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cobra2004
Posts: 1
Registered: ‎10-11-2012
Delinquent account
Hi, I currently have a delinquent account on my credit. It is from at&t. I moved back in 2006 to a place that didn't have at&t towers so I got a letter from them saying they were making me switch to another carrier. I got upset about that (I was immature back then and regret it now) so I didn't pay my last bill. My question is should I pay this now or wait until it goes off my credit?(should be another year or so I think) Thanks......
Frequent Contributor
JustMe77
Posts: 275
Registered: ‎05-27-2009
Re: Delinquent account

Ethically, if you owe the money it makes sense to pay it. 

 

 I don't think paying it will change your credit score though. It's already in collections and the damage has been done.

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Moderator
Shogun
Posts: 12,883
Registered: ‎04-15-2011
Re: Delinquent account

It's old, getting older.  Send a PFD for whoever has it.  Check the SOL for your state, most likely this account is well beyond the SOL.  That may play to your advantage.  Send the PFD, state in there,  I found this on my CR, I understand that it is old and past the SOL for my state.  I don't remember this particular account but in a gesture of GW I would like to make amends and offer payment on the basis that you return the act of GW and delete it from my CRs.       Put something along the lines of that, maybe you will get lucky!


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Established Contributor
bettercreditguy1
Posts: 741
Registered: ‎02-11-2012
Re: Delinquent account

One thing to remember. As the market changes. You may move or need to change back to them or an affiliate some time. Your best bet is to take care of the debt so you never need to worry about it coming back to haunt you.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Frequent Contributor
scarrollprint
Posts: 382
Registered: ‎06-26-2012
Re: Delinquent account

bettercreditguy1 wrote:

One thing to remember. As the market changes. You may move or need to change back to them or an affiliate some time. Your best bet is to take care of the debt so you never need to worry about it coming back to haunt you.


Words of wisdom!

 

Also about SOL, make sure you check SOL in your state. Just because its off your reports does not mean its not within SOL - RI's SOL is 10 years for contractual debts - so in essence it could be off your reports for 2.5 years and they still have the right to whack you with a suit.

 

Granted there are other states where its only 5. So before you do ANYTHING except for PIF, make sure you find out what the SOL is.

 

Don't even try to settle on it for anything less than 100% unless you are for certain its 100% out of SOL. There have been people on here who tried to PFD with a lesser amount and then they got slapped with a suit for the full amount. Tred lightly till you are certain its out of SOL - don't want to wake the sleeping bear.

 



Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
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