Re: Please respond!!
10-28-2012 09:10 AM
OP, if the CA was updating regularly, then paying it will not have any more of a negative impact that what is showing now. Even if they never updated since first reporting in January, 10 months is a short period of time and I wouldn't foresee any score change. Generally you do not see any score change when paying a CA.
The "factoring company account" mention is benign. It's another term for a CA. FICO ignores it and lenders would still know that it is a CA.
Per the FDCPA, the only thing the CA needed to provide is the balance, the OC name, contact info, and a copy of the judgment if sued. They don't need to send anything else, though you can certainly ask for it.
Send a GW to this CA.