Valued Contributor
Posts: 2,340
Registered: ‎04-08-2008
Re: P.I.F, settle or wait them out????
In my personal experience...I had an old auto loan...car was stolen...I had to pay if off...it went to collections...I PIF...and it reported as current...and my score increase by almost 10 points...A collection is a collection...nothing can make it look like a new collection...the date opened will always be on the report...by old dedt...do you mean collections...or past due accounts...now paying something on an account can reset the SOL...but I don't think it will make it LOOK like a new collection...