topic Re: 90 point increase in one month in Understanding FICO® Scoring

90 point increase in one month

Anonymous — Sat, 26 Jan 2008 03:03:56 GMT

I had one verizon collecion I did not like. So I sent a PFD letter. They were very cooperative, deleted before I even payed them. I kept my end of the bargin and payed in full. My EX score went from 662 two 753 just from that one deleted collection. And I owe it all to you guys at this forum. It's all a game, I understand how to play now.

Re: 90 point increase in one month

Anonymous — Sat, 26 Jan 2008 04:49:04 GMT

Nicely done!

Re: 90 point increase in one month

sunrise — Sat, 26 Jan 2008 06:04:28 GMT

Bravo!!!

Re: 90 point increase in one month

Anonymous — Sat, 26 Jan 2008 23:21:07 GMT

skipp wrote:
I had one verizon collecion I did not like. So I sent a PFD letter. They were very cooperative, deleted before I even payed them. I kept my end of the bargin and payed in full. My EX score went from 662 two 753 just from that one deleted collection. And I owe it all to you guys at this forum. It's all a game, I understand how to play now.

Skipp...I have been working on a friend's report for several months. The only thing left is a Verizon collection.I have sent three letters to the address on the credit report and not received a reply to any of them. Where exactly did you send your PFD or who did you contact? Your help is greatly appreciated.

Obsessed

Re: 90 point increase in one month

Anonymous — Mon, 28 Jan 2008 23:47:20 GMT

That's so awesome.... Congrats!

Re: 90 point increase in one month

sweetland — Wed, 30 Jan 2008 02:48:38 GMT

Does anyone have a PFD sample letter? I have one medical collection that has been haunting me for quite a while. I have disputed it several times and It will not go away.

Re: 90 point increase in one month

haulingthescoreup — Wed, 30 Jan 2008 02:55:20 GMT

Hi, sweetland, welcome to the forums! Please check out Credit Scoring 101, and then look in Frequently Requested Threads for sample PFD letters. I'm in Firefox, so please copy/paste the URL into your browser window.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=5000

Re: 90 point increase in one month

sweetland — Wed, 30 Jan 2008 03:05:12 GMT

Thank you for the warm welcome. I'm new to this site and I need help getting my scores up.

Re: 90 point increase in one month

Anonymous — Wed, 30 Jan 2008 17:54:34 GMT

Wow that's great! I'm new here too

So how are my chances looking? I just signed up and my score is at 619..

Okay I have 7 past delinquencies (all paid now) from like 7 years ago. I got sick and hospitalized and had a hard time paying all my bills. They weren't big amounts but when you added them up it was a lot. I just found one today that I thought I paid off but it turns out I didn't. I had one more collection agency to pay off and I owed them $102.

I called up Equifax so that they could give me the information on the collection agency. While doing that, I asked if there were any hidden unpaid items, and it turns out that Equifax had not cleared a payment I made 4 years ago. He went ahead and updated that file and marked it as paid.

I just called the collection agency and paid the $102 I owed them, and am wondering how long it will take to clear from my credit..

Anyhow, now, the only other debt I have is a Capital One visa with a low rate and a balance of $673.

Thank you

Re: 90 point increase in one month

treschic — Wed, 30 Jan 2008 18:57:20 GMT

from reading other posts on this forum, i don't think you will have any increase in score, since the fico formula doesn't take into account paid vs unpaid collections. Apparently, rather a collection is paid or not, it still counts against you. it is only beneficial during a manuel review of your cr(credit report), although the fact that you had the ca(collection account) in the first place will still hurt you. i think the only beneficial solution to your situation would have been for you to have had the entire ca deleted. which, i assume you could've done by disputing the ca, and a) hoping they don't respond or b) agreeing to a pfd 4 years ago. i don't have any first hand knowledge of this, this is just usually the advice that most people get when they have this same problem.

Re: 90 point increase in one month

solidusEE — Thu, 31 Jan 2008 03:08:33 GMT

what does PFD stand for?

Re: 90 point increase in one month

haulingthescoreup — Thu, 31 Jan 2008 03:14:57 GMT

@solidusEE wrote:
what does PFD stand for?

Pay for Delete. You offer to pay them, if they will agree in writing to stop reporting the derogatory info.

There's a Guide to Abbreviations at the top of this page. I copy/ pasted it to my desktop when I first joined the forums.

Re: 90 point increase in one month

Junejer — Thu, 31 Jan 2008 04:55:15 GMT

@Anonymous wrote:
I had one verizon collecion I did not like. So I sent a PFD letter. They were very cooperative, deleted before I even payed them. I kept my end of the bargin and payed in full. My EX score went from 662 two 753 just from that one deleted collection. And I owe it all to you guys at this forum. It's all a game, I understand how to play now.

Congrats on the nice move. I need some of that karma.