topic Re: So how bad would it hurt my score to just pay 2 accts? in Rebuilding Your Credit

So how bad would it hurt my score to just pay 2 accts?

gpeach — Tue, 17 Feb 2009 22:52:32 GMT

Have successfully PFD 5 accounts. Need some help with last collections on my account.

How bad of a FICO number hit would a paid charge off and two paid collections be both say no PFD?

Capital one from 2004 sold to Zenith for 560.00 Aug 2008. But now they want 970.00 ( I find that quite an increase in interest)
Fall off date: 2011
Capital One shows on report as charge off zero balance

Zenith as a collection account.Both are on my account

Adelphia-Time Warner with Credit Prot Assoc collecting 140.00
Fall off date: 2012

Thanks

Re: So how bad would it hurt my score to just pay 2 accts?

gpeach — Tue, 17 Feb 2009 23:50:45 GMT

No so much numbers. But would it help or hurt my score to pay those off?

Re: So how bad would it hurt my score to just pay 2 accts?

settleordelete — Wed, 18 Feb 2009 00:24:30 GMT

Sometimes interest continues to accrue on credit accounts thus increasing the balances and lowering the fico scores anyway...If they want there money,they will give in eventually... just keep trying your PFD tactics. But make sure you dont wait to long to pay or settle as penalties/interests could be adding up.

Re: So how bad would it hurt my score to just pay 2 accts?

gpeach — Wed, 18 Feb 2009 02:02:45 GMT

Would paying those two accounts in full lower or raise my score? Seems no one gets PFD's with Cap One or Time Warner that I could find. And the CA for Cap One has added 400 to the 560 balance in the last 6 months! So interest does concern me on that one.

Re: So how bad would it hurt my score to just pay 2 accts?

aquatic1 — Wed, 18 Feb 2009 02:58:33 GMT

I would suggest that you check your state to see how much, if any interest a collection agency can legally add to a collection account. They may be breaking your state's collection laws if they exist. hey, I would check everything from this to seeing if they are violating how they have you collection account listed with the CRA's.