topic Re: advice please.... in Rebuilding Your Credit

advice please....

Anonymous — Sat, 17 May 2008 10:59:03 GMT

so we got a call from this lady from a ca and about a card that we have that hasnt been pd in 6 months and told us it was about to be charged off. she said that if we make the payment we owe then they will do like a payment match thing and pay like 381 on our account to make our payment like 900 something. should we do this??

Re: advice please....

Anonymous — Sat, 17 May 2008 14:47:23 GMT

wifey2106 wrote:
so we got a call from this lady from a ca and about a card that we have that hasnt been pd in 6 months and told us it was about to be charged off. she said that if we make the payment we owe then they will do like a payment match thing and pay like 381 on our account to make our payment like 900 something. should we do this??

If it was the OC that said that, I'd take advantage of it if I could.

Re: advice please....

Anonymous — Sat, 17 May 2008 17:30:38 GMT

Seeing as it was a CA that called.....I would contact the OC to be sure that it hasn't been COd. See if you can pay the OC...........................If the OC is reporting and they turned it over to a CA.....you do not want them both reporting. If payments are made to the CA you they will report!

#1 restart your SOL (which is still in play) and will keep going with each payment.From what you said the CA didn't say that they would delete after payments. It will remain on your CR as settled for less and wil not help your scores! Also IF not in writting and worded right they can resell the payments that they made for you,to another CA....or ty to collect it from you themself.

#2 By making payments to the OC it will do the same to SOL but if not COd yet you can make payments BUT do not become current......the DOFD will not change.

Message Edited by HappyDays on 05-17-2008 10:30 AM