topic Re: Wells fargo credit card payoff in Rebuilding Your Credit

Wells fargo credit card payoff

undrtkr65 — Mon, 04 May 2015 03:43:56 GMT

I currently have a wells fargo credit card on my reports that I want to pay in full since my account got closed due to falling behind on my payments. My fico simulator shows that I would get a higher score If I paid it out in payments instead of all at one time. It is a 2 yr old account and is current now. Any suggestions on waht I should do? Thanks

Account 5 of 10

Profile

COMPANY

Wells Fargo Card Ser

Wells Fargo Card Service

Wf Crd Svc

LOAN TYPE

Credit Card

ACCOUNT NUMBER

XXXXXXXXXXXX

XXXXXXXXXX

ACCOUNT HOLDER

Joint

Joint Account

DATE OPENED

Feb, 2013

Status

Payment Timeline

History

Terms and Remarks

STATUS DATE

Mar, 2015

May, 2014

CONDITION

Open

LAST ACTIVITY

Jan, 2014

Mar, 2015

Not Available

BALANCE

$3,383

$3,407

STATUS

At least 120 days or more than four payments past due

120 days past due

Current account/was 30 days past due date




3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12	1	2
2013	2014	2015

LATE 30 DAYS

2 times (Apr 2014, Mar 2014)

1 time (Mar 2014)

LATE 60 DAYS

2 times (Aug 2014, May 2014)

0 times

LATE 90 PLUS DAYS

8 times (Feb 2015, Jan 2015, Dec 2014, Nov 2014, Oct 2014, Sep 2014, Jul 2014, Jun 2014)

0 times

WORST DELINQUENCY

120+ days past due

120 days past due

30 days delinquent

HIGH BALANCE

$3,786

TERMS

Revolving

SCHEDULED PAYMENT

$135

$110

CREDIT LIMIT

$3,000

REMARKS

Consumer disputes - reinvestigation in progress

Account closed by credit grantor

Account Closed At Credit Grantor's Request

Re: Wells fargo credit card payoff

Anonymous — Mon, 04 May 2015 03:55:05 GMT

I would pay this off as soon as possible. It is killing your UTL.

Re: Wells fargo credit card payoff

Anonymous — Mon, 04 May 2015 03:56:16 GMT

Also, what are you disputing?

Re: Wells fargo credit card payoff

undrtkr65 — Mon, 04 May 2015 23:12:23 GMT

the balance was incorrect they have it fixed now. I'll go ahead and get this paid off asap. Thanks for the advice.

Re: Wells fargo credit card payoff

gdale6 — Mon, 04 May 2015 23:17:08 GMT

@undrtkr65 wrote:
the balance was incorrect they have it fixed now. I'll go ahead and get this paid off asap. Thanks for the advice.

I would attempt to get the PFD from them in exchange for full payment.

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Q-amp-A-Examples-and-PFD-Success-Stories/td-p/2031275

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Example-Letter/td-p/4519

Re: Wells fargo credit card payoff

undrtkr65 — Mon, 04 May 2015 23:23:14 GMT

They have already agreed to have the late remarks removed 6 months after the account is payed off. I appreciate the advice.