Worst. Another major negative accounts one that will be recent if they place a collection.
I see your point but either way it's bad. You might be able to settle for less with a PFD on the collection account, in turn pay less out of pocket to stop it from going further and 0 out the UTL. Risky. I've never seen anyone intentionally take this approach. If it is something new and it works all the power to you. Usually it would be more advisable to work with the original lender.
Message Edited by ilovepizza on
08-29-2008 12:45 AM