Epic Contributor
Posts: 22,397
Registered: ‎01-17-2008
Re: Collection Agency - New to Forums and need HELP!!!

Just to add.


Always know what the DOFD and SOL for each type of an account.


Never send a DV if it is within SOL unless you can pay the entire account in full.


Never close an account with a balance on it.


Never talk to a CA.  Always correspond in writing.


Paid and unpaid collections and Charge Offs are scored the same by FICO.  Charge offs with a balance that are paid will help your utilization.


Keep utilization below 10%.  For optimum score results keep it below 3%.


Do not give up.  It may take a while but your scores will incease.