

I can't do anything now because i already gave them my Prepaid CC infomation so i have to pay. I have another CC bil thats 143.00 I will give them a call today and try with them.

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DOH! Ok, let us know how the other one goes.

[Teresa]

How do I get my score high 660 by the end of Aug. 2007? I need it to buy this house I want. I have paid off alot of mine collections accounts. And paying on time on my car payments. My car payment will be finished in Oct. 2007. And I just got 2 new credit cards to improve my score. What other things can I do?