topic Re: How do you do a PFD for Apartment Collection company???? in Rebuilding Your Credit

How do you do a PFD for Apartment Collection company????

shalane85 — Sun, 25 Jan 2009 02:41:32 GMT

I broke my lease from this apartment June 06 and Aug. 06 they reported that I owe $2600 for breaking the lease. I want to either pay it off or settle, but one representative for the CA told me it would be illegal to delete the account from my credit report. Should I even try to pay this off if they wont take it off my report?

Re: How do you do a PFD for Apartment Collection company????

llecs — Sun, 25 Jan 2009 03:07:50 GMT

shalane85 wrote:
I broke my lease from this apartment June 06 and Aug. 06 they reported that I owe $2600 for breaking the lease. I want to either pay it off or settle, but one representative for the CA told me it would be illegal to delete the account from my credit report. Should I even try to pay this off if they wont take it off my report?

Ignore what the CA says and send the PFD again and again and again. If necessary, direct the PFD to the pres. or owner of the CA. Paying it off will not help your score any (it could actually drop your score if they update your CR).

Edited to clarify....I'm not saying to NOT pay it, it isn't illegal and they'll accept if you bug them enough. Also, if offering a settlement, consider offering 100%.

Message Edited by llecs on 01-24-2009 10:07 PM

Re: How do you do a PFD for Apartment Collection company????

RobertEG — Sun, 25 Jan 2009 06:39:33 GMT

The first thing I would determine is whether the landlord sold the debt to the CA, or merely assigned it to them for collection.

If the debt was just assigned to the CA, I would make a full-blown attempt to settle with the landlord/OC. If they accept payment, they are then required to withdraw the collection, and the CA is required to delete their account from your CR. That is the best course of action.

Re: How do you do a PFD for Apartment Collection company????

shalane85 — Mon, 26 Jan 2009 00:37:07 GMT

The apartment sold that account to the collection company. The CA have had that account since Aug 06. Every year around tax season they offer to settle the account for less but I don't want to pay them if they wont delete it from my credit report. I'm not one to avoid paying my debts but it will hurt my already low score of 510 if I pay them off and it still shows on my reprt. I think I will send them a PFD and see where it goes.

Re: How do you do a PFD for Apartment Collection company????

203bravo — Mon, 26 Jan 2009 01:00:13 GMT

but it will hurt my already low score of 510 if I pay them off and it still shows on my reprt

is it currently reporting as a collection account? If it is it will neither help nor hurt your current score to settle this account. For FICO a collection is a collection paid or not.

Re: How do you do a PFD for Apartment Collection company????

shalane85 — Mon, 26 Jan 2009 02:17:19 GMT

But it will improve my score if they delete it from my credit report. Wont it?

Re: How do you do a PFD for Apartment Collection company????

llecs — Mon, 26 Jan 2009 04:01:48 GMT

shalane85 wrote:
But it will improve my score if they delete it from my credit report. Wont it?

Yes, if deleted your score will likely improve.

Message Edited by llecs on 01-25-2009 11:01 PM

Re: How do you do a PFD for Apartment Collection company????

CreditGuy03 — Tue, 07 Apr 2009 11:14:37 GMT

what is the update on this? Was this ever deleted?