topic Re: Good and Bad news all in same day.. in Rebuilding Your Credit

Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 02:01:23 GMT

Hey FicoFam ,

So last night i decided to call experian and try to get EE on a account that was scheduled for sept. 1st and after hr and half on hold and being tossed back and forth i finally got with a supervisor. The first 2 reps i talked to were the worst. Now on to the supervisor i think i caught him right before he was clocking out because he went straight to the point asking what did i want removed ? I went ahead and told him about that one BOA account and he said let me check .....ok done anything else >? so.... split second i told him well i got these other 3 i named the accounts and same thing ! Done ! Then he went on saying that it be 24-72 hrs. 1 hour after call i get email that dispute been entered in experian and 12hrs later results are ready. All 4 accounts are now gone ! This resulted in...162 point jump ! .

Now transunion and experian reports are 100% clean , equifax has only 1 charged off account BUT!... this evening i arrived to my parents house with a medical collection letter waiting for me . right when i thought everything was coming together for my soon to be mortgage application i have this letter waiting on me . No idea what to do now guys.... this debt is from 2014-2015 . On the letter it does say that due to how old debt is they cant sue. Any ideas what to do ? Thanks for the help in advance i have improved alot since then because of this site and owe thanks to all of you.

Re: Good and Bad news all in same day..

thornback — Fri, 14 Jun 2019 03:08:58 GMT

Wow... congrats on the EEs and that massive score improvement!! That's fantastic.

As for the medical collection -- I don't know. Is the amount something you can afford to pay? If so, maybe contact them and negotiate a pay for not reporting??

I'm sure someone else will chime in with more / better suggestions.

Re: Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 03:32:58 GMT

Yeah its not reporting as of yet im just afraid that if i call them and admit that it is my debt from while back then that be validating it and the clock starts all over . Original is $400 and on letter it says $120 to settle but i wouldnt want to pay and then they report it to my credit file. Im just stuck .

Re: Good and Bad news all in same day..

Aspireto850 — Fri, 14 Jun 2019 07:50:05 GMT

Oh..My..Giggidy! Amazing

Note to self: call Exp at closing time 🤔

My advice would be to count your 162 point blessing, pay that darn collection and move on before they put it on ur credit report.

Re: Good and Bad news all in same day..

FireMedic1 — Fri, 14 Jun 2019 08:24:01 GMT

Call ASAP! I'll pay it all now!! Please dont report it. I didnt know about it until I got your letter. I'm closing on a house! Here's my account number.

Re: Good and Bad news all in same day..

Shooting-For-800 — Fri, 14 Jun 2019 09:50:29 GMT

@Fico82 wrote:
Yeah its not reporting as of yet im just afraid that if i call them and admit that it is my debt from while back then that be validating it and the clock starts all over . Original is $400 and on letter it says $120 to settle but i wouldnt want to pay and then they report it to my credit file. Im just stuck .

WAIT.

You are worried about paying $400 on a debt you owe to save your 798 fico?

I would pay if full with a non report agreement immediately.

You will pay a lot more than $400 in interest on any loan for a car or house if your score drops significantly.

GL!

Re: Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 11:39:24 GMT

Im not worried about the $120 or the $400 , im worried about me paying and after i pay then they report a paid in full 0 balance with some kind of negative impact to my credit . Or am i not understanding this correctly ? Ok so going foward how do i ask for a non report agreement ? Do they send me something in writing first then i pay the full 400 ? Or do i take there word over phone and pay the full 400 ? Download a app on my phone to record call and pay full 400 ? Im ready to pay just need to know the right stragety of how to pay the $120 or the $400 and it not report at all....

Re: Good and Bad news all in same day..

Aspireto850 — Fri, 14 Jun 2019 15:32:21 GMT

@Fico82,

Quite frankly I don’t know if they would be in their right to report this after you’ve paid them. If I may ask, who is the collection company? Search this site and get any insight you can about them and how they usually treat these situations and you can make an informed decision. Keep us posted. Good luck! 🍀

Nonetheless I wouldn’t let Friday end w/o calling and paying them. Heck, I’ll pay the collection so you can maintain that 👏🏼👏🏼

I need the guys name you spoke with cuz he gets an Employee if the Month award!

Re: Good and Bad news all in same day..

Aspireto850 — Fri, 14 Jun 2019 15:32:59 GMT

@Fico82,

Quite frankly I don’t know if they would be in their right to report this after you’ve paid them. If I may ask, who is the collection company? Search this site and get any insight you can about them and how they usually treat these situations and you can make an informed decision. Keep us posted. Good luck!

Nonetheless I wouldn’t let Friday end w/o calling and paying them. Heck, I’ll pay the collection so you can maintain that 👏🏼👏🏼

I need the guys name you spoke with cuz he gets an Employee if the Month award!

Re: Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 15:40:15 GMT

They are called synergetic communication. I'm ready to get this done just waiting to see what you guys think and how to approach.

Re: Good and Bad news all in same day..

Queen_Etherea — Fri, 14 Jun 2019 16:05:11 GMT

@Fico82

Calling them and admitting it’s yours does NOT reset the clock. Only making an actual payment can do that. So feel free to call and see what’s going on. 😁

Re: Good and Bad news all in same day..

Anonymous — Fri, 14 Jun 2019 16:59:40 GMT

HOLY GOOGLY MOOGLY!!

That is the single biggest jump I've ever seen! You're 2 pts from solid green!

Pay that collection!

Re: Good and Bad news all in same day..

pgtackle2003 — Fri, 14 Jun 2019 17:02:29 GMT

To add to the others. Calling and paying the collection does not allow them to report it. I don't know I've seen an instance where paying a collection before it reports causes them to then report. As others mentioned I'd call and say you want to pay it and then confirm they will not report it.

Re: Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 17:02:36 GMT

Yes I have called twice in past hour and got a recorded message . I will definitely be calling again after 1pm. Thank you everyone for your help I will update as soon as I speak with them.

Re: Good and Bad news all in same day..

Shooting-For-800 — Fri, 14 Jun 2019 18:23:13 GMT

Get it in writing!

Remind them that you could have settled but you are paying in full to protect your credit even though you are not even sure you actually owe anything.

Re: Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 18:47:53 GMT

This will be my 4th attempt to speak to someone and nothing... i hope this aint a shady place..

i will ask if i can get anything in writing or emailed etc.

Re: Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 20:02:52 GMT

Alright fico fam i was finally able to get through after the 5th attempt. All went well.. they verified all info and then asked how i wanted to do payments for the $120. I then told the lady that i was willing to pay in full ($400) as long as they dont report to the credit bureaus. She mentioned that they are not allowed to report this account ? She even put me on hold and confirmed with managment that they can not report all they do is foward to current creditor that account has been paid in full ( not settled ). i gave my discover info and that was that. I hope all goes well because this will be the make or break for our mortgage loan in the next 3-4 months. She said i had 2 options for reciept ..mail or email and i did the email option.

Re: Good and Bad news all in same day..

pgtackle2003 — Fri, 14 Jun 2019 20:07:40 GMT

Gald you were able to get it taken care. Although honestly I don't think this would make or break a mortgage even if it did get reported as paid. I see people all the time getting mortgages with lists of collections and charge offs on their CR. I am fairly certain nothing will change on your CR.

Good Luck in your mortgage process

Re: Good and Bad news all in same day..

Fico82 — Fri, 14 Jun 2019 20:11:19 GMT

thank you PGTACKLE2003 for the advice.