Re: Collection Agency - New to Forums and need HELP!!!
08-07-2009 07:26 AM
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.